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	<title>Stock Blog Hub &#187; Plains Exploration &amp; Production Company</title>
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	<description>Start Your Investing Research Here!</description>
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		<title>(FTI) FMC Technologies and Anadarko Sign Service Deal</title>
		<link>http://www.stockbloghub.com/2012/01/18/fti-fmc-technologies-and-anadarko-sign-service-deal/90398</link>
		<comments>http://www.stockbloghub.com/2012/01/18/fti-fmc-technologies-and-anadarko-sign-service-deal/90398#comments</comments>
		<pubDate>Wed, 18 Jan 2012 20:42:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APA]]></category>
		<category><![CDATA[Apache Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[FMC Technologies Inc.]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90398</guid>
		<description><![CDATA[Oil drilling equipment maker  FMC Technologies Inc. (FTI) inked a deal with Anadarko Petroleum Corporation (APC), whereby it will render subsea systems and life-of-field services to the latter. None of the parties disclosed the financial terms of the agreement. The Woodlands-based exploration and production company Anadarko will utilize the services for the development of the Lucius project in the Gulf of Mexico. The field is located in water depth of approximately 7,100 feet and about 275 miles to the southeast of Galveston in Keathley Canyon Block 875. Discovered in 2009, Lucius field is operated by Anadarko with a 35% interest. The co-partners in the project are Plains Exploration &#38; Production Company (PXP) (23.3%), Exxon Mobil Corporation (XOM) (15%), Apache Deepwater LLC, a subsidiary of Apache Corporation (APA) (11.7%), Petrobras (PBR) ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(APC) Anadarko Petroleum Hits Another Gas Find</title>
		<link>http://www.stockbloghub.com/2012/01/18/apc-anadarko-petroleum-hits-another-gas-find/90382</link>
		<comments>http://www.stockbloghub.com/2012/01/18/apc-anadarko-petroleum-hits-another-gas-find/90382#comments</comments>
		<pubDate>Wed, 18 Jan 2012 20:40:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APA]]></category>
		<category><![CDATA[Apache Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90382</guid>
		<description><![CDATA[Independent oil and gas producer Anadarko Petroleum Corporation (APC) made another discovery off the coast of Mozambique. This new find to a large extent substantiated the company’s projection that the Offshore Area 1 of Mozambique&#8217;s Rovuma Basin at the Lagosta prospect has 15 -30 trillion cubic feet (Tcf) of recoverable natural gas. The exploration well Lagosta-2, drilled at a total depth of approximately 14,223 feet (4,335 meters), encountered about 4,813 feet (1,467 meters) of water. Anadarko has already mobilized another drillship in the area to spur exploration activity. Anadarko has been operating in Mozambique with drilling success in Lagosta and Camarão. The new find is located 4.4 miles (7 kilometers) north of the Lagosta discovery and 5.3 miles (8.5 kilometers) south of the Camarão well. The drilling well has encountered ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/18/apc-anadarko-petroleum-hits-another-gas-find/90382/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EPD) Enterprise Products Partners and Genesis Energy Sign Pipeline Plan</title>
		<link>http://www.stockbloghub.com/2012/01/08/epd-enterprise-products-partners-and-genesis-energy-sign-pipeline-plan/89863</link>
		<comments>http://www.stockbloghub.com/2012/01/08/epd-enterprise-products-partners-and-genesis-energy-sign-pipeline-plan/89863#comments</comments>
		<pubDate>Mon, 09 Jan 2012 04:45:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APA]]></category>
		<category><![CDATA[Apache Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Enterprise Products Partners Lp]]></category>
		<category><![CDATA[EPD]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[GEL]]></category>
		<category><![CDATA[Genesis Energy LP]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=89863</guid>
