Plains Exploration's (PXP +2.6%) Q2 update shows daily sales volumes averaged 98K boe/day, with...


Plains Exploration's (PXP +2.6%) Q2 update shows daily sales volumes averaged 98K boe/day, with oil and liquids representing 61% of total volumes (oil 57%) and natural gas 39% of total volumes; daily oil sales volumes rose 17% Q/Q. PXP expects to record ~$220M in pre-tax gains in the quarter related to an accounting practice.

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