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

                                 February 8, 2006
                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  Exhibits  99.1 and  99.2) 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  February  6,  2006,  Abraxas  Petroleum   Corporation  (the  "Company")
announced in a press release an operational  update and IPAA Small Cap Oil & Gas
Symposium Presentation Details.

     The  Company's  CEO,  Robert L.G.  Watson.,  will be presenting at the IPAA
Small Cap Oil & Gas  Investment  Symposium in  Hollywood  Florida on February 8,
2006. Attached as Exhibit 99.2 are materials that Mr. Watson will present.



Item 9.01 Financial Statements and Exhibits

         (c)      Exhibits

                  99.1     Press  Release   dated   February  6,  2006  "Abraxas
                           Provides  Operational Update and IPAA Small Cap Oil &
                           Gas  Symposium  Presentation  Details"

                  99.2     Slide Presentation



                                   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:  February 8, 2006