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Abraxas Petroleum CFO to step down

Texas-based crude oil and natural gas driller Abraxas Petroleum Corp. said June 7 that Vice President and CFO Geoffrey King submitted his resignation on June 4 to pursue another opportunity in the financial sector.

King will continue to serve as the company's CFO until June 26.

Chief Accounting Officer Bill Krog will serve as the principal financial and accounting officer for the interim period.