Jan 31, 2011
Plains Exploration shares rise on higher reserves
Shares of oil producer Plains Exploration & Production Co. rose Monday after the company said its level of proven reserves rose 16 percent in 2010.
The company said its year-end estimated proved reserves rose to the energy equivalent of 416.1 million barrels of oil. The reserves were comprised of 54 percent oil and 46 percent natural gas.
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Source: Bloomberg
Category:
Offshore and Energy
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