Plains Exploration & Production (PXP) delivered strong Eagle Ford production growth numbers. The company averaged more than 25,000 boe/d in the second quarter, up from just a little over 2,000 boe/d for the same period in 2011.
CEO James C. Flores commented:
“We had an impressive quarter with continued robust Eagle Ford expansion and solid California operating performance demonstrating the strength of the Company’s underlying oil asset base………In the short-term, PXP is providing stellar execution of its Eagle Ford growth plan. We are not only seeing strong production growth but also beginning to see efficiencies across all aspects of our Eagle Ford activity.” [Read more…]