Abraxas to Present at the 23rd Annual Oil & Gas Investment Symposium (OGIS) and Participate in the NASDAQ Opening Bell Ceremony

Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) announced today that it will be presenting at the 23rd Annual Oil & Gas Investment Symposium (OGIS) in New York City at the Sheraton Times Square Hotel at 3:05PM EDT/ 2:05PM CDT on April 3, 2017. Bob Watson, President and CEO, and Geoff King, Vice President and CFO, will be presenting, as well as meeting with investors. A live webcast of the presentation can be accessed under the “Investor Relations” portion of the Company’s website at www.abraxaspetroleum.com.

Mr. Watson and Mr. King will also be participating in the NASDAQ Opening Bell Ceremony on April 4, 2017 at 9:30AM EDT.

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.

The Independent Petroleum Association of America (IPAA) is a national upstream trade association representing thousands of independent oil and natural gas producers and service companies across the United States for more than 85 years. Independent producers develop 90 percent of the nation’s oil and natural gas wells. These companies account for 54 percent of America’s oil production, 85 percent of its natural gas production, and support over 2.1 million American jobs. Headquartered in Washington, D.C., IPAA serves as an informed voice for the exploration and production segment of the industry and advocates its members’ views before the United States Congress, the Administration, and federal agencies. Learn more about IPAA by visiting www.ipaa.org and following @IPAAaccess on Twitter.

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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