We present analysis of a second observation of the young planetary nebula ( PN ) NGC 7027 by the Chandra X-ray Observatory . This latest 59.2 ks exposure with ACIS-S was acquired approximately 14 years after the initial 18.2 ks ACIS-S observation , and the improved photon statistics allow us to perform a detailed spatial and spectral analysis of the X-ray emission . Comparison with multiwavelength imaging of NGC 7027 reveals a strong anti-correlation between extinction across the nebula and the soft band X-ray emission . Dissecting the X-ray emission into low- and high-extinction regions results in more robust characterization of the plasma spectral properties . We determine that the X-ray emitting plasma has a temperature of \sim 3.6 MK , is deficient in Fe , and has an X-ray luminosity of L _ { X } \sim 7 \times 10 ^ { 31 } { ~ { } erg~ { } s } ^ { -1 } , all of which are generally consistent with the plasma properties found in PN hot bubbles . We find no evidence of evolution in the X-ray surface brightness over the 14 year baseline between CXO observations . Our analysis underscores the importance of accounting for nebular absorption of the X-ray emission in accurately determining plasma properties for hot bubbles within PNe .