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Northwest Colorado Oil & Gas Forum September 4, 2008

Northwest Colorado Oil & Gas Forum September 4, 2008. Corporate Information. Grand Junction Office. Corporate Headquarters. Plains Exploration & Production Company 760 Horizon Boulevard, Suite 101 Grand Junction, Colorado 81506 John Martini Manager, Governmental Affairs Chuck McDaniel

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Northwest Colorado Oil & Gas Forum September 4, 2008

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  1. Northwest Colorado Oil & Gas Forum September 4, 2008

  2. Corporate Information Grand Junction Office Corporate Headquarters Plains Exploration & Production Company 760 Horizon Boulevard, Suite 101 Grand Junction, Colorado 81506 John Martini Manager, Governmental Affairs Chuck McDaniel Vice President, PXP Piceance LLC 970-589-8889 Chris Clark Senior EH&S Advisor Doug Weaver Operations Manager 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 • In June, PXP and Oxy completed a purchase of a 95% working interest comprising approximately 11,500 net acres in the Plateau Valley. PXP will be the operator. • Collbran Valley Gas Gathering announced new 24-inch pipeline with 600 MMcf per day capacity connecting to Enterprise at Meeker • PXP has moved into new office space at 760 Horizon Drive in Grand Junction.

  4. Drilling Activity

  5. Production • Average gross daily production for August 2008 was approximately 71 MMcf/day

  6. Reducing Impacts in the Plateau Valley • Installing water lines with gas gathering lines • Improving water disposal well capabilities • Working on desalinization proposals • Providing funding for engineering study on feasibility of a truck bypass for Town of Collbran

  7. Northwest Colorado Oil & Gas Forum September 4, 2008

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