Abraxas Petroleum Corporation (NasdaqCM:AXAS) continues to market company's remaining assets in Powder river basin. Abraxas Petroleum says Abraxas permitted and plans to spud a two well pad in Caprito 98-201H and Caprito 98-301H in February, 2017. Abraxas Petroleum says recently received a termination notice from potential buyer of company's hudgins ranch property in Pecos County, Texas. Abraxas Petroleum Corp says did retain 50% of survey fees associated with terminated sale. Abraxas Petroleum Corp says is currently remarketing property and is in discussions with several potential buyers. Abraxas Petroleum continues to explore opportunities to expand existing position in Caprito.