| | Business Summary | | Plains
Resources
Inc.
is
an
independent
energy
company
that
is
engaged
in
two
related
lines
of
business.
The
Company's
first
line
of
business,
which
it
refers
to
as
"upstream,"
acquires,
exploits,
develops,
explores
and
produces
crude
oil
and
natural
gas.
The
Company's
second
line
of
business,
which
it
refers
to
as
"midstream,"
is
engaged
in
the
marketing,
transportation
and
terminalling
of
crude
oil.
Terminals
are
facilities
where
crude
oil
is
transferred
to
or
from
storage
or
a
transportation
system,
such
as
a
pipeline,
to
another
transportation
system,
such
as
trucks
or
another
pipeline.
The
operation
of
these
facilities
is
called
"terminalling."
The
Company
conducts
this
second
line
of
business
through
its
majority
ownership
in
Plains
All
American
Pipeline
L.P. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Plains
Resources
acquires,
exploits,
develops,
explores
and
produces
oil
and
natural
gas
and
markets,
transports,
terminals
and
stores
crude
oil.
For
the
six
months
ended
6/30/01,
revenues
decreased
97%
to
$116.7
million.
Net
income
applicable
to
Common
before
extraordinary
item
and
acct.
change
totalled
$94.5
million,
up
from
$22.8
million.
Revenues
suffered
from
the
absence
of
$3.39
billion
in
midstream
revenues.
Earnings
benefitted
from
a
$150.2
million
gain
on
PAA
units. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| James Flores
Chairman,
CEO | -- | Jere Overdyke, Jr.
CFO,
Exec. VP | -- | John Raymond
COO, Exec. VP | -- | Phillip Kramer, 44
Exec.
VP, Treasurer | $210K | Timothy Stephens
Exec.
VP of Admin., Gen. Counsel | -- | | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/p/plx.gif)