Plains Exploration & Production

Plains Exploration & Production was an American petroleum company based in Houston, Texas.

Plains Exploration & Production was an American petroleum company based in Houston, Texas. A spin-off from Plains Resources, Inc., the company was founded in 2002. Its operations, as of 2009, were all in North America, including California, Texas, Louisiana, Wyoming, and offshore of California and in the Gulf of Mexico. The company reported proved reserves of 292 million barrels of oil equivalent (BOE) at the end of 2008, with a potential total of over 2.2 billion BOE. In 2007, it was the fourth-largest oil producer in California (behind Chevron Corp., Aera Energy, and Occidental Petroleum). It was acquired by Freeport-McMoRan in May 2013.