Abraxas Petroleum Corporation operates as an independent energy enterprise focused on the full lifecycle of oil and natural gas properties within the United States. Its activities encompass acquiring, exploring, developing, optimizing, and producing these energy assets. The company holds significant oil and gas interests primarily across the Permian/Delaware Basin and the Rocky Mountain regions. As of December 31, 2021, its estimated net proved reserves amounted to 14.8 million barrels of oil equivalent. Founded in 1977, Abraxas Petroleum maintains its corporate headquarters in San Antonio, Texas.