Friday, May 25, 2007

Abraxas forms master limited partnership; shares jump

(Reuters) - MLPs don't have to pay corporate taxes as most of their profits are paid out to unitholders.




The company said assets contributed to the partnership had estimated proved reserves of about 65 billion cubic feet equivalent and currently account for about 85 percent of Abraxas' daily production.


Read more at Reuters.com Hot Stocks News

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