		<description><![CDATA[Enterprise Products Partners L.P. (EPD) and Genesis Energy L.P. (GEL) have inked a construction agreement for a crude oil gathering pipeline to serve the Lucius development area in the Gulf of Mexico. Southeast Keathley Canyon Pipeline Company LLC (“SEKCO”) &#8211; a 50:50 joint venture between Enterprise and Genesis, will be the owner and responsible for the construction. Enterprise and Genesis have executed the crude oil transportation agreement with a group of six producer companies consisting of Anadarko Petroleum Corporation (APC), Apache Corp. (APA), ExxonMobil Corp. (XOM), Eni SpA (E), Petroleo Brasileiro (PBR), and Plains Exploration &#38; Production Company (PXP). The 149-mile SEKCO pipeline, capable of carrying 115,000 barrels per day (bpd), will link the Lucius-truss spar floating production platform to an existing junction platform at South Marsh Island 205 that forms part of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/08/epd-enterprise-products-partners-and-genesis-energy-sign-pipeline-plan/89863/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>(PXP) Plains Exploration &amp; Production Posts Strong 2011 First Quarter</title>
		<link>http://www.stockbloghub.com/2011/05/06/pxp-plains-exploration-production-posts-strong-2011-first-quarter/73552</link>
		<comments>http://www.stockbloghub.com/2011/05/06/pxp-plains-exploration-production-posts-strong-2011-first-quarter/73552#comments</comments>
		<pubDate>Fri, 06 May 2011 22:29:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[Pioneer Natural Resources Company]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXD]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=73552</guid>
		<description><![CDATA[Plains Exploration &#38; Production Co. (PXP) posted first-quarter 2011 operating earnings of 37 cents per share, beating the Zacks Consensus Estimate of 33 cents and the year-ago profit of 31 cents. The company’s outperformance in the quarter was driven by higher crude oil production levels and better price realizations. Operating Results Net revenues of $430.3 million grew 5.2% from the Zacks Consensus Estimate of $409 million. Also, revenues grew 12% from $384.1 million a year-ago, on robust sales volumes and commodity prices. Strong drilling results in the Granite Wash, Haynesville, California and South Texas Eagle Ford accounted for the volume growth during the quarter. In the first quarter, Oil Sales accounted for approximately 77% of the quarter’s revenues, Gas Sales represented 22% of revenues, while other operating revenues made up ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/05/06/pxp-plains-exploration-production-posts-strong-2011-first-quarter/73552/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(VE) Veolia Environnement S.A. to Recycle Water for Plains Exploration &amp; Production</title>
		<link>http://www.stockbloghub.com/2011/04/14/ve-veolia-environnement-s-a-to-recycle-water-for-plains-exploration-production/71570</link>
		<comments>http://www.stockbloghub.com/2011/04/14/ve-veolia-environnement-s-a-to-recycle-water-for-plains-exploration-production/71570#comments</comments>
		<pubDate>Thu, 14 Apr 2011 16:21:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Foreign Utilities]]></category>
		<category><![CDATA[Utilities]]></category>
		<category><![CDATA[Connecticut Water Service Inc.]]></category>
		<category><![CDATA[CTWS]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>
		<category><![CDATA[VE]]></category>
		<category><![CDATA[Veolia Environnement SA]]></category>
		<category><![CDATA[York Water Company]]></category>
		<category><![CDATA[YORW]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71570</guid>
		<description><![CDATA[Veolia Water, the water division of Veolia Environnement S.A. (VE), has been selected to design, build and operate a 45,000 barrel- per-day (Bbls/d) produced water reclamation facility in California for Plains Exploration &#38; Production Company (PXP). Located in Plains’ Arroyo Grande Oilfield in San Luis Obispo County, California, the facility will be supervised by Veolia Water under a 12-year performance agreement. Per the agreement, Veolia Water will provide operations and maintenance services and performance guarantees on a fixed-fee basis to ensure design performance and high-quality recycled water. Veolia plans to install Veolia Water’s OPUS II technology to supply high-quality water in the treatment system. Veolia said the treatment process will produce water that meets or exceeds state and federal permit requirements. This treated water at the Arroyo Grande facility will ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/14/ve-veolia-environnement-s-a-to-recycle-water-for-plains-exploration-production/71570/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PXP) Plains Exploration &amp; Production&#8217;s Quarterly Report Misses Expectations</title>
		<link>http://www.stockbloghub.com/2011/02/25/pxp-plains-exploration-productions-quarterly-report-misses-expectations/67591</link>
		<comments>http://www.stockbloghub.com/2011/02/25/pxp-plains-exploration-productions-quarterly-report-misses-expectations/67591#comments</comments>
