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Home > Company Index > Energy > Oil & Gas Exploration & Production > Abraxas Petroleum Corporation

Abraxas Petroleum Corporation
AMEX: ABP
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 PROFILE
A brackish substance called oil is good for Abraxas Petroleum, but natural gas is even better. An independent energy company engaged in natural gas and crude oil exploration, development, and production, primarily in western Canada, Texas (along the Gulf Coast and in the Permian Basin), and Wyoming, Abraxas has proved reserves of 244 billion cu. ft. of gas equivalent. The company also owns interests in 13 natural gas-processing plants in Canada. Abraxas holds interests in more than 900 producing oil and gas wells. The company has sold some of its Wyoming assets and is focusing on producing natural gas and developing its Canadian assets. It owns 49% of Canadian firm Grey Wolf Exploration and plans to buy the rest.

 COMPETITION
Alberta Energy Company Ltd. (AOG)
Exxon Mobil Corporation (XOM)
Texaco Inc. (TX)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 76.60
1-Yr. Sales Growth: 14.7%
Employees: 47
Revenue per employee: $1,629,787.23

 KEY PEOPLE
• Robert L. G. Watson
    CEO
• Chris E. Williford
    CFO

 CONTACT INFO
500 N. Loop 1604 E., Ste. 100
San Antonio, TX 78232
US
Phone: 210-490-4788
Fax: 210-490-8816
Online: Web Site

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