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Northwest Colorado Oil & Gas Forum June 5, 2008

Northwest Colorado Oil & Gas Forum June 5, 2008. Corporate Information. Grand Junction Office. Corporate Headquarters. Plains Exploration & Production Company 760 Horizon Boulevard, Suite 101 Grand Junction, Colorado 81506 Chuck McDaniel Vice President, PXP Piceance LLC 970-589-8889

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Northwest Colorado Oil & Gas Forum June 5, 2008

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  1. Northwest Colorado Oil & Gas Forum June 5, 2008

  2. Corporate Information Grand Junction Office Corporate Headquarters Plains Exploration & Production Company 760 Horizon Boulevard, Suite 101 Grand Junction, Colorado 81506 Chuck McDaniel Vice President, PXP Piceance LLC 970-589-8889 Chris Clark Senior EH&S Advisor John Martini Manager, Governmental Affairs Bryant Morris Drilling Superintendent Plains Exploration & Production Company 700 Milam, Suite 3100 Houston, Texas 77002 Phone: 713-579-6000Toll Free: 800-934-6083Email: investor@pxp.com Website: www.pxp.com This presentation may not be reproduced or distributed to others without PXP’s consent.

  3. Corporate Developments • At a closing on February 29, 2008, PXP assigned 50% interest in oil and gas properties in the Piceance Basin to OXY USA Inc. • PXP retains 50% and remains operator of these assets

  4. Drilling Activity

  5. Piceance Basin Acreage Two Rigs (including new GW 109) Three Rigs One Rig

  6. Production • New Alkali Creek Compressor site – serves Hell’s Gulch field • Average gross daily production for May 2008 was approximately 68 MMcf/day

  7. Northwest Colorado Oil & Gas Forum January 17, 2008

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