Abraxas is a mythical Gnostic symbol that represents the number 365 in Greek, and Abraxas Petroleum is working hard as a 365-day-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) and in Wyoming, and in 2007 it reported estimated proved reserves of 106.8 billion cu. ft. of natural gas equivalent. Abraxas also owns interests in 104,205 gross acres (80,281 net acres) primarily in mature fields.
Sector: Basic Materials
Industry: Energy