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Laredo Ups Year-End Production Guidance to 3.4 to 3.6 MMBOE
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Laredo Petroleum, Inc. announced updates on guidance for fourth-quarter 2014 production and horizontal well completions, fourth-quarter 2014 hedges and its potential transaction and investor meeting.
Production GuidanceLaredo increased fourth-quarter 2014 production guidance to 3.4 to 3.6 million barrels of oil equivalent from the previously announced guidance of 3.2 to 3.5 MMBOE. Production volumes have been positively impacted by the progress the Company has made in completion operations to reduce horizontal well completion backlog and cycle time. Laredo now expects to complete 15 horizontal wells that will achieve a full month of peak production in the fourth quarter, an increase from the previously announced guidance of 12.
Fourth-Quarter 2014 HedgesAt December 1, 2014, the Company…
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