Summary of PLAINS EXPLORATION & PRODUCTION CO

Item 5.07 Submission of Matters to a Vote of Security Holders

On May 18, 2012, Plains Exploration & Production Company ("PXP" or the "Company") held its 2012 annual meeting of stockholders. The stockholders elected all of PXP's nominees for director, ratified the appointment of PricewaterhouseCoopers LLP as PXP's independent auditors for the fiscal year ending December 31, 2012, and approved PXP's executive compensation.

(1) Proposal One: The following directors were elected to serve until their successors are duly elected and qualified or until their earlier, death, resignation or removal as follows:

                                                                                BROKER NON-
  NAME                           FOR            AGAINST        ABSTENTIONS         VOTES
  James C. Flores             106,198,308        3,835,756        1,705,833        6,066,836

  Isaac Arnold, Jr.           109,354,331          892,118        1,493,448        6,066,836

  Alan R. Buckwalter, III     109,580,218          667,055        1,492,624        6,066,836

  Jerry L. Dees                98,462,415       11,572,699        1,704,783        6,066,836

  Tom H. Delimitros           103,051,321        7,196,538        1,492,038        6,066,836

  Thomas A. Fry, III          109,408,652          837,559        1,493,686        6,066,836

  Charles G. Groat            109,595,287          651,656        1,492,954        6,066,836

  John H. Lollar              103,065,338        7,204,491        1,470,068        6,066,836

(2) Proposal Two: The appointment of PricewaterhouseCoopers LLP as PXP's independent auditors for the fiscal year ending December 31, 2012 was ratified as follows:

FOR AGAINST ABSTAIN 115,342,135 983,876 1,480,722

(3) Proposal Three: The non-binding advisory vote on the compensation of the Company's named executive officers was approved as follows:

FOR AGAINST ABSTAIN BROKER NON-VOTES 65,388,893 44,823,285 1,527,719 6,066,836