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Plains Exploration & Production Company
PXP announced today that it intends to offer, subject to market and
other conditions, $2.25 billion of senior notes issued in an underwritten
public offering. The senior notes are expected to be issued in two series,
with the first series to be due in 2020 and the second series to be due in
2023. 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.
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