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Laredo Petroleum has detailed its latest completion design strategy and how it has reduced well costs across the board. Additionally, the company has detailed its plan to increase laterals to 10,000'.
The Wolfcamp Shale is an oil and gas zone found throughout the permian basin. See (Permian Basin Geologic Break down) below. However horizontal development over the last few years has been on developing the wolfcamp in the Delaware and Midland Basins.
Delaware Wolfcamp Shale is a separate formation that lies beneath the Bone Spring, it is about 2000' thick.…