891456--3/10/2006--PLAINS_EXPLORATION_&_PRODUCTION_CO

related topics
{gas, price, oil}
{tax, income, asset}
{cost, contract, operation}
{operation, natural, condition}
{acquisition, growth, future}
{personnel, key, retain}
{cost, regulation, environmental}
{regulation, change, law}
Volatile oil and gas prices could adversely affect our financial condition and results of operations. Estimates of oil and gas reserves depend on many assumptions that may be inaccurate. Any material inaccuracies could adversely affect the quantity and value of our oil and gas reserves. If we are unable to replace the reserves that we have produced, our reserves and revenues will decline. The geographic concentration and lack of marketable characteristics of our oil reserves may have a greater effect on our ability to sell our oil compared to other companies. We intend to continue to enter into derivative contracts for a portion of our crude oil production, which may result in our making cash payments or prevent us from receiving the full benefit of increases in prices for oil and which may cause volatility in our reported earnings. Our offshore operations are subject to substantial regulations and risks, which could adversely affect our ability to operate and our financial results. The majority of our oil production in California is dedicated to two customers and as a result, our credit exposure to those customers is significant. Operating hazards, natural disasters or other interruptions of our operations could result in potential liabilities, which may not be fully covered by our insurance. We may not be successful in acquiring, exploiting, developing or exploring for oil and gas properties. Any prolonged, substantial reduction in the demand for oil and gas, or distribution problems in meeting this demand, could adversely affect our business. Loss of key executives and failure to attract qualified management could limit our growth and negatively impact our operations. Governmental agencies and other bodies, including those in California, might impose regulations that increase our costs and may terminate or suspend our operations. Environmental liabilities could adversely affect our financial condition. Our acquisition strategy could fail or present unanticipated problems for our business in the future, which could adversely affect our ability to make acquisitions or realize anticipated benefits of those acquisitions. Our net income could be negatively affected by stock based compensation charges. Our results of operations could be adversely affected as a result of goodwill impairments.

Full 10-K form ▸

related documents
912750--2/26/2010--NEWFIELD_EXPLORATION_CO_/DE/
870732--3/31/2010--American_Natural_Energy_Corp
277924--1/14/2009--CREDO_PETROLEUM_CORP
277924--1/7/2010--CREDO_PETROLEUM_CORP
38079--3/2/2009--FOREST_OIL_CORP
38079--2/28/2008--FOREST_OIL_CORP
315852--2/27/2008--RANGE_RESOURCES_CORP
23194--3/16/2006--COMSTOCK_RESOURCES_INC
943861--3/15/2006--GOODRICH_PETROLEUM_CORP
23194--2/25/2009--COMSTOCK_RESOURCES_INC
894627--3/16/2010--VAALCO_ENERGY_INC_/DE/
315852--2/27/2007--RANGE_RESOURCES_CORP
1021010--3/14/2006--EDGE_PETROLEUM_CORP
1019756--3/21/2006--MARKWEST_HYDROCARBON_INC
1112412--3/13/2006--ENDEAVOUR_INTERNATIONAL_CORP
870756--3/16/2006--NATIONAL_ENERGY_GROUP_INC
1120916--3/15/2010--AMERICAN_OIL_&_GAS_INC
904080--2/25/2010--STONE_ENERGY_CORP
870732--4/28/2009--American_Natural_Energy_Corp
1080399--8/13/2008--ROYALITE_PETROLEUM_CO_INC.
355356--11/15/2006--IMPERIAL_PETROLEUM_INC
61398--9/25/2008--MAGELLAN_PETROLEUM_CORP_/DE/
1022646--2/26/2008--ULTRA_PETROLEUM_CORP
912750--2/27/2009--NEWFIELD_EXPLORATION_CO_/DE/
1022646--3/31/2006--ULTRA_PETROLEUM_CORP
1002590--12/10/2008--STAR_GAS_PARTNERS_LP
719209--3/31/2008--ISRAMCO_INC
351817--3/2/2006--SWIFT_ENERGY_CO
1022646--2/28/2007--ULTRA_PETROLEUM_CORP
1108827--2/27/2009--QUESTAR_MARKET_RESOURCES_INC