Exploration & Production | Well Lateral Length | Drilling / Well Results | Top Story | General | Quarterly / Earnings Reports | Second Quarter (2Q) Update | Capital Markets | Capital Expenditure | Private Equity Activity
Laredo Focuses on Stacked Laterals, Pad Drilling in the Permian
Print
|
Laredo Petroleum, Inc. announced its 2014 first-quarter results, reporting a net loss attributable to common stockholders of $0.2 million, or $0.00 per diluted share.
Adjusted Net Income, a non-GAAP financial measure, for the first quarter of 2014 was $69.0 million, or $0.49 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the first quarter of 2014 was $187.3 million.
2014 First-Quarter Highlights Increased Permian average quarterly production volumes to a Company record of 27,041 barrels of oil equivalent per day, on a two-stream basis, up approximately 8% from the first quarter of 2013 Increased cash margin to $47.52 per BOE, up 31% from first-quarter 2013 as oil production rose to 58% of overall production Completed seven horizontal wells during the quarter…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…