Plains Exploration and Production Co.

Public Company, Headquarters Location
700 Milam St., Ste. 3100, Houston, TX 77002-2764, United States
(800)934-6083, (713)579-6000, (713)579-6611 fax, http://www.plainsxp.com

Primary SIC: Crude Petroleum And Natural Gas, Primary NAICS: Crude Petroleum and Natural Gas Extraction
Description: Founded in 2002 and traded on the New York Stock Exchange, Plains Exploration and Production Co. is an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas properties primarily in the United States. The company owns oil and gas properties with principal operations in: onshore California; offshore California; the Gulf of Mexico; the Gulf Coast Region; the Mid-Continent Region; and the Rocky Mountains. The company assets in its principal focus areas include mature properties with long-lived reserves and significant development opportunities, as well as newer properties with development and exploration potential. Additionally, Plains Exploration and Production also has an interest in an exploration prospect offshore Vietnam. At the end of 2008, the company had estimated proved reserves of 292.1 million barrels of oil equivalent, of which 61 percent was comprised of oil and 72 percent was proved developed. The company has a total proved reserve life of approximately 10 years and a proved developed reserve life of approximately seven years. The company's headquarters is located in Houston, Texas.Mining: Acquiring, developing and producing oil and gas.