In addition to its $5.55B purchase of Gulf oilfields from BP, Plains Exploration (PXP) also will...


In addition to its $5.55B purchase of Gulf oilfields from BP, Plains Exploration (PXP) also will pay $560M to buy a 50% stake from Royal Dutch Shell (RDS.A, RDS.B) in the offshore Holstein field ~100 miles south of New Orleans. BP is the operator of the field, which produces 7,400 boe/day, but PXP says upside production potential exists.

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Comments (2)
  • PalmDesertRat
    , contributor
    Comments (3790) | Send Message
     
    bot some pxp in the pre mkt at 39.00
    10 Sep 2012, 08:31 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3790) | Send Message
     
    bot some pxp at 37.26
    10 Sep 2012, 09:53 AM Reply Like
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