		<pubDate>Fri, 25 Feb 2011 19:07:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[BlackRock Global Opportunities Equity Trust]]></category>
		<category><![CDATA[BOE]]></category>
		<category><![CDATA[Contango Oil & Gas Company]]></category>
		<category><![CDATA[MCF]]></category>
		<category><![CDATA[Pioneer Natural Resources Company]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXD]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67591</guid>
		<description><![CDATA[Plains Exploration &#38; Production Co. (PXP) posted fourth-quarter earnings of 20 cents per share, missing the Zacks Consensus Estimate of 30 cents and the year-ago profit of 61 cents. The company’s full-year 2010 earnings of $1.06 per share were also below the Zacks Estimate of $1.15. Annual results of the company also came in below last year’s earnings of $1.98. Operating Results Net revenues of $408.1 million grew 3.8% (positive surprise) from the Zacks Consensus Estimate of $393 million. Also, revenue grew 11% from $367.7 million a year-ago, driven primarily by higher commodity prices and higher sales volumes. Strong drilling results in the Granite Wash, Haynesville, California and South Texas Eagle Ford accounted for the volume growth during the quarter. Revenue for the full-year totaled $1.54 billion, marginally exceeding the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/02/25/pxp-plains-exploration-productions-quarterly-report-misses-expectations/67591/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PXP) Plains Exploration &amp; Production Company Advances Plans</title>
		<link>http://www.stockbloghub.com/2010/12/22/pxp-plains-exploration-production-company-advances-plans/61479</link>
		<comments>http://www.stockbloghub.com/2010/12/22/pxp-plains-exploration-production-company-advances-plans/61479#comments</comments>
		<pubDate>Thu, 23 Dec 2010 01:33:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[McMoRan Exploration Company]]></category>
		<category><![CDATA[MMR]]></category>
		<category><![CDATA[Pioneer Natural Resources Company]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXD]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=61479</guid>
		<description><![CDATA[Plains Exploration &#38; Production Company (PXP) has updated its natural gas derivative positions for 2011 and 2012 and also provided details on its Gulf of Mexico (GOM) divestments. Hedge Positions Plains Exploration &#38; Production announced that its has hedged nearly 200,000 MMBtu per day of 2011 natural gas production under three-way collars having a floor price of $4.00 with a limit of $3.00 and a weighted average ceiling price of $4.92. The company has also hedged 160,000 MMBtu per day of 2012 production through put-option spread contracts with a floor price of $4.30 and a limit of $3.00 per MMBtu. Plains Exploration &#38; Production already has 2010 hedges in place for 85,000 MMBtu per day of natural gas production under three-way collars with a floor price of $6.12 and a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/12/22/pxp-plains-exploration-production-company-advances-plans/61479/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PXP) Plains Exploration &amp; Production Company Analyst Maintains Neutral on Shares</title>
		<link>http://www.stockbloghub.com/2010/12/20/pxp-plains-exploration-production-company-analyst-maintains-neutral-on-shares/60636</link>
		<comments>http://www.stockbloghub.com/2010/12/20/pxp-plains-exploration-production-company-analyst-maintains-neutral-on-shares/60636#comments</comments>
		<pubDate>Mon, 20 Dec 2010 22:34:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[McMoRan Exploration Company]]></category>
		<category><![CDATA[MMR]]></category>
		<category><![CDATA[Pioneer Natural Resources Company]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXD]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=60636</guid>
		<description><![CDATA[We recently reiterated our &#8216;Neutral&#8217; recommendation on Plains Exploration &#38; Production Company (PXP). Texas-based Plains Exploration &#38; Production Co. is an independent oil and gas company primarily engaged in acquiring, developing, exploring and producing oil and gas. The company has its core operations in North America &#8211; onshore and offshore California; the Gulf of Mexico; the Gulf Coast Region; the Mid-Continent Region; the Rocky Mountains, and offshore Vietnam. The company’s main competitors include Anadarko Petroleum Corp. (APC) and Pioneer Natural Resources Co. (PXD). Recent Quarter &#38; Guidance Plains Exploration &#38; Production posted third-quarter earnings of 29 cents per share, above the Zacks Consensus Estimate of 24 cents, but below the year-ago profit of 60 cents. Net revenues of $387.8 million grew 3.4% (positive surprise) from the Zacks Consensus Estimate of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/12/20/pxp-plains-exploration-production-company-analyst-maintains-neutral-on-shares/60636/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(PXP) Plains Exploration &amp; Production Rises on Higher Revenues</title>
