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Laredo Transitions to 10,000' Lateral in Midland Wolfcamp Development
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Laredo Petroleum, Inc. has reported an operations update on its Permian type curves as well as it's future plans for its Garden City asset.
Randy A. Foutch, Laredo Chairman and Chief Executive Officer, commented: "In 2015, Laredo has built upon the progress we made last year in our full-scale development plan for our Permian-Garden City asset. We continue to leverage our proprietary database to create value through development and discovery, with more than 4,800 de-risked horizontal locations identified, including locations added from the Canyon formation, where the Company recently completed a successful horizontal discovery well. We believe this large inventory in a premier basin coupled with lower well costs, the ability to drill 10,000-foot laterals on our contiguous acreage base, our…
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