Permitting Activity
October 12,2022 : Laredo Energy VI, LP Permitted the REUTHINGER 126H Horizontal well in Webb,TX : Eagle Ford ShaleOctober 12,2022 : Laredo Energy VI, LP Permitted the REUTHINGER 127H Horizontal well in Webb,TX : Eagle Ford ShaleOctober 12,2022 : Laredo Energy VI, LP Permitted the REUTHINGER 128H Horizontal well in Webb,TX : Eagle Ford ShaleSeptember 07,2022 : Laredo Energy VI, LP Permitted the NEEDMORE-SCIBIENSKI 401H Horizontal well in Webb,TX : Eagle Ford ShaleSeptember 07,2022 : Laredo Energy VI, LP Permitted the RETAMA RANCH 107H Horizontal well in Webb,TX : Eagle Ford Shale Click here for More Permits ActivityCompletion Activity / Well Results
December 07,2021 : Laredo Energy VI, LP completed the HUISACHE E 116H well in Webb,TX. The Well flowed 36.699 MMcf of gas on a 6,610 foot lateral .December 07,2021 : Laredo Energy VI, LP completed the HUISACHE E 117H well in Webb,TX. The Well flowed 35.7 MMcf of gas on a 6,586 foot lateral .October 12,2021 : Laredo Energy VI, LP completed the NEEDMORE 145H well in Webb,TX. The Well flowed 23.469 MMcf of gas on a 6,044 foot lateral .October 12,2021 : Laredo Energy VI, LP completed the NEEDMORE 146H well in Webb,TX. The Well flowed 24.942 MMcf of gas on a 5,964 foot lateral .September 07,2021 : Laredo Energy VI, LP completed the REUTHINGER 129H well in Webb,TX. The Well flowed 50.931 MMcf of gas on a 6,220 foot lateral . Click here for More Completion ActivityLatest News & Activity
Capital Raised
Announced Date | Amount($MM) | Type | Headline | |
---|---|---|---|---|
Nov-30-2018 | Debt | Eagle Ford Operator Scores $200MM for 2019 Development | ||
May-28-2014 | Equity | Laredo Energy Lands $130 Million to Drill Eaglebine | ||
Total |
About
Laredo Energy has amassed over 80,000 acres in Webb County, Texas, overlaying an area known as the dry gas window of the Eagle Ford Shale. The company produces over 90 million cubic feet of natural gas per day, selling into the South Texas market with access to Mexican export channels, to LNG terminals for global sales, and into pipelines directly servicing Gulf Coast petrochemical facilities.
Laredo began as a conventional producer of natural gas in the shallow horizons of South Texas. In 2017, management embarked on a path to develop deeper zones which have proven to be prolific by nearby operators in the Eagle Ford Shale. In addition to 3D seismic data, which Laredo owns over its entire acreage position, extensive petrophysical and core analysis identified Laredo’s acreage to be highly prospective for Eagle Ford Shale, with the Lower and Upper Eagle Ford as primary and secondary targets, respectively. Laredo is backed by Avista Capital, with additional investments by Chambers Energy and Liberty Mutual.
In the near term, Laredo is focused on realizing the opportunity to grow substantially by optimizing its current production practices and by establishing a Lower Eagle Ford development program. In the longer term, the company plans to continually improve its cost structure and bring technology (and technology partners) to the forefront of operations to fully unlock the potential of Laredo’s South Texas asset.
Suite 400
Houston TX 77024
Basin |
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GULF COAST BASIN |
Personnel (5 people)
Chairman, President & CEO
Phone : -
VP of Operations
Phone : -
Director & Senior VP of Geology
Phone : -
VP
Phone : -
Chief Geologist
Phone : -
Frist Name | Last Name | Title | Phone | |
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Glenn D. | Hart | Chairman President & CEO | 713.600.6000 | |
Jeff | Shyer | VP of Operations | 713.600.6000 | |
Jerry F. | Holditch | Director & Senior VP of Geology | 713.600.6000 | |
P. Richard | Gessinger | VP | 713.600.6000 | |
Paul | Thompson | Chief Geologist | 713.600.6000 |
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