Operator · Wolfcamp Shale, Cline Shale & Permian Basin
Laredo Petroleum Inc.
80 articles mentioning Laredo Petroleum Inc. · Page 1 of 4
Another Large Permian E&P to Cut Frac Fleets by 50% in 2023
Vital Energy, previously Laredo Petroleum provided and update to its capital and development plans for 2023. Capital Investments.Vital Energy plans to operate two drilling rigs and one completions crew throughout the remainder of 2023. Gains in...
Laredo Petroleum Third Quarter 2022 Results
Laredo Petroleum, Inc. reported its third quarter 2022 results. Third-Quarter 2022 Highlights: Reported net income of $337.5 million and cash flows from operating activities of $182.6 million, generating Adjusted EBITDA1 of $222.8 million and Free Cash...
Laredo Petroleum Adds Two New Directors to Board
Laredo Petroleum Inc. announced that John Driver and Shihab Kuran have been appointed as independent members of its Board of Directors, effective June 24, 2022. About Driver: Mr. Driver is a technology entrepreneur and innovator with...
Laredo Petroleum First Quarter 2022 Results
Laredo Petroleum Inc. announced its first-quarter 2022 financial and operating results. First-Quarter 2022 Highlights: Reported a net loss of $86.8 million and cash flows from operating activities of $170.9 million, generating Adjusted EBITDA1 of $222.1 million...
Laredo to Drill 65, Complete 55 Wells in 2022; Two Rigs, 1-2 Frac Crews
Laredo Petroleum, Inc. announced its capital budget and production guidance for full-year 2022. 2022 Plan - Capex: $520 million - up 17% vs. 2021 D&C Total: $436 million D&C Op: $416 million (80%) D&C Non-Op Activity:...
Laredo Petroleum Fourth Quarter, Full Year 2021 Results
Laredo Petroleum, Inc. announced its fourth-quarter and full-year 2021 financial and operating results. 2021 Highlights: Grew development inventory through acquisition of ~41,000 net acres in Howard and western Glasscock counties, adding ~250 high-margin, oil-weighted locations Added...
Laredo Petroleum Third Quarter 2021 Results
Laredo Petroleum, Inc. announced its third-quarter 2021 financial and operating results. Third-Quarter 2021 Highlights: Announced second significant acquisition of 2021, agreeing to purchase ~20,000 net acres in western Glasscock County, extending the Company's high-margin, oil-weighted development...
U.S. E&P Companies Continue to Consolidate; Oasis, Chesapeake, Laredo, PVA, & More
A big trend for 2021 sees E&Ps expanding their asset portfolios in core areas, while simultaneously discarding their positions in non-core plays. Companies such as Whiting, Chesapeake, Oasis, Laredo, and numerous others have struck deals recently...
Laredo Petroleum Second Quarter 2021 Results
Laredo Petroleum, Inc. announced its second-quarter 2021 financial and operating results. Second-Quarter 2021 Highlights: Announced agreements to purchase the assets of Sabalo Energy, LLC ("Sabalo") and divest of 37.5% of the Company's legacy proved developed producing...
Laredo Seals $715MM Deal for Sabalo Energy's Assets
Laredo Petroleum, Inc. has closed two deals. The company closed its previously announced transaction to acquire the oil-weighted Howard County leasehold of Sabalo Energy LLC, a portfolio company of EnCap Investments, for $715 million ($606 million...
Laredo Petroleum First Quarter 2021 Results
Laredo Petroleum, Inc. announced its first-quarter 2021 financial and operating results. Q1 2021 Highlights: Generated $71 million of cash flows from operating activities and $22 million of Free Cash Flow1 Sold 723,579 shares at an average...
Laredo Plans Flat Capex for 2021, Increases Completion Plans; Q4 2020 Results
Laredo Petroleum, Inc. detailed its 2021 plan and also announced its fourth-quarter and full-year 2020 financial and operating results. 2021 Plan - Capex: $360 million in 2021 - up 3% from 2020 D&C: $300 million Facilities,...
Laredo Adds Two New Directors to Board
Laredo Petroleum, Inc. announced the appointment of Jarvis Hollingsworth and Lori Lancaster to the Company’s Board of Directors. Their appointments as independent directors are effective November 19, 2020. About Hollingsworth Mr. Hollingsworth’s extensive experience leading and...
Laredo Petroleum Third Quarter 2020 Results
Laredo Petroleum, Inc. announced its third-quarter 2020 results. For the third quarter of 2020, the Company reported a net loss attributable to common stockholders of $237.4 million, or $20.32 per diluted share. Adjusted Net Income, a...
Laredo Petroleum Reaffirms Borrowing Base
Laredo Petroleum reported the results of its credit facility redetermination. The borrowing base of the Company's Senior Secured Credit Facility was reaffirmed at $725 million in association with the semi-annual redetermination process. Senior Secured Credit Facility...
Laredo Petroleum Adds New Director to Board
Laredo Petroleum, Inc. announced the appointment of Lisa Lambert to the Company’s Board of Directors. Her appointment as an independent director was effective August 13, 2020. Additionally, Peter Kagan has resigned from the Board, also effective...
Permian Basin Pure Player, To Resume Compling DUCs, D&C Program
The company plans to resume completing its inventory of DUC wells.
From the Presentation Manager: Key Slides from EOG, Devon, Murphy, Laredo
This week, we pulled several key slides from our Presentation Manager. They are from the latest presentations of several E&Ps, including: EOG Resources, Murphy Oil Corp., Laredo Petroleum and Devon Energy Corp. EOG Resources EOG does...
Ex-Chesapeake Exec Heads to Laredo Petroleum
Laredo Petroleum, Inc. has reported a management change as well as a G&A update. CFO Departs The company has named Bryan Lemmerman as Senior Vice President and Chief Financial Officer, effective June 30, 2020. Michael Beyer...
Laredo Petroleum First Quarter 2020 Results
Laredo Petroleum, Inc. reported its Q1 2020 results. Laredo announced its first-quarter 2020 results. For the first quarter of 2020, the Company reported net income attributable to common stockholders of $235.1 million, or $1.01 per diluted...