Plains Exploration & Production Company
Plains Exploration & Production — 2013 Credit Suisse Energy Summit
10 slides from Plains Exploration & Production's conference presentation, Feb 5, 2013
Slide 1: 2013 Credit Suisse Energy Summit
PXP Plains Exploration & Production Company 2013 Credit Suisse Energy Summit Filed by Plains Exploration & Production Company pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Plains Exploration &
Slide 2: Corporate Information
PXP Plains Exploration & Production Company Corporate Information Corporate Headquarters Contacts Plains Exploration & Production Company 700 Milam, Suite 3100 Houston, Texas 77002 Forward-Looking Statements This presentation is not for reproduction or distribution to others without PXP’s consent. J
Slide 3: Asset Overview
PXP Plains Exploration & Production Company Asset Overview California • • • Eagle Ford • • • • Gulf of Mexico • • • Madden • • • Haynesville • • • 482 MMBOE total resource potential 2,300+ future locations Brent based pricing 200 BCFE total resource potential 30+ future locations NYMEX pricing 5,475
Slide 4: Asset Intensity
PXP Plains Exploration & Production Company Asset Intensity Substantial Oil Exposure • High Margins • Durability 2P Reserves R/P 15 years Total Resource R/P 48 years Onshore Oil Margin 12/31/2011 2P R/P Resource Potential R/P Gross Locations Total Resource Potential California Brent Based Pricing 26
Slide 5: Leading Value Creating Characteristics
PXP Plains Exploration & Production Company Leading Value Creating Characteristics (1) Free cash flow, a non-GAAP measure, is defined as net cash provided by operating activities minus capital expenditures. • Increasing Oil Production Per Share • Strong Oil Growth Assets with Premium Pricing • Highe
Slide 6: Production Target Profile
PXP Plains Exploration & Production Company Production Target Profile Haynesville/Madden California Eagle Ford Haynesville/Madden California Eagle Ford 62% Increase in 2013 Production; 87% of the Increase is Oil GOM Risked Exploration Success GOM-Acquired Assets GOM-Acquired Assets 2012E 2013E 2014E
Slide 7: Deepwater Gulf of Mexico
PXP Plains Exploration & Production Company Deepwater Gulf of Mexico East Breaks Alaminos Canyon Garden Banks Keathley Canyon Green Canyon Walker Ridge Lund Atwater Valley Mississippi Canyon Viosca Knoll Holstein Horn Mountain Marlin Ram Powell Diana Hoover Lucius Phobos PXP Operated PXP Non-Op Texa
Slide 8: FCX Transaction
FCX Transaction PXP Plains Exploration & Production Company
Slide 9: Transaction Highlights
PXP Plains Exploration & Production Company Transaction Highlights • Each PXP Share Receives .6531 Shares of FCX Common Stock and $25 in Cash • Creates a Premier U.S. Based Natural Resource Company • Adds High Quality U.S. Oil & Gas Assets to World-Class Mining Portfolio • Asset Quality Consistent w
Slide 10: Corporate Information
PXP Plains Exploration & Production Company Corporate Information IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC In connection with the proposed business combination transaction between PXP and FCX, FCX has filed with the SEC a registration statement on Form S-4 that contains a proxy st
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