PXP Closes Public Offering of Common Stock

Plains Exploration & Production Company has closed its public offering of 17,250,000 shares of its common stock, including 2,250,000 shares issued upon full exercise of the underwriters' over-allotment option, at a public offering price of $24.00 per share. PXP's net proceeds from the offering were approximately $397 million (after deducting underwriting discounts and commissions and estimated expenses).