C. Scott Bartlett, a director of the company since 1999, has informed Abraxas Petroleum Corp. that he will retire as a director of the company effective immediately following the 2013 Annual Meeting. Pursuant to the settlement agreement, Katherine T. Richard will fill the vacancy created by Mr. Bartlett's retirement.

Katherine Taaffe Richard, 30, is the Founder and current Chief Executive Officer of Warwick Energy Group, an oil and gas company focused on conventional and unconventional development and exploration in the United States.