Item 7.01 Regulation FD Disclosure

On February 20, 2013, Plains Exploration & Production Company called for redemption all $184.9 million aggregate principal amount of its 10% Senior Notes due 2016 (the "2016 Notes") that remain outstanding. The redemption date for the 2016 Notes is March 22, 2013, and holders will receive a redemption price of 105.000% of the principal amount of the 2016 Notes, plus accrued and unpaid interest up to, but not including, the redemption date.

The information contained in this report shall not constitute a notice of redemption of the 2016 Notes. The redemption is being made solely pursuant to a formal notice of redemption dated February 20, 2013, which is being delivered to the holders of the 2016 Notes.

The information contained in this Item 7.01 is being furnished and shall not be deemed "filed" with the Securities and Exchange Commission or otherwise incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

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