8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                  July 25, 2005
                Date of Report (Date of earliest event reported)

                          ABRAXAS PETROLEUM CORPORATION
             (Exact name of registrant as specified in its charter)

  Nevada                              0-19118                 74-2584033
 (State or other jurisdiction of    (Commission             (IRS Employer
  incorporation)                     File Number)            Identification No.)


                        500 N. Loop 1604 East, Suite 100
                            San Antonio, Texas 78232
                                 (210) 490-4788

   (Address of principal executive offices and Registrant's telephone number,
                              including area code)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications  pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
    CFR 240.14a-12)

[ ] Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
    Exchange Act (17 CFR 240.13e-4(c))






Item 7.01 Regulation FD Disclosure

         The  information in this Report  (including  Exhibit 99.1) is furnished
pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18
of the Securities  Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of the Section. The information in this Report will not be deemed an
admission  as to the  materiality  of any  information  required to be disclosed
solely to satisfy the requirements of Regulation FD.

         On  July  25,  2005,  Abraxas  Petroleum  Corporation  (the  "Company")
announced in a press release South Texas drilling results and West Texas update.



Item 9.01 Financial Statements and Exhibits

         (c)      Exhibits

                  99.1     Press Release dated July 25, 2005 "Abraxas  Announces
                           South Texas Drilling  Results and Provides West Texas
                           Update"



                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                               Abraxas Petroleum Corporation

                               By: /s/ Chris Williford
                                  -------------------------
                                  Chris Williford
                                  Executive Vice President, Chief Financial
                                  Officer and Treasurer
Dated:  July 25, 2005

EX-99

                                                                    Exhibit 99.1



                         Abraxas Petroleum Corporation
           500 N. Loop 1604 East, Suite 100, San Antonio, Texas 78232
                 P.O. Box 701007, San Antonio, Texas 78270-1007 Office:
                     210.490.4788 Fax: 210.490.8816

                                  NEWS RELEASE

               Abraxas Announces South Texas Drilling Results and
                           Provides West Texas Update


SAN ANTONIO (July 25, 2005) - Abraxas  Petroleum  Corporation  (AMEX:ABP)  today
announced  the results from the third Edwards  horizontal  well drilled in South
Texas this year and provided a West Texas operational update.

The Edwards horizontal well was drilled to a total depth of 15,691', including a
1,311'  lateral.  The well was completed,  recently placed on-line and currently
pipeline  restricted to a gross rate of 2.5 MMcfepd with flowing tubing pressure
of 2,050 psig. Abraxas owns a 100% working interest in this well.

In the Oates SW Field area of West Texas, significant gas shows were encountered
while drilling a Devonian horizontal well to a total depth of 16,022', including
a 2,481' lateral. This well currently awaits completion.  The first well to test
the shallower  Wolfcamp  sands,  has been  successfully  re-entered and awaits a
stimulation crew. Abraxas owns a 100% working interest in both of these wells.

"We are quite  pleased  with the results  from the Edwards  horizontal  drilling
program this year and look forward to definitive results from the Oates SW Field
projects in the near future.  The financing we completed last week should enable
us to  accelerate  our  development  in  Texas  and  Wyoming  even  as we  still
experience  some delays in  obtaining  equipment  and crews.  Continuing  strong
commodity  prices,  additional  liquidity  for  development  needs and a growing
inventory  of exciting  projects  should bode well for all Abraxas  stakeholders
looking forward into 2006," commented Bob Watson, Abraxas' President and CEO.

Abraxas Petroleum  Corporation is a San Antonio-based  crude oil and natural gas
exploitation and production company with operations in Texas and Wyoming.

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'  filing with the Securities
and Exchange Commission during the past 12 months.

FOR MORE INFORMATION CONTACT:
Barbara M. Stuckey/Director of Corporate Development
Direct Telephone 210.757.9835
Main Telephone 210.490.4788
bstuckey@abraxaspetroleum.com
www.abraxaspetroleum.com