Abraxas Petroleum Corp. said last week that its Canadian units, Canadian Abraxas Petroleum Ltd. and Grey Wolf Exploration Inc., have agreed to sell certain reserves and associated gas processing plants in Western Canada to a Canadian royalty trust for approximately $138 million.
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Abraxas Unloads Specific Canadian Assets to Pay Down Debt
Abraxas Petroleum Corp. said Tuesday that its Canadian units, Canadian Abraxas Petroleum Ltd. and Grey Wolf Exploration Inc., have agreed to sell certain reserves and associated gas processing plants in Western Canada to a Canadian royalty trust for approximately $138 million.
November 27, 2002
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