Current PXP Stock Info

In two separate transactions, Plains Exploration and Production (ticker: PXP) purchased approximately 67,000 BOEPD (combined 84% oil and NGLs) of Gulf of Mexico production for $6.1 billion. The largest chunk, 59,500 BOEPD, was purchased for $5.5 billion from BP (ticker: BP). The remaining 7,400 BOEPD was purchased from Shell (ticker: RDS.B) for $560 million.

PXP News Release
BP News Release
RDS.B News Release

OAG360 Comments:

During Q2’12, PXP reported sales volumes of approximately 59.8 barrels of oil and NGLs. Pro forma today’s announcem...

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