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Plains, Chesapeake Continues Two Rig Program In Haynesville;

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Plains Exploration & Production Company announces 2012 second-quarter financial and operating results.

OPERATIONAL SUMMARY

PXP's 2012 second-quarter daily sales volumes averaged 98.3 thousand BOE per day, a 10% increase per diluted share and a 36% increase per diluted share pro forma for the December 2011 asset sales compared to second-quarter 2011.

Crude oil sales volumes averaged 55.8 thousand barrels per day, a 34% increase, pro forma for the December 2011 asset sales, compared to the second-quarter of 2011. The robust volume growth is driven primarily by strong performance in the Eagle Ford Shale and steady, consistent performance in California.

Natural gas liquids sales volumes averaged 4 thousand barrels per day net to PXP, compared to second-quarter 2011 average volumes of 5…

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Gulf Coast - South Texas News