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Abraxas Petroleum and Chevron ramp up domestic operations


Published Dec 7, 2011
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Chevron - Tahiti Field

Abraxas Petroleum And Chevron Corporation Ramp Up oil and gas drilling operations in the Gulf of Mexico remains slow this year. Burdened by slow permitting and steep regulation, the number of active rigs in the Gulf is currently 37 percent less than before last year's Deepwater Horizon disaster, a study by Quest Offshore Resources shows.

Recent measures taken by the Obama Administration look to boost activity in the Gulf region. However the Administration's plan falls far short of what the oil industry and its Congressional supporters demanded.

The Paragon Report examines the outlook for companies in the Oil and Gas sector and provides equity research on Abraxas Petroleum Corporation and Chevron Corporation.

Tags: Abraxas Petroleum Corporation, Chevron Corporation




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