Porter Hedges Represents Seaport Global Securities in $69M Common Stock Offering by Abraxas Petroleum

Porter Hedges LLP represented Seaport Global Securities LLC (Seaport Global) as joint-book-running manager for an underwritten public offering for Abraxas Petroleum Corporation (NASDAQ: AXAS) of 28,750,000 shares of its common stock at a public offering price of $2.40 per share.

Seaport Global is a full-service, mid-sized independent investment bank that offers capital markets advisory, sales, trading and research services. Seaport Global is headquartered in New York and New Orleans with offices across the US and in Europe.

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.

Canaccord Genuity Inc. and Stephens Inc. also acted as joint book-running managers for the offering.