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Laredo Petroleum, Inc.

Company Summary

Description

Laredo Petroleum is an independent energy company with headquarters in Tulsa, Oklahoma. Laredo's business strategy is focused on the acquisition, exploration and development of oil and natural gas properties primarily in the Permian Basin in West Texas.

Website

http://www.laredopetro.com/

Financial Data:

NYSE:LPI from Google Finance

Tickers:

  • LPI - New York Stock Exchange

Related Entities

Firm Transport Commitments

Project: Gray Oak Pipeline
Firm Commitment: 35 M Bbls/d

Asset: BridgeTex Pipeline
Firm Commitment: 10 M Bbls/d

Recent news

  • 3/15/2024 - Laredo Oil, Inc. Expands... (subscriber access)
  • 1/23/2024 - Laredo Oil's Subsidiary... (subscriber access)
  • 11/5/2022 - Laredo Petroleum... (subscriber access)
  • 11/5/2022 - Laredo Petroleum Reduced... (subscriber access)
  • 11/5/2022 - Laredo Petroleum... (subscriber access)

Investor Presentations

  • 3Q22 Earnings Presentation
  • May 2021 - Transformative Acquisitions (subscriber access)
  • December 2019 Corporate Update (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 3Q18 Earnings Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • 1Q18 Corporate Presentation (subscriber access)
  • April Corporate Presentation (subscriber access)
  • March Corporate Presentation (subscriber access)
  • Fourth Quarter 2017 Earnings Presentation (subscriber access)
  • YE-17 Reserves & 2018 Budget Presentation (subscriber access)
  • Nov 17 Corporate Presentation (subscriber access)
  • August 2017 Corporate Presentation (subscriber access)
  • 1Q17 Earnings Presentation (subscriber access)
  • Investor Presentation - February 2017 (subscriber access)
  • Corporate Presentation - January 2017 (subscriber access)
  • Investor Presentation - November 2016 (subscriber access)
  • September 2016 Investor Presentation (subscriber access)
  • 2Q16 Earnings Presentation (subscriber access)

Company Transactions

Date: 10/15/2021
Type: Acquisition

DETAILS:

COST: 230 $MM

VOLUMES: 4.4 MBOE/d

ACRES: 20000 Acres

NOTES:
Laredo Petroleum has entered into a deal with Pioneer Natural Resources to acquire 20,000 net acres in western Glasscock County, Texas, for $230 million. The assets hold 4.4 Mboe/d in production (59% oil, 82% liquids) and 135 gross drilling locations (90% working interest.) Laredo will pay $160 million in cash and issue 959,691 shares of common equity for the asset.
REGIONS:
  • Permian Basin
  • Date: 7/1/2021
    Type: Acquisition

    DETAILS:

    COST: 405 $MM

    VOLUMES: 25 MBOE/d

    NOTES:
    Laredo sold off 37.5% of its operated proceed developed producing reserves in Reagan and Glasscock Counties to Sixth Street Partners for $405 million + cash-flow based earn-outs in the next six years. The divestment includes 94 MMboe in reserves (18% oil) and 25 Mboe/d in production at closing (23% oil).
    REGIONS:
  • Permian Basin
  • Date: 7/1/2021
    Type: Acquisition

    DETAILS:

    COST: 715 $MM

    VOLUMES: 14.5 MBOE/d

    ACRES: 21000 Acres

    NOTES:
    Laredo Petroleum has signed a deal to acquire the assets of Sabalo Energy from EnCap Investments and a non-op partner for $715 million. This includes $625 million in cash and 2.5 million shares of Laredo equity. The deal adds on 21,000 net acres and 14.5 Mboe/d in production (83% oil).
    REGIONS:
  • Permian Basin
  • Date: 12/10/2019
    Type: Acquisition

    DETAILS:

    COST: 65 $MM

    VOLUMES: 1.4 MBOE/d

    ACRES: 4475 Acres

    NOTES:
    Laredo Petroleum has purchased 4,475 net acres in a $65 million bolt-on acquisition in Glasscock County, Texas.
    REGIONS:
  • Permian Basin
  • Date: 6/14/2016
    Type: Acquisition

    DETAILS:

    COST: 125 $MM

    VOLUMES: 300 BOE/d

    ACRES: 9200 Acres

    REGIONS:
  • Midland Basin