Abraxas Petroleum Corporation · San Antonio, TX United States ·(NASDAQ (CM): AXAS)

Abraxas is a mythical Gnostic symbol that represents the number 365 in Greek, and Abraxas Petroleum is working hard as a 365-days-a-year oil and gas company. The independent energy company is engaged in natural gas and crude oil exploration, development, and production. It operates primarily in Texas (along the Gulf Coast and in the Permian Basin), the Rocky Mountains, and the Mid-Continent, and in 2008 the company reported estimated proved reserves of 108.4 billion cu. ft. of natural gas and 7 million barrels of oil. Abraxas Petroleum also owns interests in more than 160,100 net acres, primarily in mature fields and in more than 1,800 producing wells. To read the full description, subscribe now.