Plains Exploration & Production Co. - 2011-11-16

The company intends to offer, subject to market and other conditions, $500 million of senior notes due 2022 in an underwritten public offering. The offering will be made under PXP's shelf registration statement, which became effective immediately upon filing with the Securities and Exchange Commission on March 5, 2010.

J.P. Morgan Securities LLC, Barclays Capital Inc., BMO Capital Markets Corp., Citigroup Global Markets Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as book-running managers of the offering.