Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

    emailEmail    |    bookmarkBookmark

Laredo Ups Ante in Howard County, TX; Bolts On Acreage

Announced Date
October 23,2020
Net Acres
2,758
Location Count
12
Transaction Type
Property
Buyer
Seller
Not Disclosed
Price Per BOE $
40,000
Source Documents:
   Source Link
Location
Region
Permian - Midland Basin

Country
United States

State
Texas

County
Howard

Play


Production
Production
210 Boe/d

Production Mix
80 % Oil


Transaction Details: 

Laredo Petroleum has announced a bolt-on acreage deal deal in Howard County, TX.

The seller or deal terms were not disclosed.

Acquisition includes:

  • Acreage: 2,758 net acres in Howard County, TX
  • Drilling Locations: a total of 12, 10,000-foot locations (12 wells per unit assumption) - there could be 25 additional locations as units are formed
  • Production: 210 BOEPD (80% oil)

This increases the Company's position to 11,299 net acres.

Permian - Midland Basin Deal Activity In Last 12 Months



Other Permian - Midland Basin Region's Deals



Announced DateBuyerSellerDeal Value($mm)LocationCategory
May-10-2021 - - Click here Texas  E&P
May-10-2021 - - Click here Texas  E&P
May-04-2021 - - Click here Texas  E&P
Apr-30-2021 - - Click here Texas  E&P
Apr-01-2021 - - Click here Texas  E&P

Price History



Date Deal Headline Price$/acre
May-10-2021 Laredo to Acquire PE-Backed Sabalo Energy in $715MM Deal - -
May-04-2021 Diamondback Unloads Non-Core Permian Assets in $87MM Deal - -
Apr-01-2021 Pioneer to Acquire PE-Backed DoublePoint for $6.4 Billion - -

Other Laredo Petroleum Inc. Deals



Announced DateBuyerSellerDeal Value($mm)LocationCategory
May-10-2021 - - Click here Texas  E&P
May-10-2021 - - Click here Texas  E&P
Feb-12-2020 - - Click here Texas  E&P
Dec-09-2019 - - Click here Texas  E&P
Nov-05-2019 - - Click here Texas  E&P