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Sabalo Energy, LLC

Company Summary

Description

Sabalo Energy is a privately held Corpus Christi, Texas-based independent oil and gas company focused on the exploration and exploitation of oil and gas properties in various onshore U.S. basins.

Website

http://www.sabaloenergy.com/

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Recent news

Company Transactions

Date: 7/1/2021
Type: Acquisition

BUYERS:
  • Laredo Petroleum, Inc.
    • SELLERS:
  • Sabalo Energy, LLC
  • EnCap Investments L.P.
    • 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