Sales: Sales: Support: Support:
Academic writing services  
 
Custom written essay Book report Research paper Dissertation Resume and CV Editing and proofreading  
main menu
discounts
discounts
By ordering custom paper you get
  • 24/7 Support
  • Over 100 professional US Writers
  • 300 words per page
  • Flexible discount system
  • FREE revision (within 2 days)
  • Anti-Plagiarism Software Check
we accept
sample essays
Accounting Essays
Admission Essays
Analysis Essays
Art Essays
Biography Essays
Biology Essays
Book Review Essays
Business Essays
Case Studies Essays
Cause and Effect Essays
Character Analysis Essays
Communication Essays
Communication and Media Essays
Compute Technologies Essays
Consideration Essays
Controversial Essays
Description Essays
Economics Essays
Education Essays
Evaluation Essays
Explanation Essays
History Essays
Job Essays
Law Essays
Management Essays
Medicine Essays
Music Essays
Personal Essays
Personal Experience Essays
Persuasive Essays
Persuasive Speech Essays
Philosophy Essays
Political science Essays
Politics Essays
Proposal Essays
Psychology Essays
Reflective Essays
Religion Essays
Research Essays
Response Essays
School Essays
Science Essays
Sociology Essays
Technology Essays
World Literature Essays
Abraxas Petroleum Corporation essay
 
← Travel Security and AccommodationPlanning and Decision Making →

Abraxas Petroleum Corporation. Custom Abraxas Petroleum Corporation Essay Writing Service || Abraxas Petroleum Corporation Essay samples, help

Abraxas Petroleum Corporation enjoys independence as it primarily engages in exploitation, acquisition, production of oil and development in both Canada and United States. Ideally, the corporation has grown through subsequent exploitation and development in the production of properties. As a vital oil development company, the Management strategy and practice plays an important role in achieving its desired goals and objectives. The redevelopment of the old oil field by utilizing the new  available such as reservoir modeling and modern log techniques has enhanced the management to develop its activities.

The company attained a positive net income in the fiscal year 2010. This has been the trend for the past five years. However, no assurance has been provided on the future performance of the company. In an attempt to continue realizing the positive net income, the company has incorporated the key executives to initiate this strategic development. The key executives that spearhead managerial processes enhanced include the CEO and President of the Company, Robert Watson; Chief Financial Officer and Vice President, Barbara Stucke; and Vice President of Operations, William Wallace. These are the key personalities, with the help of the board members, who initiate the strategic planning of the company.

Table 1: Key Executives

Mr. Robert L. G. Watson, 60

Chairman, Chief Executive Officer and President

428.00K

164.00K

Ms. Barbara M. Struckey, 42

Chief Financial Officer and VP

240.00K

0.00

Mr. William H. Wallace, 53

VP of Operations

246.00K

0.00

Dr. Lee T. Billingsley, 58

VP of Exploration

246.00K

34.00K

Mr. George William Krog Jr.

Chief Accounting Officer and Treasurer

N/A

N/A

In addition, these key executives’ management has enhanced the company to effectively plan for its commodity prices and hedging arrangements. Indeed, there have been an increase in the volume of total sales of gas and oils. The management mitigated the level of interest rates that is imposed on the borrowings, and it analyzed the development and exploration of the activities that Abraxas Petroleum Corporation had undertaken and succeeded in its endeavors. The recent volatility of oil and gas prices had rocked the economy in the recent past. However, this has not been attributed by the lower level of petroleum in the society but the inflation that curbed the entire economy.

The CEO of the Company has played a vital role in ensuring that the short-term goal are integrated effectively with the long-term goals in order to realize the success and high profit outlay. In reality, the strategic goals, embodied by strategic managers aims at realizing the long-term objectives of the organization. In line with the initiative undertaken by the Chief Executive Officer, other key players that enhanced the success for the Abraxas Corporations includes the Vice President of Marketing and Vice President of Finance. Integration of the various departments in Abraxas Corporation is a vital component in realizing the objectives of the company. For instance, the Vice President of Marketing ensured that the products for the company were highly marketed, while the Vice President of Finance ensured that the production of the oil and gas was undertaken without any financial implications.

The organization structure embodied by Abraxas Petroleum Corporation is top-down management. The company is a multinational corporation, which operates in various parts of the continent; even outside the continent. Any organization that aims to achieve success global needs to have its headquarters to oversee the operations of its branches; Abraxas Corporation is no exception. In regard to the internal structure, the CEO of the company is the overall decision maker. The decision made is top-down and the CEO, with the selected key executives of the organization, imposes the key strategies to be achieved. They dedicate responsibilities to the sub-ordinates in an attempt to realize the strategic goals with ease.

Abraxas Corporation is organized into departments. In essence, each department has its short-term goals that are integrated by the key executives in order to achieve the strategic goals of the organization. Some of the departments include the fiancé department that is chaired by the Chief Financial Officer, who is also the Vice President for the Company. In addition, there is Operations department that is chaired by the Vice President of Operations. Ideally, departmental management have been perceived to be an effective managerial strategy that enhances an organization to realize its objectives in the long run. It is easy to manage an organization when it is sub-divided into departments. This is because the organization can access the reports of all the departments in order to realize where the organization lagged behind.

