Plains Exploration & Production Company Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

November 2024 | 50 pages | ID: PCC941F71F3BEN
BAC Reports

Abstracts

Plains Exploration & Production Company Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Plains Exploration & Production Company and its competitors. This provides our Clients with a clear understanding of Plains Exploration & Production Company position in the Energy Industry.

• The report contains detailed information about Plains Exploration & Production Company that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Plains Exploration & Production Company. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Plains Exploration & Production Company financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Plains Exploration & Production Company competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Plains Exploration & Production Company business.

About Plains Exploration & Production Company

Plains Exploration & Production Company, an independent oil and gas company, engages in acquiring, developing, exploring, and producing oil and gas properties primarily in the United States. The company owns oil and gas properties with principal operations in: Onshore California; Offshore California; the Gulf Coast Region; the Gulf of Mexico; the Mid-Continent Region; and the Rocky Mountains.

Oil and Gas Reserves: As of December 31, 2009, the company had estimated proved reserves of 359.5 million barrels of oil equivalent, of which 60% was comprised of oil and 64% was proved developed.

Properties

Onshore California

Los Angeles Basin: The company holds a 100% working interest in the majority of its Los Angeles Basin, or LA Basin, properties, including Inglewood, Las Cienegas, Montebello, Packard and San Vicente.

San Joaquin Basin: The company’s San Joaquin Basin properties are located primarily in the Cymric, Midway Sunset and South Belridge Fields.

Other Onshore California: The company holds a 100% working interest (94% net revenue interest) in the Arroyo Grande Field located in San Luis Obispo County, California. This is a long-lived field that has heavier oil (12 to 16 degree API gravity) and well depths averaging 1,700 feet and requires continuous steam injection.

Offshore California

Point Arguello: The company holds a 69.3% working interest in the Point Arguello Unit and the various partnerships owning the related transportation, processing and marketing infrastructure.

Point Pedernales: The company holds a 100% working interest (83% net revenue interest) in the Pt. Pedernales Field, which includes one platform that is utilized to exploit the Federal OCS Monterey Reservoir by extended reach directional wells and support facilities which lie with in the onshore Lompoc Field.

Gulf Coast Region, including Haynesville Shale and South and East Texas

Haynesville Shale

The area is being developed with approximately 4,000 foot horizontal wells at a measured total depth of 16,000 feet. As of December 31, 2009, the company has rights to approximately 683,000 gross acres (111,000 net), including approximately 61,000 net acres of leasehold.

South Texas

The company owns interests in oil and gas properties on approximately 90,360 gross acres (55,705 net acres) with 321 square miles of 3-D seismic located in South Texas, including approximately 52,648 gross acres (29,453 net acres). The company’s South Texas development activities are primarily focused on gas reserves concentrated in the Los Mogotes, Lopez Ranch, Mills Bennett and Javelina Fields. The fields produce from the Eocene Yegua and Wilcox formations, found at depths ranging from 7,000 to 14,000 feet.

East Texas

The company holds approximately 51,160 gross acres, including the Cretaceous Woodbine and Austin Chalk Formations in Polk and Tyler Counties. The company owns approximately 128 square miles of proprietary 3-D seismic data.

Gulf of Mexico

The company has both exploration and development projects in the Gulf of Mexico asset area, which includes coastal onshore and offshore areas of Texas and Louisiana and the Gulf of Mexico.

Onshore and Offshore Areas of Texas and Louisiana

Jefferson County, Texas: The company holds a 100% working interest in approximately 33,400 gross acres, including the Oligocene, Frio and Vicksburg reservoirs in the Big Mac prospect area. The company owns over 275 square miles of 3-D seismic data.

South Louisiana: The company holds approximately 34,200 gross acres in central South Louisiana on which to explore Oligocene, deeper Eocene and Paleocene targets. The company owns approximately 165 square miles of new 3-D seismic data in central South Louisiana and holds a 100% working interest.

