UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 17, 2008
PLAINS EXPLORATION & PRODUCTION COMPANY
(Exact name of registrant as specified in charter)
| Delaware | | 33-0430755 |
| (State of Incorporation) | | (I.R.S. Employer Identification No.) |
001-31470
(Commission File No.)
700 Milam, Suite 3100
Houston, Texas 77002
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (713) 579-6000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
| | (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
| | (17 CFR 240.13e-4(c)) |
Item 2.01 Completion of Acquisition or Disposition of Assets
Item 9.01 Financial Statements and Exhibits
On April 17, 2008, Plains Exploration & Production Company (“PXP”) closed the previously announced acquisition from Samson Lone Star, LLC and PYR Energy Corporation of oil and gas producing properties, covering 52,648 gross acres/28,024 net acres in South Texas. After the exercise of third party preferential rights and closing adjustments, PXP paid $288 million in cash for the properties. PXP funded the acquisition primarily with proceeds from recently completed divestments through the use of a tax deferred like-kind exchange.
If historical financial information and pro forma financial information is required to be filed pursuant to Items 2.01 and 9.01 of Form 8-K, it will be filed by amendment not later than 71 calendar days from the date this report was required to be filed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | PLAINS EXPLORATION & PRODUCTION COMPANY |
| | | |
| | | |
| Date: April 17, 2008 | | /s/ Cynthia A. Feeback |
| | | Cynthia A. Feeback |
| | | Vice President—Accounting, Controller and Chief Accounting Officer |
