PXP closes major GoM deepwater offshore acquisitions

Offshore staff

HOUSTON –Plains Exploration & Production Co. (NYSE:PXP) has closed on its acquisitions in deepwater Gulf of Mexico.

BP Exploration & Production Inc./BP America Production Co. PXP has acquired for $5.5 billion properties including the Marlin Hub, Horn Mountain, BP’s 50% interest in Holstein, Diana-Hoover, and Ram Powell.

In a separate purchase,PXP also acquired Shell’s 50% working interest in Holstein for $560 million.

11/30/2012