Operator · Wolfcamp Shale, Cline Shale & Permian Basin
Laredo Petroleum Inc.
80 articles mentioning Laredo Petroleum Inc. · Page 2 of 4
Laredo Petroleum Out of NYSE Compliance
Laredo Petroleum Inc. received notice from the NYSE that the average closing price of the Company's common stock over the prior 30-consecutive trading day period was below $1.00 per share, which is the minimum average share...
Laredo Petroleum Talks Revised 2020 Capex & Development Plan
Laredo Petroleum today provided an update on its 2020 development plan and hedge book. The Company has reduced its 2020 capital budget by 36%, to $290 million from the previously-announced $450 million, and expects to generate...
Laredo Issues 2020 Capex Program; Oil Growth, $360 Million
Laredo Petroleum finally provided a full year 2020 capex and production guidance, after issuing initially a 1Q2020 guide. We have written at length about the fact that the compay production over the last year had gotton...
Laredo Adds to Former California Resources Chairman to Board
Laredo Petroleum, Inc. announced the appointment of William Albrecht to the Company's Board of Directors. His appointment as an independent director and as a member of the Board's Compensation and Nominating and Corporate Governance committees was...
Laredo Petroleum Reports Q4 2019 Results
Laredo Petroleum, Inc. announced its fourth-quarter and full-year 2019 results. As you can see from the chart, Laredo's Production Oil mix continues to fall off the cliff. Production vs Wells Online Production Mix For the fourth...
Despite Increased Total Output, Laredo Petroleum's Oil Production Falls
Laredo Petroleum issued a look at its preliminary fourth quarter results. Here is a quick look. Laredo Petroleum said "Results throughout the year were driven by consistent operational efficiency gains that positively impacted cycle times and...
Laredo Petroleum Adds Castleton CEO to Board
Laredo Petroleum, Inc. announced the appointment of Craig Jarchow to the Company's Board of Directors. His appointment as an independent director is effective December 10, 2019. About Jarchow Mr. Jarchow has more than 25 years of...
Laredo Petroleum Reports Q3 2019 Results
Laredo Petroleum, Inc. announced its 2019 third-quarter results, reporting net loss attributable to common stockholders of $264.6 million, or $1.14 per diluted share, which includes a non-cash full cost ceiling impairment charge of $397.9 million. Adjusted...
Laredo Petroleum Oil Production Falls, Getting Gassy
Laredo Petroleum, Inc. is reporting that it has increased its completion and spending plans for the full-year 2019. However, given a closer look, something bigger is happening here. The real story that is emerging is that...
Laredo Petroleum Promotes Pigott to CEO
Laredo Petroleum, Inc. reported that Jason Pigott will succeed Randy A. Foutch as the Company's Chief Executive Officer, effective October 1, 2019. Mr. Pigott will continue in his role as President. Mr. Foutch will remain Chairman...
Laredo Petroleum Details Q2 2019 Results; Ups Production Outlook 14%
Laredo Petroleum, Inc. announced its 2019 second-quarter results, reporting net income attributable to common stockholders of $173.4 million, or $0.75 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the second quarter of 2019...
Laredo's Oil Production Falls off The Cliff; Ups 2019 Budget, More Wells
Laredo Petroleum reported its Q1 results and One thing that something that stuck out was that the company's oil mix continues to fall even though its production keep raising; put another way, the company is getting...
Laredo Taps Former Chesapeake VP as New President
Laredo Petroleum has named Mikell J. (Jason) Pigott as its new President and a member of the Board of Directors, effective May 28, 2019. Mr. Pigott will succeed Randy A. Foutch as Laredo’s Chief Executive Officer...
Laredo Cuts Workforce by 20%, Including VP Level Execs; Names New CFO
Laredo Petroleum has announced the appointment of a new CFO as well as a 25% reduction in costs related to administrative/employee expenses. Cost Cuts Laredo has cut its total employee count by 20%, including an over...
Two Laredo Petroleum Execs Retire
Laredo Petroleum Inc. has announced the retirement of Dan C. Schooley, Senior Vice President - Midstream, Marketing & Subsurface and Kenneth E. Dornblaser, Senior Vice President - Legal & Administration. Concurrently, the Company's Board of Directors...
Permian E&P: Well Spacing Issues Driving Oil Production Lower; Revises Type Curve
Laredo Petroleum reported its Q4 2018 results. While reviewing the results, Shale Experts noticed that the company has decided to address the lower oil productivity. Here is what the company said (below image). The image below...
Laredo Cuts Spending, Completions by Nearly 50% for 2019
Laredo Petroleum has detailed its 2019 capital plan along with its Q4 2018 results. *Budget assumes $54/barrel WTI 2019 Plan - 2019 Capex: $365 million D&C of $300 million Facilities / Land budget of $65 million...
Laredo Petroleum Adds Former Energen Director to Board
Laredo Petroleum has appointed Frances Powell Hawes to the Company's Board of Directors. About Powell Hawes Ms. Powell Hawes has served as an independent director for Archrock, Inc. since 2015 and was previously on the Board...
Laredo Touts Increased Efficiencies in Q3; Success with Higher Density Tests
Laredo Petroleum reported its Q3 2018 results. 2018 Third-Quarter Highlights Produced a Company record 71,382 BOEPD in Q3 - up +19% YOY and up +6% from 2Q18 In Q3, Laredo completed 16 gross (16 net) horizontal...
Laredo Names New Chief Operating Officer
Laredo Petroleum has announced the promotion of T. Karen Chandler to Senior Vice President and Chief Operating Officer. Dr. Chandler joined Laredo in 2012 and has served as Vice President—Operations since 2016. About Chandler: Prior to...