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Laredo Increase 2015 Capex Guidance
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Laredo Petroleum, Inc. has announced its 2015 second-quarter results.
2015 Second-Quarter Highlights Produced 46,532 barrels of oil equivalent (BOE) per day, up approximately 38% from the comparable second quarter of 2014 Reduced unit cash costs to $13.52 per BOE, a decrease of approximately 28% from the second-quarter 2014 rate of $18.85 per BOE, on a three-stream basis Continued growth of the pipeline system managed by Medallion Gathering and Processing, LLC (Medallion), which is 49%-owned by Laredo Midstream Services, LLC (LMS), as total volumes increased to approximately 35,000 barrels of oil per day (BOPD) in the second quarter and are expected to be approximately 60,000 BOPD in the third quarter Increasing hedged pricing for oil by $21.62 per barrel and natural gas by $0.47 per…- ✓ Full news archive — U.S., Canada & international coverage
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