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Permian Basin Pure Player, To Resume Compling DUCs, D&C Program
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Laredo Petroleum Inc. reported its Q2 2020 results.
HEre is a quick read.
1. The company plans to ramp up completion activity in the second quarter in order to arrest production decline.
2. The company is set to bring back 1 completion crew to complete 15 Howard county,TX DUCs
3. An early look at 2021 shows a similar program as 2020, 2 frac crews and 2-3 rigs.
2.
Wider spaced wells seems to be performing better than expects.
For the second quarter of 2020, the Company reported a net loss attributable to common stockholders of $545.5 million, or $46.75 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the second quarter of 2020 was $28.4 million, or $2.43 per adjusted diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the second quarter of…
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