Ownership Submission
FORM 4
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 OF SECURITIES

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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Bommer Peter A.
   2. Issuer Name and Ticker or Trading Symbol
ABRAXAS PETROLEUM CORP [AXAS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP - Engineering
(Last)
(First)
(Middle)
18803 MEISNER DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
03/03/2015
(Street)

SAN ANTONIO, TX 78258		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Abraxas Petroleum Corp Common Stock               270,462 D  
Abraxas Petroleum Common Stock 03/06/2015   (1) P   2,787 (1) A $ 3.201 22,568 I 401-K

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)		 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
Employee Stock Option $ 3.16 03/03/2015   A   200,000   03/03/2016(2) 03/03/2025 Abraxas Petroleum Common Stock 200,000 $ 3.16 200,000 D  
Employee Stock Option $ 3.15             03/11/2015 03/11/2024 Abraxas Petroleum Common Stock 25,000   25,000 D  
Employee Stock Option $ 2.39             05/14/2014 05/14/2023 Abraxas Petroleum Common Stock 23,500   23,500 D  
Employee Stock Option $ 3.74             03/08/2013 03/08/2022 Abraxas Petroleum Common Stock 10,500   10,500 D  
Employee Stock Option $ 3.55             08/09/2012 08/09/2021 Abraxas Petroleum Common Stock 25,000   25,000 D  
Employee Stock Option $ 4.72             03/15/2012 03/15/2021 Abraxas Petroleum Common Stock 15,000   15,000 D  
Employee Stock Option $ 2.09             03/16/2011 03/16/2020 Abraxas Petroleum Common Stock 35,900   35,900 D  
Employee Stock Option $ 1.75             10/05/2010 10/05/2019 Abraxas Petroleum Common Stock 31,875   31,875 D  
Employee Stock Option $ 0.99             03/17/2010 03/17/2019 Abraxas Petroleum Common Stock 7,500   7,500 D  
Employee Stock Option $ 3.61             09/05/2008 09/05/2017 Abraxas Petroleum Common Stock 5,000   5,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Bommer Peter A.
18803 MEISNER DRIVE
SAN ANTONIO, TX 78258		       VP - Engineering  

Signatures

 Peter A. Bommer   03/09/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Employer match to 401-K for the year ended December 31, 2014.
(2) Options vest at 25% per year beginning one year from date of grant.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.