**Exhibit 4.2**

 

**SECOND SUPPLEMENTAL INDENTURE**

 

This Second Supplemental Indenture, dated as of June 28, 2005 (this “***Supplemental Indenture***” or “***SubsidiaryGuarantee***”), among Brown PXP Properties, LLC, a Texas limited liability company (the “***New******Guarantor***”), Plains Exploration & Production Company (together with its successors and assigns, the“***Issuer***”) and Wells Fargo Bank, N.A., as Trustee under the Indenture referred to below. 

 

WITNESSETH: 

 

WHEREAS, the Issuer, certain of its domestic Restricted Subsidiaries (the “***Subsidiary Guarantors***”) and the Trustee have heretofore executed and delivered an Indenture, dated as of June 30, 2004 (as amended,supplemented, waived or otherwise modified, the “***Indenture***”), providing for the initial issuance of an aggregate principal amount of $250,000,000 of 7 1/8% Senior Notes due 2014 of the Issuer (the “***Securities***”); 

 

WHEREAS, Section 3.10 of the Indenture provides that the Issuer is required to cause each Restricted Subsidiary other than a Foreign Subsidiarycreated or acquired by the Issuer and each of the Congo Domestic Subsidiaries, to the extent set forth in the Indenture, to execute and deliver to the Trustee a Subsidiary Guarantee pursuant to which such Subsidiary Guarantor will unconditionallyGuarantee, on a joint and several basis with the other Subsidiary Guarantors, the full and prompt payment of the principal of, premium, interest and Additional Interest, if any, on the Securities on a senior basis; and 

 

WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee and theIssuer are authorized to execute and deliver this Supplemental Indenture to amend the Indenture, without the consent of any Securityholder; 

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the NewGuarantor, the Issuer and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Securities as follows: 

 

ARTICLE I 

 

Definitions 

 

SECTION 1.1 Defined Terms. As used in this Subsidiary Guarantee, terms defined in the Indenture or in the preamble or recital hereto are used herein as therein defined, except that the term “***Holders***” in thisSubsidiary Guarantee shall refer to the term “***Securityholders***” as defined in the Indenture and the Trustee acting on behalf or for the benefit of such Holders. The words “***herein***,”“***hereof***” and “***hereby***” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof. 

 

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ARTICLE II 

 

Agreement to be Bound Subsidiary Guarantee 

 

SECTION 2.1 Agreement to be Bound. The New Guarantor hereby becomes a party to the Indenture as a Subsidiary Guarantor and as such will have all ofthe rights and be subject to all of the obligations and agreements of a Subsidiary Guarantor under the Indenture. The New Guarantor agrees to be bound by all of the provisions of the Indenture applicable to a Subsidiary Guarantor and to perform allof the obligations and agreements of a Subsidiary Guarantor under the Indenture. 

 

SECTION 2.2 Subsidiary Guarantee. The New Guarantor hereby fully, unconditionally and irrevocably guarantees, as primary obligor and not merely as surety, jointly and severally with each Subsidiary Guarantor,to each Holder of the Securities and the Trustee, the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the Obligations pursuant to Article X of the Indenture on a senior basis.

 

ARTICLE III 

 

Miscellaneous 

 

SECTION 3.1 Notices. All notices and other communications to the NewGuarantor shall be given as provided in the Indenture to such New Guarantor, at the following address, with a copy to the Issuer as provided in the Indenture for notices to the Issuers: c/o Plains Exploration & Production Company, 700 Milam,Suite 3100, Houston, Texas 77002. 

 

SECTION 3.2 Parties.Nothing expressed or mentioned herein is intended or shall be construed to give any Person, firm or corporation, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of this Supplemental Indentureor the Indenture or any provision herein or therein contained. 

 

SECTION 3.3 Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York. 

 

SECTION 3.4 Severability Clause. In case any provision in this Supplemental Indenture shall be invalid, illegal orunenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

 

SECTION 3.5 Ratification of Indenture; SupplementalIndentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indentureshall form a part of the Indenture for all purposes, and every Holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of thisSupplemental Indenture. 

 

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SECTION 3.6 Counterparts. The parties hereto may sign one or more copies of this SupplementalIndenture in counterparts, all of which together shall constitute one and the same agreement. 

 

SECTION 3.7 Headings. The headings of the Articles and the sections in this Subsidiary Guarantee are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation ofany provisions hereof. 

 

**[SIGNATURE PAGE FOLLOWS]**

 

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as ofthe date first above written. 

 
BROWN PXP PROPERTIES, LLC, as a Subsidiary GuarantorBy: 
/s/ Stephen A. Thorington
Name: Stephen A. ThoringtonTitle: Vice President and TreasurerWELLS FARGO BANK, N.A., as TrusteeBy: 
/s/ Melissa Scott
Name: Melissa ScottTitle: Vice PresidentPLAINS EXPLORATION & PRODUCTION COMPANYBy: 
/s/ Stephen A. Thorington
Name: Stephen A. ThoringtonTitle: Executive Vice President and Chief Financial Officer
 

**[SecondSupplemental Indenture Signature Page]**