		<link>http://www.stockbloghub.com/2010/11/24/pxp-plains-exploration-production-rises-on-higher-revenues/58505</link>
		<comments>http://www.stockbloghub.com/2010/11/24/pxp-plains-exploration-production-rises-on-higher-revenues/58505#comments</comments>
		<pubDate>Thu, 25 Nov 2010 06:57:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=58505</guid>
		<description><![CDATA[Plains Exploration &#38; Production Co. (PXP) posted third-quarter earnings of 29 cents per share, above the Zacks Consensus Estimate of 24 cents, but below the year-ago profit of 60 cents. Operating Results Net revenues of $387.8 million grew 3.4% (positive surprise) from the Zacks Consensus Estimate of $375 million. Also, revenue grew 24% from $312.2 million a year-ago, driven primarily by higher commodity prices and higher sales volumes. Strong drilling results in the Granite Wash, Haynesville, California and South Texas Eagle Ford accounted for the volume growth during the quarter. Oil Sales accounted for approximately 71% of the quarter’s revenues, while Gas Sales represented 28.5% of revenues. Daily sales volumes of the company rose 9% year over year averaging 90.6 thousand barrels of oil equivalent (MBoe) for third quarter 2010 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/11/24/pxp-plains-exploration-production-rises-on-higher-revenues/58505/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PXP) Plains Exploration &amp; Production Company Buys Eagle Ford Shale Acreage</title>
		<link>http://www.stockbloghub.com/2010/10/12/pxp-plains-exploration-production-company-buys-eagle-ford-shale-acreage/54531</link>
		<comments>http://www.stockbloghub.com/2010/10/12/pxp-plains-exploration-production-company-buys-eagle-ford-shale-acreage/54531#comments</comments>
		<pubDate>Tue, 12 Oct 2010 14:30:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=54531</guid>
		<description><![CDATA[With a strong focus on eliminating its offshore exposure, Plains Exploration &#38; Production Company (PXP) continues to build on new onshore oil-producing prospects. The company expects average sales volumes of 89 thousand barrels of oil equivalent per day in the third quarter of 2010. The company recently acquired significant acreage in the Eagle Ford shale play in South Texas. Plains has agreed to pay $578 million in cash for roughly 60,000 net acres in the Karnes County of South Texas. Of the acreage acquired, the company holds nearly 20,400 net acres (about one-third of assets acquired) in joint operation with EOG Resources Inc. (EOG). This acquisition adds a high-quality oil asset with substantial reserve and oil production growth opportunities to Plains’ existing domestic oil resource position. The Eagle Ford properties ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/12/pxp-plains-exploration-production-company-buys-eagle-ford-shale-acreage/54531/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PXP) Plains Exploration &amp; Production Plans a Cut in Gulf of Mexico Assets</title>
		<link>http://www.stockbloghub.com/2010/08/11/pxp-plains-exploration-production-plans-a-cut-in-gulf-of-mexico-assets/47399</link>
		<comments>http://www.stockbloghub.com/2010/08/11/pxp-plains-exploration-production-plans-a-cut-in-gulf-of-mexico-assets/47399#comments</comments>
		<pubDate>Wed, 11 Aug 2010 14:48:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Pioneer Natural Resources Company]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXD]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=47399</guid>
		<description><![CDATA[Oil and gas company Plains Exploration &#38; Production Co. (PXP) has decided to reduce its operation in the Gulf of Mexico (GOM) area. The company has plans to sell $2 billion worth of assets in the GOM with a view to align capital spending with operating cash flow. Plains has a substantial presence in the GOM with a few of its assets performing per expectations. Again, some assets are in a development stage and need capital spending while the company is unsure about the time and capital required for those assets to break-even. Plains’ decision to trim down operations in the GOM area was also perpetuated by the uncertain regulatory environment in that region. Plains intends to invest the proceeds from the GOM asset sale in its onshore operations in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/11/pxp-plains-exploration-production-plans-a-cut-in-gulf-of-mexico-assets/47399/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PXP) Plains Exploration &amp; Production&#8217;s Earnings Meet Expectations</title>
