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UNDERWRITERS LED BY SMITH BARNEY, HARRIS UPHAM & CO. OFFER 1,200,000 SHARES OF COMMON STOCK OF PLAINS RESOURCES INC.

 UNDERWRITERS LED BY SMITH BARNEY, HARRIS UPHAM & CO. OFFER
 1,200,000 SHARES OF COMMON STOCK OF PLAINS RESOURCES INC.
 HOUSTON, Jan. 23 /PRNewswire/ -- Plains Resources Inc. (AMEX: PLX) today said that Smith Barney, Harris Upham & Co. Incorporated, The First Boston Corporation and Howard, Weil, Labouisse, Friedrichs Incorporated have commenced the public offering of 1,200,000 shares of common stock of Plains Resources Inc. at $16.00 per share.
 The shares being offered include 875,000 to be issued by Plains Resources Inc. and 325,000 shares held by certain unaffiliated shareholders.
 -0- 1/23/92
 /CONTACT: Nancy J. Kerby, manager-investor relations of Plains Resources, 713-654-1414/
 (PLX) CO: Plains Resources Inc. ST: Texas IN: OIL SU: OFR


JT -- NY111 -- 3078 01/23/92 18:53 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 23, 1992
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