| Business Summary | | Abraxas
Petroleum
Corporation
is
an
independent
energy
company
engaged
primarily
in
the
acquisition,
exploration,
exploitation
and
production
of
crude
oil
and
natural
gas.
The
Company's
principal
areas
of
operation
are
Texas
and
western
Canada.
At
December
31,
2000,
estimated
total
proved
reserves
of
Abraxas,
the
Company's
wholly
owned
subsidiary,
Canadian
Abraxas
Petroleum
Limited,
and
the
Company's
49%-owned
subsidiary,
Grey
Wolf
Exploration
Inc.,
were
244.4
Bcfe. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ABP
is
an
independent
energy
Co.
engaged
in
the
exploration
for
and
the
acquisition,
development
and
production
of
crude
oil
and
natural
gas
primarily
along
the
Texas
Gulf
Coast
and
in
the
Permian
Basin
of
TX,
WY
and
Canada.
For
the
six
months
ended
6/01,
sales
rose
52%
to
$50.2
million.
Net
loss
before
extraordinary
item
totaled
$1
million,
vs.
an
income
of
$20.4
million.
Results
reflect
higher
average
sale
price
of
oil
and
gas,
offset
by
the
absence
of
a
$34
million
gain
on
the
sale
of
equity
interest. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Robert Watson, 49 Chairman,
Pres, Chief Exec. Officer | $303K | Chris Williford, 48 Exec.
VP, CFO, Treasurer | 182K | Robert Carington, Jr., 37 Exec.
VP | 243K | William Wallace VP-Operations | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|