Abraxas Petroleum Corporation (NASDAQ: AXAS) is a publicly traded independent exploration and production company founded in 1977 and based in San Antonio, Texas.
Abraxas' business model focuses on assets with:
- High working interest
- Operational & infrastructure control
- Low geologic risk
- Strong full cycle ROR
- Low risk exploitable upside using the company's proven operating expertise
Abraxas focuses primarily on the development of conventional and unconventional resources in its primary operating areas in the Rocky Mountains, South Texas, Powder River Basin and Permian Basin.