March 25, 2010 (FinancialWire) — Plains Exploration & Production Co. (NYSE: PXP) said it plans to offer senior notes due in 2020 in an underwritten public offering.

The company plans to use the net proceeds from the offering to repay indebtedness under PXP's senior revolving credit facility and for general corporate purposes.

Texas-based PXP is an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas in California, Texas, Louisiana and the Gulf of Mexico.

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