EX-99 3 caringtonexhibit99.txt 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 Exec/Acctg Fax: 210.490.8816 NEWS RELEASE Abraxas Announces Officer Resignation SAN ANTONIO (Oct. 17, 2005) - Abraxas Petroleum Corporation (AMEX:ABP) announced today that Robert W. Carington, Jr. has resigned from his position as Executive Vice President, effective immediately, to pursue other opportunities. Commenting on the resignation, Abraxas' President and Chief Executive Officer, Bob Watson said, "I want to acknowledge Robert's contributions to Abraxas during his seven-year tenure which included a number of complex restructurings and financings. On behalf of the entire Abraxas family, we wish him well in his future endeavors." Abraxas Petroleum Corporation is a San Antonio-based crude oil and natural gas exploitation and production company with operations in Texas and Wyoming. 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