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Morning Alert for Plains Exploration & Production Co.
0 Comments | M2 Presswire, November, 2006
M2 PRESSWIRE-8 November 2006-Oil and Gas News: Morning Alert for Plains Exploration & Production Co.(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:08112006 Plains Exploration (NYSE:PXP) and Production has ventured beyond the plains to explore for oil and gas. A former subsidiary of Plains Resources, the company targets offshore fields as well as onshore areas for acquiring, developing, and producing oil and gas.
It operates primarily in the Los Angeles and San Joaquin Basins of California, the Santa Maria Basin offshore California, the Gulf Coast Basin of Louisiana, the East Texas Basin, and the Permian Basin. Plains Exploration and Production has estimated proved reserves of 401 million barrels of oil equivalent. In 2006 the company agreed to buy Stone Energy...
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