Abraxas Announces Change in Leadership Roles
21 September 2018 - 7:15AM
Business Wire
Abraxas Petroleum Corp. ("Abraxas") (NASDAQ: AXAS) today has
announced a change in leadership roles. William H. Wallace, has
resigned as VP of Operations to pursue other career opportunities.
The Board of Directors of Abraxas has appointed Mr. Kenneth W.
Johnson, currently Abraxas’ Regional Operations Manager, as the new
VP of Operations.
Mr. Johnson is a tenured member of Abraxas’ management team and
has managed various operations at Abraxas and its predecessor
companies since 2000. Prior to Abraxas, Mr. Johnson served as a
consultant to various operators in supervisory and operations
management roles across the US including the Mid-Continent,
Rockies, and Gulf Coast regions.
"We are pleased that we are able to make a smooth transition as
part of our ongoing planning and development initiatives," said Bob
Watson, President and CEO. "As a Company, we appreciate the years
of hard work that Will Wallace has contributed to Abraxas, and we
are grateful for his contributions to get Abraxas to where we are
as a company today. Further, we look forward to working with Kenny
Johnson as he assumes leadership of this function. Kenny has also
made significant contributions to Abraxas for many years, and we
have complete confidence in his leadership in his new role.”
Abraxas Petroleum Corporation is a San Antonio based crude oil
and natural gas exploration and production company with operations
across the Permian Basin, Rocky Mountain, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180920005949/en/
Abraxas Petroleum CorporationSteven P. Harris,
210-490-4788Director of Finance and Capital
Marketssharris@abraxaspetroleum.comwww.abraxaspetroleum.com
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