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PLAINS RESOURCES ANNOUNCES MANAGEMENT CHANGES

 HOUSTON, Dec. 21 /PRNewswire/ -- Plains Resources Inc. (AMEX: PLX) announced today that Greg L. Armstrong, the company's president and chief operating officer, has been elected chief executive officer of the company.
 Armstrong has been an officer of the company since 1981. Dan M. Krausse, a member of the company's board since 1987, has been elected chairman of the board. Krausse has over 45 years experience in the oil and gas industry, having served as president of Champlin Petroleum Company, founder and chief executive officer of Earth Resources Company, and as a director of Dresser Industries, Inc., Roy M. Huffington, Inc. and Baker Hughes, Inc. Patrick Collins, who previously served as chairman of the board and chief executive officer, will continue as a director of the company.
 Plains Resources is an independent oil and gas exploration and production company headquartered in Houston, Texas. During 1992, it was ranked by The Oil and Gas Journal as 106th among the largest publicly traded oil and gas companies in the United States.
 -0- 12/21/92
 /CONTACT: Nancy J. Kerby, director, investor relations of Plains Resources, Inc., 713-654-1414/
 (PLX)


CO: Plains Resources Inc. ST: Texas IN: OIL SU: PER

PS -- NY009 -- 8645 12/21/92 09:21 EST
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Publication:PR Newswire
Date:Dec 21, 1992
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