| | | 05.21.13 | PXP Declares Special $3.00 Per Share Dividend| HOUSTON, May 21, 2013 /PRNewswire/ -- Plains Exploration & Production Company (NYSE: PXP) announces that PXP's Board of Directors has declared a special one-time cash dividend of $3.00 per share, payable to PXP stockholders as of May 30, 2013, the dividend record date. The dividend is conditioned upon and will be paid immediately prior to or upon the completion of PXP's merger with Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX). The merger is expected to close on May 31, 2013, subject ... |
|  | | 05.20.13 | Freeport-McMoRan Copper & Gold Inc. and Plains Exploration & Production Company Announce PXP Shareholders Approve Acquisition| PHOENIX & HOUSTON--(BUSINESS WIRE)--May. 20, 2013-- Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Plains Exploration & Production Company (NYSE: PXP) today announced that the shareholders of PXP approved FCX’s acquisition of PXP at a special meeting held today. A majority of the outstanding shares approved the transaction.
The transaction is anticipated to close on May 31, 2013. Following completion of the transaction, there are expected to be approximately 1,038 million shar... |
| | | 05.20.13 | PXP to Declare Special $3.00 Per Share Dividend| HOUSTON, May 20, 2013 /PRNewswire/ -- Plains Exploration & Production Company (NYSE: PXP) today announced that it has received the approval of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) under the merger agreement between the companies for PXP's Board of Directors to declare a special one-time cash dividend of $3.00 per share. Upon receipt of bank waivers under a credit facility that will terminate in connection with the merger, PXP's Board of Directors intends to declare the dividen... |
| | | 05.16.13 | Freeport-McMoRan Copper & Gold Inc. and Plains Exploration & Production Company Announce Preliminary Results of Merger Consideration Election| PHOENIX & HOUSTON--(BUSINESS WIRE)--May. 16, 2013-- Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Plains Exploration & Production Company (NYSE: PXP) today announced the preliminary results of the elections made by PXP stockholders regarding the form of merger consideration to be received in connection with FCX’s pending acquisition of PXP, which is currently expected to be completed on May 20, 2013.
As previously announced, on December 5, 2012, FCX and PXP announced that the... |
| | | 05.13.13 | PXP Chairman's Letter to Shareholders| HOUSTON, May 13, 2013 /PRNewswire/ -- Plains Exploration & Production Company (NYSE:PXP)
Dear Shareholder,
I would like to take this opportunity to urge your support of the merger of Plains Exploration & Production Company (PXP) with Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and to share why I believe that it is in the best interest of the PXP shareholder.
There are several factors that positively favor the transaction. They include:
The strategic nature of the transaction, i... |
| | | 05.09.13 | PXP Announces Favorable Ruling in Shareholder Lawsuits| HOUSTON, May 9, 2013 /PRNewswire/ -- Plains Exploration & Production Company (NYSE: PXP) announced that it received a favorable ruling today in the Court of Chancery of the State of Delaware regarding shareholder lawsuits attempting to enjoin the merger with Freeport-McMoRan Copper & Gold Inc. The consolidated action is entitled In re Plains Exploration & Production Company Stockholder Litigation, No. 8090-VCN. A hearing was held on May 1, 2013 concerning the plaintiffs' request fo... |
| | | 05.09.13 | PXP Announces Continued Support for Merger with Freeport-McMoRan Copper & Gold| HOUSTON, May 9, 2013 /PRNewswire/ -- Plains Exploration & Production Company (NYSE: PXP) announced its continued support for the strategic merger of PXP with Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) on the previously announced terms. The financial and operational strength of the combined businesses will allow for accelerated value creation across the entire asset portfolio. PXP's Management and Board of Directors have been informed both by FCX and by the Special Committee of the ... |
| | | 05.02.13 | PXP Announces Strong First Quarter Financial & Operating Results, Reports Substantial Progress in its Gulf of Mexico Business Expansion, and Delivers Exceptional Eagle Ford Field Development Results| HOUSTON, May 2, 2013 /PRNewswire/ -- Plains Exploration & Production Company (NYSE:PXP) ("PXP" or the "Company") announces 2013 first-quarter financial and operating results.
2013 HIGHLIGHTS
Total daily sales volumes averaged 170.4 thousand barrels of oil equivalent ("BOE"), a 92% increase per diluted share compared to first-quarter 2012.
Oil daily sales volumes averaged 129.2 thousand barrels, a 158% increase per diluted share compared to first-quarter 2012.
Phobos discovery we... |
| | | 04.19.13 | PXP Announces First Quarter 2013 Earnings Date| HOUSTON, April 19, 2013 /PRNewswire/ -- Plains Exploration & Production Company (NYSE: PXP) ("PXP") announces that it is scheduled to release its first quarter 2013 results on Thursday, May 2, 2013 before the market opens and will host its quarterly conference call that same day, Thursday, May 2, 2013, at 8:00 a.m. Central time.
Investors wishing to participate in the conference call may dial 1-800-567-9836 or 1-973-935-8460. The conference call and replay ID is: 36577090. The replay can... |
| | | 04.18.13 | Freeport-McMoRan Copper & Gold Inc. and Plains Exploration & Production Company Set Special Meeting Date and Stockholder Election Deadline| PHOENIX & HOUSTON, Apr 18, 2013 (BUSINESS WIRE) --Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Plains Exploration &
Production Company (NYSE: PXP) today announced that PXP will hold a
special meeting of its stockholders on May 20, 2013, to vote on the
proposed acquisition of PXP by FCX. Stockholders who held shares of PXP
common stock at the close of business on March 21, 2013, the record date
of special meeting, will be entitled to vote... |
| | | 02.21.13 | PXP Announces 2012 Full-Year Results: Realizes Significant Net Income Growth Year-over-Year, Generates Substantial Growth in Net Cash Provided by Operating Activities, and Delivers Solid Reserve Replacement and Substantially Higher Reserve Value|
HOUSTON, Feb. 21, 2013 /PRNewswire/ -- Plains Exploration & Production Company (NYSE:PXP) ("PXP" or the "Company") announces 2012 fourth-quarter and full-year financial and operating results. These results reflect the one month benefit of the Gulf of Mexico assets acquired on November 30, 2012.
FOURTH-QUARTER HIGHLIGHTS
Total revenues were $869.2 million, a 68% increase compared to fourth-quarter 2011.
Total daily sales volumes averaged approximately 132.9 thousand barrels of oil eq... |
| | | 02.14.13 | PXP Announces 2012 Fourth Quarter and Full Year Earnings Date|
HOUSTON, Feb. 14, 2013 /PRNewswire/ -- Plains Exploration & Production Company (NYSE: PXP) ("PXP") announces that it is scheduled to release 2012 fourth quarter and year end results on Thursday, February 21, 2013 before the market opens and will host its quarterly conference call that same day, Thursday, February 21, 2013, at 8:00 a.m. Central time.
Investors wishing to participate in the conference call may dial 1-800-567-9836 or 1-973-935-8460. The conference call and replay ID is: 8... |
| | | 01.02.13 | PXP Signs Definitive Agreement to Participate in Offshore Morocco Exploration Play|
HOUSTON, Jan. 2, 2013 /PRNewswire/ -- Plains Exploration & Production Company (NYSE:PXP) ("PXP" or the "Company") today announces it has entered into a definitive agreement to participate in the significant and highly prospective exploration play offshore Morocco. Subject to customary closing conditions including the receipt of Moroccan governmental approvals, PXP will make a cash payment of $15 million to farm-in to Pura Vida Energy's (ASX:PVD) ("PVD") 75% working interest in the 2.7 mill... |
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