News Breaks |
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| September 18, 2012 |
| 07:28 EDT |  | PXP | Plains Exploration provides crude oil derivative positions
Plains Exploration continues to implement its crude oil hedging program following the recently announced Gulf of Mexico acquisition and intends to protect up to 90% of the company's crude oil production for the 2013 through 2015 period. |
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News For PXP From The Last 14 Days Check below for free stories on PXP the last two weeks. |
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| May 20, 2013 |
| 14:15 EDT | | PXP | Plains shareholders approve Freeport-McMoRan acquisition
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| 09:42 EDT | | PXP | Paulson & Co. issues statement regarding Freeport-Plains merger
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| 07:41 EDT | | PXP | Freeport says to declare $1.00/share supplemental dividend after Plains deal
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| 07:41 EDT | | PXP | Freeport says plans $1.5B in assets sales after Plains, McMoRan transactions
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| 07:40 EDT | | PXP | Freeport says to declare $1.00/share supplemental dividend after Plains deal
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| 07:35 EDT | | PXP | Plains Exploration declares special $3.00 per share dividend
Plains Exploration (PXP) announced that it has received the approval of Freeport-McMoRan Copper & Gold (FCX) under the merger agreement between the companies for PXP's Board of Directors to declare a special one-time cash dividend of $3.00 per share. Upon receipt of bank waivers under a credit facility that will terminate in connection with the merger, PXP's Board of Directors intends to declare the dividend to PXP stockholders as of May 30, the expected dividend record date. The dividend will be conditioned upon and paid immediately prior to the completion of PXP's merger with Freeport-McMoRan Copper & Gold. |
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| May 16, 2013 |
| 08:12 EDT | | PXP | Freeport, Plains Exploration announce preliminary results of merger election
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| May 13, 2013 |
| 07:36 EDT | | PXP | Plains Exploration CEO urges holders to support Freeport McMoRan merger
Plains Exploration (PXP) CEO and Chairman James C. Flores urged shareholders to support the merger with Freeport McMoRan (FCX) in a letter. The letter explained that "The strategic nature of the transaction, including the fact that the combination of the PXP, FCX and McMoRan Exploration businesses is expected to create the largest diversified U.S.-based natural resource company with an enterprise value in the top five among global mining peers, increase geographic diversification of the combined company within the U.S. and increase commodity diversification for the combined company. The scale of the combined company, which will enable it to compete more effectively than either PXP, FCX or MMR on a standalone basis, through increased cash flow and lower cost of capital investment in future development projects, exploration and acquisitions." |
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| May 9, 2013 |
| 08:13 EDT | | PXP | PXP announces support for merger with Freeport-McMoRan
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| 08:02 EDT | | PXP | Freeport McMoRan says agreed terms for Plains Exploration are 'best and final'
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| 08:01 EDT | | PXP | Freeport McMoRan says agreed terms for Plains Exploration are 'best and final'
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| May 6, 2013 |
| 09:49 EDT | | PXP | CR Intrinsic says Plains Exploration worth 40% more than current market price
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| 09:37 EDT | | PXP | CR Intrinsic Investors to vote against Plains Exploration acquisition
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