		<link>http://www.stockbloghub.com/2010/08/07/pxp-plains-exploration-productions-earnings-meet-expectations/47091</link>
		<comments>http://www.stockbloghub.com/2010/08/07/pxp-plains-exploration-productions-earnings-meet-expectations/47091#comments</comments>
		<pubDate>Sat, 07 Aug 2010 17:33:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BlackRock Global Opportunities Equity Trust]]></category>
		<category><![CDATA[BOE]]></category>
		<category><![CDATA[Contango Oil & Gas Company]]></category>
		<category><![CDATA[MCF]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=47091</guid>
		<description><![CDATA[Plains Exploration &#38; Production Co. (PXP) posted second-quarter earnings of 26 cents per share, in line with the Zacks Consensus Estimate, but below the year-ago profit of 60 cents. Operating Results Net revenues of $364.6 million dipped 2.5% (negative surprise) from the Zacks Consensus Estimate of $374 million. However, it grew 31% from $278.7 million a year-ago, driven primarily by higher commodity prices and higher sales volumes. Strong drilling results in the Granite Wash, Haynesville, California and Gulf of Mexico accounted for the volume growth during the quarter. Despite the impacts of the fire and damage of a portion of the gas processing facility at the Madden Field in Fremont County, which reduced production by 850 BOE per day, daily sales volumes for the quarter increased 5% to 85.0 thousand ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/08/07/pxp-plains-exploration-productions-earnings-meet-expectations/47091/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(PXP) Plains Exploration &amp; Production&#8217;s Earnings Report Falls Below Estimates</title>
		<link>http://www.stockbloghub.com/2010/05/11/pxp-plains-exploration-productions-earnings-report-falls-below-estimates/36817</link>
		<comments>http://www.stockbloghub.com/2010/05/11/pxp-plains-exploration-productions-earnings-report-falls-below-estimates/36817#comments</comments>
		<pubDate>Tue, 11 May 2010 21:40:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=36817</guid>
		<description><![CDATA[Plains Exploration &#38; Production Co. (PXP) posted first-quarter earnings of 31 cents per share, below the Zacks Consensus Estimate of 39 cents but above the year-ago profit of 9 cents. The year over year increase was driven by its strong production with lower costs, and effective hedging. Earnings Trends Plains reported a negative earnings surprise of nearly 20.51% in the quarter, opposing its historical pattern of outperforming estimates. Historically, the company has delivered a 124.59% positive surprise in the December 2009 and a 145.61% positive surprise in the September 2009. The average earnings surprise over the last four quarters equals a positive 143.31%. Following the earnings release, over the last 7 days, one analyst out of the 16 raised its 2010 earnings estimates, while 2 analysts revised downward. In the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/11/pxp-plains-exploration-productions-earnings-report-falls-below-estimates/36817/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(PXP) Plains Exploration &amp; Production Company Announces $300 Million Offering</title>
		<link>http://www.stockbloghub.com/2010/03/29/pxp-plains-exploration-production-company-announces-300-million-offering/31979</link>
		<comments>http://www.stockbloghub.com/2010/03/29/pxp-plains-exploration-production-company-announces-300-million-offering/31979#comments</comments>
		<pubDate>Mon, 29 Mar 2010 17:50:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31979</guid>
		<description><![CDATA[Independent oil and gas company Plains Exploration &#38; Production Company (PXP) commenced an offer of senior notes due in 2020 in an underwritten public offering. The offering is priced at an interest rate of 7 5/8% and the total value of the offering aggregates $300 million. The notes are being sold to the public at par. The company intends to use the net proceeds of the offering to repay debt under its senior revolving credit facility and general corporate purposes. The company will pay interest on the notes on April 1 and October 1 of each year. The first interest payment will be made on October 1, 2010, and will consist of interest from closing to that date. The offering is expected to close on March 29, 2010, subject to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/29/pxp-plains-exploration-production-company-announces-300-million-offering/31979/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(CHK) Chesapeake Energy Corporation Sees More Joint Ventures Ahead</title>
