Abraxas Announces Hiring of Steven P. Harris as Director of Finance and Capital Markets

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SAN ANTONIO--(BUSINESS WIRE)--Jun. 18, 2018-- Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ: AXAS) today announces the hire of Steven P. Harris as Director of Finance and Capital Markets for the Company. Mr. Harris will report to Bob Watson, Chairman, President and Chief Executive Officer of Abraxas.

Mr. Harris brings over 20 years of financial and leadership experience to Abraxas. Most recently, Mr. Harris was with Sundance Energy where he assisted Sundance’s Business Development and Investor Relations efforts. From 2008 through 2017, Mr. Harris was a Managing Director and headed the U.S. Energy Investment Banking division of Canaccord Genuity in Houston, Texas. Prior to joining Canaccord Genuity, Mr. Harris served in the Business Development Group at El Paso Exploration and Production. Mr. Harris earned his Bachelor of Business Administration from the University of Texas at Austin and a Master of Business Administration from the Rice University Jesse H. Jones Graduate School of Management.

Bob Watson, President and CEO of Abraxas, commented, “Steve’s financial and business development experience will prove invaluable as Abraxas continues to execute on its business plan. Steve also possesses the necessary financial and investor relations experience to provide a seamless transition for all of our stakeholders. I and the entire Abraxas team welcome Steve to the Company and look forward to working with him.”

Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Permian Basin and South Texas regions of the United States.

Safe Harbor for forward-looking statements: Statements in this release looking forward in time involve known and unknown risks and uncertainties, which may cause Abraxas’ actual results in future periods to be materially different from any future performance suggested in this release. Such factors may include, but may not be necessarily limited to, changes in the prices received by Abraxas for crude oil and natural gas. In addition, Abraxas’ future crude oil and natural gas production is highly dependent upon Abraxas’ level of success in acquiring or finding additional reserves. Further, Abraxas operates in an industry sector where the value of securities is highly volatile and may be influenced by economic and other factors beyond Abraxas’ control. In the context of forward-looking information provided for in this release, reference is made to the discussion of risk factors detailed in Abraxas’ filings with the Securities and Exchange Commission during the past 12 months.

Source: Abraxas Petroleum Corporation

Abraxas Petroleum Corporation
Geoffrey King, 210-490-4788
Vice President – Chief Financial Officer