EIG Making PIPE in Oil and Gas Co
November 1, 2011- Share:
EIG Global Energy Partners has agreed to provide oil and gas company Plains Exploration & Production (NYSE: PXP) with $450 million of development capital. In exchange, EIG will receive a 20% stake in PXP's subsidiary Plains Offshore Operations, which holds the company's Gulf of Mexico assets. PXP is being advised by Jefferies & Company, J.P. Morgan Securities and Barclays Capital.
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