Press Releases
Laredo Petroleum Acquires Bolt-On Midland Basin Acreage
July 14, 2016Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced that it has signed a purchase and sale agreement for additional acreage within the Company's existing footprint in the Midland Basin for $125 million, subject to customary closing price adjustments. The acquisition secures additional rights to the Spraberry interval, enables the drilling of additional 10,000-foot or longer locations, facilitates the new Western Glasscock production corridor and increases the Company's working interest in current leasehold in western Glasscock and Reagan counties, Texas.
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Laredo Petroleum Hosts Investor Meeting and Provides Update
June 13, 2016Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”), will host an investor meeting today in Midland, TX to update current activities, including the successful application of the Earth Model to the Company's drilling program and the positive impact of infrastructure investments on operating expenses.
Read MoreLaredo Petroleum to Webcast Investor Meeting on June 13
June 08, 2016Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”), will host an investor meeting on June 13 in Midland, TX. The meeting will provide an update on current activities and will feature presentations by Company executives, including Chairman and Chief Executive Officer, Randy Foutch.
Read MoreLaredo Petroleum Announces Closing of Offering of Common Stock and Exercise of Underwriters' Option to Purchase Additional Shares
May 16, 2016Laredo Petroleum, Inc., a Delaware corporation (NYSE: LPI) (“Laredo” or the “Company”), announced today the closing of the underwritten public offering of 10,925,000 shares of its common stock, including all 1,425,000 shares of common stock that were subject to the underwriters’ option to purchase additional shares. The Company has used the net proceeds from the sale of the shares of common stock of approximately $120 million after underwriting commissions and expenses, to repay borrowings under its senior secured credit facility.
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Laredo Petroleum Increases 2016 Full-Year Capital Budget and Production Guidance
May 10, 2016Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced it has updated its 2016 capital budget and estimated production.
Read MoreLaredo Petroleum Prices Offering of Common Stock
May 10, 2016Laredo Petroleum, Inc., a Delaware corporation (NYSE: LPI) (“Laredo” or the “Company”), announced today the pricing of an underwritten public offering of 9,500,000 shares of its common stock for total gross proceeds (before underwriting commissions and estimated offering expenses) of approximately $105.9 million. The Company has also granted the underwriters a 30-day option to purchase up to 1,425,000 additional shares of the Company’s common stock.
Read MoreLaredo Petroleum Increases 2016 Full-Year Capital Budget and Production Guidance
May 10, 2016Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced it has updated its 2016 capital budget and estimated production.
Read MoreLaredo Petroleum Announces Offering of Common Stock
May 10, 2016Laredo Petroleum, Inc., a Delaware corporation (NYSE: LPI) (“Laredo” or the “Company”), announced today the commencement of an underwritten public offering of 9,500,000 shares of its common stock, subject to market and other conditions. The Company expects to grant the underwriters a 30-day option to purchase up to 1,425,000 additional shares of the Company’s common stock.
Read MoreLaredo Petroleum Announces 2016 First-Quarter Financial and Operating Results
May 04, 2016Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) today announced its 2016 first-quarter results, reporting a net loss attributable to common stockholders of $180.4 million, or $0.85 per diluted share, which includes a pre-tax, non-cash full cost ceiling impairment charge of $161.1 million.
Read MoreLaredo Petroleum Schedules First-Quarter 2016 Earnings Conference Call for May 5 and Provides Commodity Derivatives Update
April 19, 2016Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) will host a conference call on Thursday, May 5, 2016 at 7:00 a.m. CT (8:00 a.m. ET) to discuss its first-quarter 2016 financial and operating results. Laredo plans to release earnings on Wednesday, May 4, 2016 after market close. The Company also announces preliminary results for its commodity derivatives for first-quarter 2016 and its basic and diluted weighted-average shares outstanding.
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