Abraxas Petroleum Corporation

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The Abraxas Petroleum Corporation, located in San Antonio, is a public company that specializes in the production and extraction of natural gas and crude oil. Founded in 1977, the company employs professional personnel and utilizes advanced technology methods. The company operates in various regions, such as western Texas, southern Texas and Wyoming. Its operations in Wyoming are concentrated in the southern Powder River Basin, a major coal producing region of the United States. The Abraxas Petroleum Corporation also serves the counties of Converse and Niobrara in east-central Wyoming. The Powder River Basin has oil source rocks that produce millions of barrels of oil from multiple reservoirs, such as sandstones and oil-generating shales. Additionally, it has acquired the Brooks Draw Field in Wyoming where it has drilled horizontal and vertical wells to produce more than 150 barrels of oil per day. The Abraxas Petroleum Corporation s operations in West Texas are concentrated in the Delaware Basin and Eastern Shelf that comprise multiple gas fields and productive formations.