UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
January 27, 1998
Abraxas Petroleum Corporation
(Exact name of registrant as specified in its charter)
Nevada
(State of other jurisdiction of incorporation)
0-19118 74-2584033
(Commission File Number) (I.R.S. Employer Identification Number)
500 N. Loop 1604 East, Suite 100
San Antonio, Texas 78232
(Address of principal executive offices)
Registrant's telephone number, including area code:
210-490-4788
Item 5. OTHER EVENTS.
(a) On January 20, 1998 Abraxas Petroleum Corporation announced
the Company has priced a private offering of $60 million
principal amount of 11.5% senior notes. Such notes are an
add-on to the Company's existing $215 million senior notes.
The following exhibits are filed as part of this report:
NUMBER DOCUMENT
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99.5 Press release dated January 21, 1998
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ABRAXAS PETROLEUM CORPORATION
By: _________________________________________
Chris Williford
Executive Vice President, Chief Financial
Officer and Treasurer
Dated: January 27, 1998