Operational Updates
Plains Provides Eagle Ford and Haynesville Update
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OPERATIONAL SUMMARY
PXP's 2012 third-quarter daily sales volumes averaged 105.6 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 third-quarter 2011.
Crude oil sales volumes averaged 58.7 thousand barrels per day, compared to third-quarter 2011 average volumes of 45.2 thousand barrels per day. The healthy volume growth is driven primarily by a strong performance in the Eagle Ford Shale and steady, consistent performance in California.
Natural gas liquids sales volumes averaged 4.8 thousand barrels per day, compared to third-quarter 2011 average volumes of 5.6 thousand barrels per day reflecting the impact of the South Texas and Texas Panhandle asset sales in December 2011.
Natural gas sales…
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