Natural Resources >> CEO Interviews >> March 10, 2003

James Flores – Plains Exploration & Production Company (pxp)

JAMES C. FLORES is Chairman and Chief Executive Officer of Plains Exploration & Production Company. Based in Houston, PXP is an independent oil and gas company primarily engaged in the upstream activities of acquisition, exploitation, development and production of crude oil and natural gas. Mr. Flores is also Chairman of Plains Resources Inc. Through Plains Resources' ownership in Plains All American Pipeline, LP, Plains has interests in the midstream activities of marketing, gathering, transportation, terminalling and storage of crude oil. Mr. Flores began his career in 1982 as Chairman of the Board and Chief Executive Officer of Flores & Rucks, Inc. The company, which rapidly established a strong position in the Gulf of Mexico and onshore coastal Louisiana, successfully concluded an initial public offering in 1994. Flores & Rucks, Inc., became a successful growth company and was highlighted with FNR stock performance increasing by 276% and ranked as the third highest performing stock in 1996 by the New York Stock Exchange. The company, renamed Ocean Energy, Inc., in July 1997, merged with United Meridian Corporation in 1998, combining the two companies' extensive domestic assets with the high-potential international assets of UMC. Mr. Flores was named President and Chief Executive Officer of the combined companies which continued to be known as Ocean Energy, Inc. Concurrent with the 1999 merger of Seagull Energy Corporation and Ocean Energy, Inc., Mr. Flores continued to serve as Chairman of the Board of Ocean Energy, Inc., through December 1999 and then as Vice Chairman until January 2001 while Ocean's annual revenue exceeded $1 billion and over $5 billion in assets for the year 2000. Mr. Flores is an active member of the National Petroleum Council, the Independent Petroleum Association of America and the American Association of Professional Landmen. Mr. Flores was inducted into the All-American Wildcatters in 1999. He is a member of the Young Presidents' Organization and serves on the Board of Directors of the Wetlands America Trust. Profile
TWST: Would you give us a brief introduction to Plains

Exploration & Production?

Mr. Flores: Plains Exploration & Production Company (PXP) is one

of the domestic oil and gas producers