Latham Guides PXP's $450M Alliance With EIG Energy

Law360, New York (October 28, 2011, 2:20 PM EDT) -- Private energy investor EIG Global Energy Partners LLC has pumped $450 million into Plains Exploration & Production Co. for a 20 percent stake of the oil and gas company’s subsidiary devoted to developing projects in the Gulf of Mexico, PXP announced Friday.

EIG’s $450 million investment gives it a 20 percent interest in PXP’s Plains Offshore Operations Inc., a unit that holds all of the company’s Gulf of Mexico assets and now has the funding to develop two offshore projects, according to the PXP statement....
To view the full article, register now.