		<link>http://www.stockbloghub.com/2010/03/25/chk-chesapeake-energy-corporation-sees-more-joint-ventures-ahead/31548</link>
		<comments>http://www.stockbloghub.com/2010/03/25/chk-chesapeake-energy-corporation-sees-more-joint-ventures-ahead/31548#comments</comments>
		<pubDate>Thu, 25 Mar 2010 19:32:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31548</guid>
		<description><![CDATA[Chesapeake Energy Corporation (CHK) is stepping ahead for more joint ventures for its properties, according to management. Chesapeake holds the industry’s leading position in U.S. acreage. In addition to significant holdings in several other fields, Chesapeake has the rights to drill nearly 3 million acres in four of the most prolific shale gas fields Haynesville, Marcellus, Barnett and Fayetteville. Since the last few years, the company has been expanding its asset base by aggressively buying properties in these shale gas plays. It has also made several joint ventures with large oil integrated companies. Chesapeake’s latest joint venture was finalized in January with Total (TOT) for the development of Barnett Shale assets. Total acquired a 25% interest for $2.25 billion in Chesapeake’s upstream assets in this area. This was Chesapeake’s fourth ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/03/25/chk-chesapeake-energy-corporation-sees-more-joint-ventures-ahead/31548/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PXP) Plains Exploration &amp; Production Surges on Lower Costs</title>
		<link>http://www.stockbloghub.com/2010/02/28/pxp-plains-exploration-production-surges-on-lower-costs/29112</link>
		<comments>http://www.stockbloghub.com/2010/02/28/pxp-plains-exploration-production-surges-on-lower-costs/29112#comments</comments>
		<pubDate>Mon, 01 Mar 2010 04:24:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29112</guid>
		<description><![CDATA[Plains Exploration &#38; Production Company (PXP) posted fourth-quarter earnings of $1.37 per share, substantially higher than the Zacks Consensus Estimate of 61 cents and the year-ago loss of 19 cents. For the full year 2009, the company reported operating earnings of $5.40, beating the Zacks Consensus Estimate of $4.39 and last year&#8217;s earnings of $4.89. The better-than-expected results were driven by its strong production with lower operational and administrative costs, and effective hedging. Plains reported a positive earnings surprise of nearly 55% in the quarter, in line with its history of outperforming estimates. Historically, the company has delivered a 145.6% positive surprise in the September quarter and a 323.5% positive surprise in the June quarter. The four-quarter average surprise from December 2008 through September 2009 was 180.6%. The current Zacks ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/28/pxp-plains-exploration-production-surges-on-lower-costs/29112/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CHK) Chesapeake Energy Corporation Forms Joint Venture with Total S.A.</title>
		<link>http://www.stockbloghub.com/2010/01/05/chk-chesapeake-energy-corporation-forms-joint-venture-with-total-s-a/24185</link>
		<comments>http://www.stockbloghub.com/2010/01/05/chk-chesapeake-energy-corporation-forms-joint-venture-with-total-s-a/24185#comments</comments>
		<pubDate>Tue, 05 Jan 2010 22:39:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>
		<category><![CDATA[StatoilHydro ASA]]></category>
		<category><![CDATA[STO]]></category>
		<category><![CDATA[TOT]]></category>
		<category><![CDATA[Total SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=24185</guid>
		<description><![CDATA[Chesapeake Energy Corporation (CHK) has joined hands with the world’s fifth largest integrated oil and gas company Total S.A. or Total (TOT) for the development of Barnett Shale assets by creating a joint venture. Total will acquire a 25% interest in Chesapeake’s upstream Barnett Shale assets. In consideration, Total will pay $800 million in cash at closing, which is anticipated by the end of this month and subject to regulatory approval. Total will pay an additional $1.45 billion by funding 60% of Chesapeake&#8217;s share of drilling and completion expenditures until the entire obligation has been exhausted, which Chesapeake expects will occur by year-end 2012. This is Chesapeake’s fourth joint venture transaction in the Big 4 shale plays of Barnett Shale, Marcellus Shale, Haynesville Shale and Fayetteville Shale. The other partners include ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/05/chk-chesapeake-energy-corporation-forms-joint-venture-with-total-s-a/24185/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BEXP) Top Performer for Fri: Brigham Exploration</title>
