Sec Form 3 Filing - ANGELO GORDON & CO., L.P. @ ABRAXAS PETROLEUM CORP - 2020-08-11

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ANGELO GORDON & CO., L.P. 2. Issuer Name and Ticker or Trading Symbol ABRAXAS PETROLEUM CORP [ AXAS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENUE, 26TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 08/11/2020 (Street) NEW YORK, NY10167 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Warrant (right to buy) $ 0.01 08/11/2020 ( 1 ) Common Stock 33,445,792 I See Footnote ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ANGELO GORDON & CO., L.P. C/O ANGELO, GORDON & CO., L.P. 245 PARK AVENUE, 26TH FLOOR NEW YORK, NY10167 X X AG Energy Funding, LLC C/O ANGELO, GORDON & CO., L.P. 245 PARK AVENUE, 26TH FLOOR NEW YORK, NY10167 X X AG PARTNERS LP C/O ANGELO, GORDON & CO., L.P. 245 PARK AVENUE, 26TH FLOOR NEW YORK, NY10167 X X JAMG LLC C/O ANGELO, GORDON & CO., L.P. 245 PARK AVENUE, 26TH FLOOR NEW YORK, NY10167 X X GORDON MICHAEL L C/O ANGELO, GORDON & CO., L.P. 245 PARK AVENUE, 26TH FLOOR NEW YORK, NY10167 X X Signatures /s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC, Managing Member of AG Partners, LLC, General Partner of Angelo, Gordon & Co., L.P., Manager of AG Funding, LLC 08/21/2020 Signature of Reporting Person Date /s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC, Managing Member of AG Partners, LLC, General Partner of Angelo, Gordon & Co., L.P. 08/21/2020 Signature of Reporting Person Date /s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC, Managing Member of AG Partners, LLC 08/21/2020 Signature of Reporting Person Date /s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC 08/21/2020 Signature of Reporting Person Date /s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon 08/21/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The warrant is exercisable until the earlier of August 11, 2025 and the date that is two years after the first date in which the Obligations (as defined in the Tem Loan Credit Agreement, dated as of November 13, 2019, among Abraxas Petroleum Corporation, the lenders party thereto from time to time and Angelo Gordon Energy Servicer, LLC, as amended, supplemented, restated or otherwise modified from time to time) has been paid in full in cash. ( 2 )These securities are held directly by AG Energy Funding, LLC ("AG Energy Funding") for which Angelo, Gordon & Co, L.P. ("Angelo Gordon") is the manager. Michael L. Gordon is the managing member of JAMG LLC ("JAMG"), which is the managing member of AG Partners, LLC ("AG Partners"), which is the sole general partner of Angelo Gordon and Mr. Gordon is the chief executive officer of Angelo Gordon. Each of Mr. Gordon, JAMG and AG Partners may be deemed to control Angelo Gordon. Each of Angelo Gordon, AG Partners, JAMG and Michael L. Gordon disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein and this report shall not be deemed to be an admission that any of Angelo Gordon, AG Partners, JAMG or Michael L. Gordon is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Remarks: Todd Dittmann, a managing director of AG Energy Funding, LLC ("AG Energy Funding") and a member of AG Energy Funding's executive committee, is a member of the Board of Directors of Abraxas Petroleum Corporation (the "Issuer"). For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, AG Energy Funding, Angelo Gordon & Co., L.P., AG Partners, LLC, JAMG LLC and Michael L. Gordon may be deemed to be directors by deputization of the Issuer due to their relationship with Mr. Dittmann.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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