Pogo Completes Note Redemption

Pogo Producing (NYSE: PPP) has completed the redemption of all $200 million of its 8 1/4% Senior Subordinated Notes due 2011. Pogo paid approximately $212.6 million, including accrued interest, to redeem the notes.

Pogo Producing Company explores for, develops and produces oil and natural gas. Headquartered in Houston, Pogo owns approximately 1,900,000 gross leasehold acres in major oil and gas provinces in the United States, 6,354,000 acres in New Zealand and 1,480,000 acres in Vietnam. Pogo common stock is listed on the New York Stock Exchange under the symbol "PPP."