Abraxas Petroleum Corporation

Company Overview

Abraxas Petroleum Corporation (Abraxas) is an US based independent oil and gas company. It principally engages in the exploitation, and production of crude oil and natural gas. The company’s strategy is focused on increasing shareholder value, maintaining financial flexibility and liquidity. It has grown through the acquisition and subsequent development and exploitation of producing properties utilizing new technologies such as modern log analysis, 3-D seismic surveys, reservoir modeling techniques and horizontal drilling . The company concentrates on developing its existing asset base while acquiring leases that fit strategically within its current portfolio. Abraxas targets conventional reservoirs, as well as emerging resource plays, in its primary operating areas in the Rocky Mountain, Mid-Continent and Permian Basin / Texas Gulf Coast Basin. The company was incorporated in the year 1977 and is headquartered in Texas, the US.

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