Laredo Petroleum, Inc. is an exploration and production company with headquarters in Tulsa, Oklahoma. Laredo’s strategy is to make strategic acquisitions and participate in drilling joint ventures having upside potential in the targeted area of the Mid-Continent and Permian Basin Regions of the United States.
The Company acquires and develops both natural gas and oil reserves and strategic gathering systems. Laredo actively seeks and evaluates acquisition opportunities where the Company can create value through operational improvements, gathering system expansion, development drilling, and exploration upside on and around the acquired properties.
Corporate Goal
Build a long term, sustainable E&P Company through acquisitions, joint ventures and aggressive, internally-generated development/exploration drilling programs.
Key Points
- Each person of the Management Team has an average of over 30 years industry experience
- Proven track record of substantial growth through the drill bit in the Mid-Continent and Permian Basin areas in a sound, environmentally sensitive manner
- Founded companies in the Mid-Continent and Permian areas with combined sales value of over $1.2 billion
- Ability to hire experienced and technically competent personnel
- Excellent track record of bringing forth value through the drill bit and by utilizing the latest technologies in field operations and 3/D seismic