Abraxas Petroleum (AXAS -1.4%) agrees to sell its 25% working interest at the Nordheim Project...

|About: Abraxas Petroleum Corporation (AXAS)|By:, SA News Editor

Abraxas Petroleum (AXAS -1.4%) agrees to sell its 25% working interest at the Nordheim Project in the Eagle Ford shale to a large institutional buyer for ~$20M, the start of what the company hopes to be "an active and profitable campaign of divesting non-core assets."