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Plains Exploration Annouces JV

EOG Resources, Inc. Plains Exploration & Production Company
AnnouncedMay 14, 2010
TypeJV
Announced Date
May 14,2010
Transaction Type
JV




Snapshot
Net Acres
Location
Country
United States

State
Texas

County
Jefferson


Transaction Details:  Subscribe to see

Plains Resources announced the formation of a five year exploration joint venture with Enron Oil & Gas Corp. covering an area of mutual interest of about 180,000 acres in Jefferson County, Texas. Plains currently owns or controls about 90,000 acres within the area.

Under the joint venture agreement, Plains and Enron Oil & Gas will conduct a proprietary seismic program over this acreage and will drill at least two exploratory wells in early 1993. Plains will operate the property and each company will hold a 50 percent stake in the venture.

Plains and Enron Oil & Gas are independent oil and gas…

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