An unknown buyer agreed to acquire Brooks Draw Assets from Abraxas Petroleum Corp. (NasdaqCM:AXAS) for $11.3 million on November 8, 2016. The deal is subject to standard closing adjustments and purchase price adjustments. Closing is scheduled for December 15, 2016. Abraxas intends to use the proceeds to reduce borrowings. An unknown buyer completed the acquisition of Brooks Draw Assets from Abraxas Petroleum Corp. (NasdaqCM:AXAS) for $11.1 million on January 3, 2017.