Plains Exploration & Production Company, an oil and gas company, engages in the acquisition, development, exploration, and production of oil and gas properties in the United States. The company owns oil and gas properties in the Los Angeles and San Joaquin Basins in California; the Santa Maria Basin in California; the Gulf Coast Basin onshore and offshore Louisiana; and the Val Verde portion of the greater Permian Basin in Texas. As of December 31, 2004, it had 419.3 million barrel equivalent of oil proved reserves. As of the same date, Plains Exploration had working interests in approximately 2,620 active producing oil wells and approximately 573 active producing gas wells. The company is headquartered in Houston, Texas.

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