December 5, 2012 / 4:41 PM / 5 years ago

Plains CEO says Freeport deal saves gas assets

(Reuters) - Plains Exploration & Production Co will not have to sell gas assets to fund a recent acquisition as a result of its deal to sell itself to Freeport-McMoRan Copper & Gold Inc, the chief executive of Plains said on Wednesday.

On a conference call to discuss the deal, Jim Flores also said he was bullish on natural gas prices from 2015 onward.

Reporting By Ben Berkowitz; Editing by Gerald E. McCormick

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