PXP Contributes to Disaster Relief Efforts

PXP Contributes to Disaster Relief Efforts

HOUSTON, Sept. 2 /PRNewswire-FirstCall/ -- Plains Exploration & Production Company (NYSE:PXP) ("PXP" or the "Company") announced today that its employees and directors had pledged $250,000, and the Company had matched that amount, for a total $500,000 contribution to the American Red Cross in support of disaster relief efforts in Louisiana and other states affected by Hurricane Katrina.

"As Americans we are all affected by the terrible tragedy caused by Hurricane Katrina," stated James C. Flores, PXP's Chairman, President and Chief Executive Officer. "As a company with employees and business operations in Louisiana and the Gulf of Mexico we are acutely aware of the suffering and damage that has been inflicted on the area. PXP and its employees are anxious to do their part to help the survivors."

PXP is an independent oil and gas company primarily engaged in the upstream activities of acquiring, exploiting, developing and producing oil and gas in its core areas of operation: onshore and offshore California, West Texas and the Gulf Coast region of the United States. PXP is headquartered in Houston, Texas.

Source: Plains Exploration & Production Company

CONTACT: Scott D. Winters, Director - Investor Relations of Plains
Exploration & Production Company, +1-713-579-6190, or +1-800-934-6083

Web site: http://www.plainsxp.com/

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