press

Laredo Petroleum announces second round of funding from Warburg Pincus
The company, which recently established an office in Midland and is active in the Mid-Continent and Permian Basin, has just announced a second round of equity financing of up to $300 million with Warburg Pincus LLC, a global private equity firm. Warburg Pincus had made an initial $300 million equity financing commitment in July 2007 as Laredo was beginning operations.
November 16, 2008
More »

Laredo Petroleum Announces Second Round of Equity Financing of up to $300 Million from Warburg Pincus
Laredo Petroleum, a rapidly growing independent oil and gas company with headquarters in Tulsa, Oklahoma, today announced that it has closed a second round of equity financing of up to $300 million with Warburg Pincus LLC, the global private equity firm, along with Laredo Petroleum’s senior management team.
November 10, 2008
More »

Laredo CEO on national energy policy: Drill
Randy Foutch offered a one-word answer for America’s energy crisis: Drill.
“We just need to do a lot more of what we’re doing,” said the chairman and chief executive of Tulsa-based Laredo Petroleum, which is active in the Permian, Anadarko and Arkoma basins.
October 27, 2008
More »

CEO Says More Drilling Can Meet Energy Needs
The best alternative to meeting America’s future energy needs is to go traditional, Laredo Petroleum Inc. Chairman and CEO Randy Foutch said Friday.  Calling wind power “unpredictable and unsightly” and ethanol “kind of a joke,” he believes that improved drilling technology and political will can help the nation out of its energy dependence on foreign sources. 
October 25, 2008
More »

Laredo Petroleum builds Permian Basin portfolio
Barely a year after Laredo Petroleum was founded in Tulsa, the producing company is strengthening its ties to the Permian Basin, naming Travis Stice its vice president, Midland operations.
September 21, 2008
More »

Laredo gas field purchase proof of long-term goals
Laredo Petroleum Inc.'s $185 million acquisition of a natural gas field near Chickasha is proof of the year-old outfit's desire to plan for the long term, company officials say.
September 6, 2008
More »

Oil & Gas Investor This Week
Market Intelligence From the Desk of the Editors
Laredo Petroleum plans to buy assets in the Verden area in Oklahoma from Linn Energy for $185MM.
June 9, 2008
More »

Linn Energy to Sell Verden Assets in Oklahoma to Laredo Petroleum for $185 Million; Retains the Option to Participate in Future Drilling
Linn Energy, LLC (Nasdaq: LINE) announced today that it has agreed to sell certain of its assets in the Verden area in Oklahoma to Laredo Petroleum, Inc. for cash consideration of $185 million, subject to closing adjustments.
June 3, 2008
More »

RSU Announces Randy Foutch as Second Executive in Residence
Rogers State University officials recently named Mr. Randy Foutch as the university’s second Executive in Residence. Foutch has a long history in the energy industry and he is currently chairman, chief executive officer and president of Tulsa-based Laredo Petroleum.
More »

Daily Oklahoman Business Q&A Section
Business Writer Debbie Blossom
March 21, 2008
More »

2007 Energy Deal Showcase
A supplement to Oil and Gas Investor
Financial Transactions Case Studies
More »

Laredo Petroleum Announces Formation and Funding of New Mid-Continent Oil and Gas Company
Randy Foutch, Founder of Lariat Petroleum, Inc. and Latigo Petroleum, Inc., in third venture with investment firm Warburg Pincus.
More »

Oilman Forms New Firm
Veteran Tulsa oilman Randy Foutch is creating another locally based petroleum company that he says could employ 175 people in a few years.
More »