Key information

🔎 Fund Overview

Laredo Petroleum, Inc. is an independent energy company, which is focused on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin of West Texas. Its Permian activities are centered on the east side of the basin approximately 35 miles east of Midland, Texas in primarily Glasscock and Reagan Counties. The principal focus of its horizontal drilling activities is an oil play, including a liquids-rich natural gas component, which involves both the Wolfcamp (Upper, Middle, and Lower) and the Cline formations. Its secondary targets include the Spraberry, Canyon, Strawn and ABW intervals. It has assembled approximately 166,064 net acres in the Permian Basin, all of which are held in 398 sections. Its acreage is contiguous in the neighboring Texas counties of Borden, Howard, Glasscock, Reagan, Sterling and Irion. It has two subsidiaries, Laredo Midstream Services, LLC and Garden City Minerals, LLC. It has exploration and production segment.