Item 2.02 Results of Operations and Financial Condition

On May 7, 2009, Plains Exploration & Production Company ("PXP") issued a press release announcing first quarter 2009 results. The press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.

The information presented herein under Item 2.02 shall not be deemed "filed" under the Securities Exchange Act 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibit 99.1 Plains Exploration & Production Company press release dated May 7, 2009.

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