Laredo Petroleum, Inc. Company News

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Chesapeake Alum Joins Laredo as CFO
Friday, June 19, 2020Personnel costs for full-year 2020 are also expected to be reduced by 10 percent from 2019 levels.

Is the US Shale Boom Winding Down?
Tuesday, August 06, 2019US shale producers are dialing back growth in the face of challenges that are killing returns and keeping skeptical investors away.

Laredo Petroleum Cuts Staff by 20 Percent
Tuesday, April 09, 2019The Tulsa, Oklahoma-based independent said the cuts are part of a bigger plan to cut company costs.

Permian Shale Primed For Mergers and Acqusitions
Monday, March 11, 2019The Permian Basin is on the cusp of a radical transformation with one simple premise: bigger is better.

Laredo To Sell Permian Pipeline Unit Stake For $825 Million
Monday, October 02, 2017Laredo Petroleum says it would sell its stake in a Permian pipeline unit for $825 million.

Laredo, EnerVest Agree to Anadarko Basin Transaction
Wednesday, May 22, 2013Laredo sells assets to raise capital for drilling activities in the Permian basin.

Laredo Concludes Private Placement of Senior Notes
Thursday, October 20, 2011Laredo has completed an offering of $200 million of senior unsecured notes to eligible purchasers in the private placement market.

Laredo Finalizes Broad Oak Acquisition
Wednesday, July 06, 2011Laredo Petroleum has now completed the previously announced acquisition of Broad Oak.

Laredo to Buy Broad Oak for $1B
Thursday, June 16, 2011Laredo and Broad Oak have entered into definitive agreements whereby Broad Oak will become a wholly-owned subsidiary of Laredo in exchange for aggregate consideration of approximately $1B.

Laredo Petroleum's Increased Bank Credit Supplements Continued Growth
Wednesday, May 13, 2009Laredo Petroleum announced that its eight member bank group has increased its available bank line by $50 million to a total of $180 million.

Laredo Forms New Mid-Continent Oil and Gas Company
Tuesday, July 31, 2007Laredo Petroleum says that Warburg Pincus, the global private equity firm, and company management have agreed to a line-of- equity financing for up to $300 million.

Helmerich & Payne Elects New Director
Thursday, March 08, 2007Helmerich & Payne, Inc. on Wednesday announced that Randy A. Foutch was elected a Director at its Annual Shareholders' Meeting.