		<link>http://www.stockbloghub.com/2009/10/16/bexp-top-performer-for-fri-brigham-exploration/17832</link>
		<comments>http://www.stockbloghub.com/2009/10/16/bexp-top-performer-for-fri-brigham-exploration/17832#comments</comments>
		<pubDate>Fri, 16 Oct 2009 20:49:58 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BEXP]]></category>
		<category><![CDATA[Brigham Exploration Company]]></category>
		<category><![CDATA[LINE]]></category>
		<category><![CDATA[Linn Energy Llc]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17832</guid>
		<description><![CDATA[Brigham Exploration Company (BEXP) announced results for one of its wells in the Bakken Shale today, prompting a 7% gain in its share price and securing a spot on the Zacks #1 Rank Top Performers List. In addition to this company-specific news, BEXP is also getting a hand from an improving outlook for oil stocks as oil prices have finally broken out of its trading range. Brigham Exploration is an independent exploration, development and production company that utilizes advanced exploration, drilling and completion technologies to systematically explore for, develop and produce domestic onshore oil and natural gas reserves. It&#8217;s 1 of 3 companies from the Oil-U.S. Exploration &#38; Production industry on today&#8217;s Zacks #1 Rank List, which includes 215 stocks in total. The other 2 names are Linn Energy, LLC ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PXP) Plains Exploration &amp; Production Consensus Estimate Soars</title>
		<link>http://www.stockbloghub.com/2009/09/10/pxp-plains-exploration-production-consensus-estimate-soars/14817</link>
		<comments>http://www.stockbloghub.com/2009/09/10/pxp-plains-exploration-production-consensus-estimate-soars/14817#comments</comments>
		<pubDate>Thu, 10 Sep 2009 21:26:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14817</guid>
		<description><![CDATA[Plains Exploration &#38; Production Company (PXP) is seeing production volumes pick up in the Haynesville Shale even as crude and natural gas prices remain far below 2008 prices. The company trades with a forward P/E of 9.02. Company Description Plains Exploration &#38; Production is an independent oil and natural gas company with operations in California, the Rockies, the Gulf Coast, the Gulf of Mexico, the Texas Panhandle, South Texas, the Permian Basin of the United States and offshore Vietnam. On Sep 8, the company announced it had completed the sale of $400 million of 8.625% Senior Notes that will mature Oct 15, 2019. The notes were sold to the public at 98.335% of the face value to yield 8.875% to maturity. Plains expects to use the money for general purposes ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PXP) Plains Exploration &amp; Production on Fund Raising Spree</title>
		<link>http://www.stockbloghub.com/2009/09/09/chk-plains-exploration-production-on-fund-raising-spree/14704</link>
		<comments>http://www.stockbloghub.com/2009/09/09/chk-plains-exploration-production-on-fund-raising-spree/14704#comments</comments>
		<pubDate>Wed, 09 Sep 2009 21:48:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Plains Exploration & Production Company]]></category>
		<category><![CDATA[PXP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14704</guid>
		<description><![CDATA[Plains Exploration &#38; Production (PXP) has recently issued $400 million of 8.625% coupon bearing senior notes at 98.335% of the face value. The notes are due on October 15, 2019 and yield 8.875% to maturity based upon the initial offering price. Last month, it raised around $397 million by offering 17.25 million shares to public. PXP intends to utilize the proceeds for general corporate purposes Incorporatedluding funding a part of $1.1 billion payment due under the joint venture agreement signed with Chesapeake Energy (CHK) for sharing drilling and completion costs of Haynesville Shale wells. PXP management remains focused on maintaining a strong balance sheet, keeping it financially flexible and adequately liquid. It ended the second quarter of 2009 with nearly $455.8 million of cash and $1.34 billion under its senior ]]></description>
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