Watch List: PXP
Posted: Mon Jan 31, 2011 6:24 pm
I'm putting the final touches on our profile for Plains Exploration and Production Company (PXP). It looks very good! This one is probably going to graduate up to the Sweet 16 soon as I am forecasting significant oil production growth from their Granite Wash and Eagle Ford drilling programs. - Dan
Plains Exploration Q4 average daily sales volumes increased 9% YoY to 93K BOE; reserve replacement 302% for FY10 (PXP) 33.65 : Proved reserves increased 16% to 416.1 million barrels of oil equivalent (BOE) during 2010. Reserve replacement was 302% for 2010.
Fourth-quarter average daily sales volumes increased 9% to 93,000 BOE from the first-quarter 2010; full-year average daily sales volumes increased 7% to 88,500 BOE compared to 2009.
Year-end estimated proved reserves of 416.1 million BOE were 54% oil and 46% natural gas.
PXP's 2010 fourth-quarter daily sales volumes averaged approximately 93,000 BOE per day, a 3% increase over 2010 third-quarter average volumes and a 9% increase over first-quarter 2010 average daily volumes.
Plains Exploration Q4 average daily sales volumes increased 9% YoY to 93K BOE; reserve replacement 302% for FY10 (PXP) 33.65 : Proved reserves increased 16% to 416.1 million barrels of oil equivalent (BOE) during 2010. Reserve replacement was 302% for 2010.
Fourth-quarter average daily sales volumes increased 9% to 93,000 BOE from the first-quarter 2010; full-year average daily sales volumes increased 7% to 88,500 BOE compared to 2009.
Year-end estimated proved reserves of 416.1 million BOE were 54% oil and 46% natural gas.
PXP's 2010 fourth-quarter daily sales volumes averaged approximately 93,000 BOE per day, a 3% increase over 2010 third-quarter average volumes and a 9% increase over first-quarter 2010 average daily volumes.