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Abraxas Petroleum Corporation (NASDAQ: AXAS) Q3 2017 Earnings Conference Call November 9, 2017 AM ET Executives Bob Watson – President and CEO Geoff King – Chief Financial Officer Analysts Will Green – Stephens Ron Mills – Johnson Rice John Aschenbeck – Seaport Global Joel Musante – Euro Pacific Capital Josh Young – Young Capital Operator Good day, ladies and gentlemen, thank you for your patience, you have joined the Q3 2017 Abraxas Petroleum Earnings Conference Call.
[Operator Instructions] As a reminder, this conference may be recorded.
We also expressed our opinions about the severity of a hiccup.
I just returned last night from a very well attended conference where I had numerous meetings and I was somewhat frustrated when people really didn't want to discuss our EBITDA beat but instead they wanted to know about our relatively insignificant mechanical issue during one of our Delaware Fracs. Defective pipe, maybe it was damaged during drilling. But as a consequence, we shut down the frac on that well but we continued to frac the second well on the pad and when that frac was finished, we released the frac's spread instead of paying expenses standby time while we remediated the failed casing.
Growth is very important to us and we will continue to grow production and very profitably I might add in the future.I'd like to remind everyone that any statements made during this call that are not statements of historical facts are considered forward-looking statements, and actual results could vary materially from those contained in these statements.Factors that could cause our actual results to vary are described in our filings with the Securities and Exchange Commission. Our focus at Abraxas has always been and will continue to be financial returns as evidenced by our EBITDA beaten in the third quarter.It will now like to turn the call over to your host, Chief Financial Officer, Geoff King. Geoff King Thank you, and welcome to the Abraxas Petroleum Third Quarter 2017 Earnings Conference Call.Bob Watson, President and CEO of Abraxas, joins me today.
The rig move from a two well pad in our Caprito 82 lease, 1 Bone, third Bone Springs test and one Wolfcamp A1 test and fracs on these wells are scheduled to start next week, with an anticipated flowback start in December.