Financial Strategy and Practice

Table 2: Income Statement for AXAS in USD

Period Ending

Dec 31, 2010

Dec 31, 2009

Feb 24, 2009

Total Revenue

59,030  

52,750  

100,310  

Cost of Revenue

20,445  

21,179  

27,491  

 

Gross Profit

38,585  

31,571  

72,819  

 
 

Operating Expenses

 

Research Development

-  

-  

-  

 

Selling General and Administrative

14,779  

13,508  

7,127  

 

Non Recurring

4,787  

-  

116,366  

 

Others

16,212  

17,886  

23,343  

   
 

Total Operating Expenses

-  

-  

-  

 
   
   

Operating Income or Loss

2,807  

177  

(74,017)

 
   
 

Income from Continuing Operations

 
 

Total Other Income/Expenses Net

8,459  

(16,066)

19,638  

 
 

Earnings Before Interest And Taxes

10,793  

(15,889)

(54,379)

 
 

Interest Expense

9,106  

11,346  

11,524  

 
 

Income Before Tax

1,687  

(27,235)

(65,903)

 
 

Income Tax Expense

(79)

1,290  

-  

 
 

Minority Interest

-  

9,745  

13,500  

 
   
 

Net Income From Continuing Ops

1,293  

(18,780)

(52,403)

 
   
 

Non-recurring Events

 
 

Discontinued Operations

-  

-  

-  

 
 

Extraordinary Items

-  

-  

-  

 
 

Effect Of Accounting Changes

-  

-  

-  

 
 

Other Items

-  

-  

-  

 
   
   

Net Income

1,766  

(18,780)

(52,403)

 

Preferred Stock And Other Adjustments

-  

-  

-  

 
   

Net Income Applicable To Common Shares

1,766  

(18,780)

(52,403)

 
 

Table 3: The Net Income Statement for the 4-Quarters since Dec 31 2010 to Sep 30, 2011 

Period Ending

Sep 30, 2011

Jun 30, 2011

Mar 31, 2011

Dec 31, 2010

Total Revenue

18,020  

16,953  

14,043  

14,026  

Cost of Revenue

6,024  

5,863  

4,210  

4,939  

 

Gross Profit

11,996  

11,090  

9,833  

9,087  

 
 

Operating Expenses

 

Research Development

-  

-  

-  

-  

 

Selling General and Administrative

3,610  

3,872  

3,900  

3,834  

 

Non Recurring

-  

-  

-  

4,787  

 

Others

4,161  

3,780  

3,430  

3,717  

   
 

Total Operating Expenses

-  

-  

-  

-  

 
   
   

Operating Income or Loss

4,225  

3,438  

2,503  

(3,251)

 
   
 

Income from Continuing Operations

 
 

Total Other Income/Expenses Net

16,297  

6,066  

(11,666)

(8,204)

 
 

Earnings Before Interest And Taxes

21,068  

10,273  

(8,414)

(11,691)

 
 

Interest Expense

983  

1,336  

1,605  

2,249  

 
 

Income Before Tax

20,085  

8,937  

(10,019)

(13,940)

 
 

Income Tax Expense

-  

-  

-  

(79)

 
 

Minority Interest

-  

-  

-  

-  

 
   
 

Net Income From Continuing Ops

20,631  

9,706  

(9,270)

(14,097)

 
   
 

Non-recurring Events

 
 

Discontinued Operations

-  

-  

-  

-  

 
 

Extraordinary Items

-  

-  

-  

-  

 
 

Effect Of Accounting Changes

-  

-  

-  

-  

 
 

Other Items

-  

-  

-  

-  

 
   
   

Net Income

20,085  

8,937  

(10,019)

(13,861)

 

Preferred Stock And Other Adjustments

-  

-  

-  

-  

 
   

Net Income Applicable To Common Shares

20,085  

8,937  

(10,019)

(13,861)

 

The company’s current stock price is $3.61 as on November 30, 2011. As the economy is unstable, the stock price is expected to increase. The overall stock trend has been increasing over the last four-Quarters, and if this trend continues, the AXAS stock price will be at $4 in the next quarter. 

Abraxas Petroleum Corporation. Custom Abraxas Petroleum Corporation Essay Writing Service || Abraxas Petroleum Corporation Essay samples, help

Order Now
Order nowhesitating

Related essays

  1. Planning and Decision Making
  2. Strategic Planning and Management
  3. Travel Security and Accommodation
  4. The New Product Development


order now

 
 
3.6K
1.2K
Order now
Email
Password
 
why choose us
96% of satisfied returning customers
24/7 customer support
A wide range of services
Up-to-date sources
100% privacy guaranteed
MA/PhD writers
Custom written papers only
Free plagiarism report
Free revision (within 2 days)
Free extras by your request
Direct communication with a writer
faq
Are your writers qualified for the custom writing?
How quick can my order be accomplished?
Is it legal to buy custom essays, term papers or book reports from your company?
Are essays offered by your company truly custom-written?
Is it safe to buy from SupremeEssays.com?
How secure is the payment system of your company?
Can I submit custom essays or term papers done by your company as my own?
How can I contact your company if I've got problems with my ordered paper?
testimonials

Finally, I've found the real custom writing service . My grades are saying "Thank you, it's been a pleasure to work with you."

Jamal, South Africa

I can't believe you finished my essay under such a short deadline! You saved me from a disaster once again. You guys deliver exactly what you promise. I'll be back. That's for sure!

William H , Kansas, US

contact us
Toll free for US & Canada only. International callers are charged for outgoing calls.

Our phone numbers:
SupremeEssays.com provides custom term paper writing/rewriting services inclusive of research material for assistance purposes only. The term papers should be used with proper reference and are not meant to replace actual assignments.
 

Get 15% off your first custom essay order

Order now

PRICES
from $12.99/PAGE

X