| 02.25.10 | PXP Announces 2009 Fourth Quarter & Full-Year Results| Please click here for PDF version of this release.
HOUSTON, Feb 25, 2010 /PRNewswire via COMTEX/ -- Plains Exploration & Production Company (NYSE: PXP) ("PXP" or the "Company") announces 2009 fourth quarter and full-year financial and operating results, and updates its 2010 full-year guidance.
FINANCIAL HIGHLIGHTS
For the fourth quarter, revenues of $367.7 million generated $48.1 million of net income, or $0.34 per diluted share. These results include certain items affecting compara... |
| | 01.26.10 | PXP Announces 2009 Operational Results: Reports 23% Increase in Total Proved Reserves and 320% Reserve Replacement Ratio| Please click here for PDF version of this release.
HIGHLIGHTS:
Proved reserves increased 23% during 2009 to 359.5 million barrels of oil equivalent (BOE).
Full-year average daily sales volumes of 82.7 thousand BOE increased 8% compared to 2008, excluding the impact of our 2008 divestments. Fourth quarter average daily sales volumes increased 4% to 86.4 thousand BOE from the third quarter 2009.
In the Gulf of Mexico, two significant exploration discoveries, Lucius and Davy Jones, ... |
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