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Shareholder Alert for Plains Exploration & Production Co.
0 Comments | M2 Presswire, April, 2007
M2 PRESSWIRE-23 April 2007-Oil and Gas News: Shareholder Alert for Plains Exploration & Production Co.(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:23042007 Plains Exploration 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 351.7 million barrels of oil equivalent. In 2006 the company agreed to buy Stone Energy for $1.5...
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