EX-99
6
nrcreditfacility.htm
ABRAXAS PETROLEUM CORPORATION
www.abraxaspetroleum.com
Exhibit 99.2
NEWS RELEASE
Abraxas Executes Commitment Letter for $50 million Credit Facility
SAN ANTONIO (May 29, 2007) - Abraxas Petroleum Corporation (AMEX:ABP) today announced that it has executed a Commitment Letter with Société Générale for a $50 million credit facility.
The initial borrowing base is expected to be $6.5 million. Abraxas expects to close the credit facility by June 22, 2007.
"We are pleased to announce that while we will have zero drawn on this facility at closing, it will provide us with financial flexibility going forward", commented Bob Watson, President and CEO of Abraxas.
Abraxas Petroleum Corporation is a San Antonio-based crude oil and natural gas exploration and production company with operations in Texas and Wyoming.
FOR MORE INFORMATION CONTACT:
Barbara M. Stuckey/Director of Corporate Development
Direct Telephone 210.757.9835
Main Telephone 210.490.4788
bstuckey@abraxaspetroleum.com
www.abraxaspetroleum.com
500 N. Loop 1604 East, Suite 100, San Antonio, Texas 78232
Office: 210.490.4788 Exec/Acctg Fax: 210.490.8816

EX - 99 6 nrcreditfacility . htm ABRAXAS PETROLEUM CORPORATION www.abraxaspetroleum.com Exhibit 99 . 2 NEWS RELEASE Abraxas Executes Commitment Letter for $ 50 million Credit Facility SAN ANTONIO ( May 29 , 2007 ) - Abraxas Petroleum Corporation ( AMEX : ABP ) today announced that it has executed a Commitment Letter with Société Générale for a $ 50 million credit facility . The initial borrowing base is expected to be $ 6.5 million . Abraxas expects to close the credit facility by June 22 , 2007 . " We are pleased to announce that while we will have zero drawn on this facility at closing , it will provide us with financial flexibility going forward " , commented Bob Watson , President and CEO of Abraxas . Abraxas Petroleum Corporation is a San Antonio - based crude oil and natural gas exploration and production company with operations in Texas and Wyoming . FOR MORE INFORMATION CONTACT : Barbara M . Stuckey / Director of Corporate Development Direct Telephone 210 . 757 . 9835 Main Telephone 210 . 490 . 4788 bstuckey@abraxaspetroleum.com www.abraxaspetroleum.com 500 N . Loop 1604 East , Suite 100 , San Antonio , Texas 78232 Office : 210 . 490 . 4788 Exec / Acctg Fax : 210 . 490 . 8816