Deepwater Gulf of Mexico

In the deepwater area of the Gulf of Mexico, the company participated in five exploration wells in 2009, including the Lucius discovery in Keathley Canyon Block 875 and three unsuccessful wells, which were drilled in Garden Banks Block 988, Keathley Canyon Block 470 and Green Canyon Block 945. The company has a 100% working interest in the Friesian discovery well.

Mid-Continent Region

The company has interests in oil and gas properties on approximately 405,700 gross leasehold acres with 715 square miles of 3-D seismic located in Texas and Oklahoma. Development activities are concentrated in the Courson Ranch area located primarily in Roberts and Hutchinson Counties in Texas as well as in the Wheeler and Marvin Lake areas in Wheeler and Hemphill Counties in Texas.

The company holds leases covering 9,040 gross and approximately 5,650 net acres in the Stiles Ranch Field area in Wheeler County, Texas.

Rocky Mountains

Wind River Basin: The company owns a 14% working interest in the Madden Deep Unit and Lost Cabin Gas Plant located in central Wyoming. The Madden Deep Unit is a federal unit operated by a third party and consists of approximately 63,840 gross acres in the Wind River Basin.

Vietnam: In November 2007, the company acquired Pogo, which had entered into a production sharing contract with PetroVietnam, the state oil company of Vietnam. The company’s interest in Block 124 covers approximately 1,480,000 gross acres offshore central Vietnam. The company has completed the interpretation of approximately 850 square kilometers of 3-D seismic data and the drilling of two exploratory wells. In 2009, the company obtained 520 kilometers of 2-D seismic data and the government of Vietnam granted a one-year extension of the first phase of its production sharing contract.

Customers

The company’s heavy crude is primarily sold to ConocoPhillips. Its other customer is Plains Marketing, L.P.

History

Plains Exploration & Production Company was founded in 2002.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. PLAINS EXPLORATION & PRODUCTION COMPANY COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. PLAINS EXPLORATION & PRODUCTION COMPANY BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. PLAINS EXPLORATION & PRODUCTION COMPANY SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. PLAINS EXPLORATION & PRODUCTION COMPANY FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. PLAINS EXPLORATION & PRODUCTION COMPANY COMPETITORS AND INDUSTRY ANALYSIS

5.1. Plains Exploration & Production Company Direct Competitors
5.2. Comparison of Plains Exploration & Production Company and Direct Competitors Financial Ratios
5.3. Comparison of Plains Exploration & Production Company and Direct Competitors Stock Charts
5.4. Plains Exploration & Production Company Industry Analysis
5.4.1. Energy Industry Snapshot
  5.4.2. Plains Exploration & Production Company Industry Position Analysis

6. PLAINS EXPLORATION & PRODUCTION COMPANY NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. PLAINS EXPLORATION & PRODUCTION COMPANY EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. PLAINS EXPLORATION & PRODUCTION COMPANY ENHANCED SWOT ANALYSIS²

9. UNITED STATES PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. PLAINS EXPLORATION & PRODUCTION COMPANY IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. PLAINS EXPLORATION & PRODUCTION COMPANY PORTER FIVE FORCES ANALYSIS²

12. PLAINS EXPLORATION & PRODUCTION COMPANY VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

Plains Exploration & Production Company Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Plains Exploration & Production Company 1-year Stock Charts
Plains Exploration & Production Company 5-year Stock Charts
Plains Exploration & Production Company vs. Main Indexes 1-year Stock Chart
Plains Exploration & Production Company vs. Direct Competitors 1-year Stock Charts
Plains Exploration & Production Company Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

Plains Exploration & Production Company Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Plains Exploration & Production Company Key Executives
Plains Exploration & Production Company Major Shareholders
Plains Exploration & Production Company History
Plains Exploration & Production Company Products
Revenues by Segment
Revenues by Region
Plains Exploration & Production Company Offices and Representations
Plains Exploration & Production Company SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Plains Exploration & Production Company Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Plains Exploration & Production Company Capital Market Snapshot
Plains Exploration & Production Company Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Energy Industry Statistics
Plains Exploration & Production Company Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Plains Exploration & Production Company Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?