Statement of Laredo CEO Randy Foutch on the Harvard Business School's Energy Symposium 2009 - 'Accelerating the Future of Energy'

CAMBRIDGE, Mass., Oct. 19/PRNewswire-USNewswire/ -- On Saturday, CEO Randy Foutch of Laredo - a member company of America's Natural Gas Alliance - issued the following statement at the Harvard Business School's Energy Symposium 2009 titled, "Accelerating the Future of Energy:"

"I am honored to be speaking at Harvard Business School's Energy Symposium about the benefits of abundant, clean American natural gas. As our country's leaders debate our energy future and how to best reduce carbon emissions, America's natural gas industry is ready to take on these challenges in both the electricity and transportation sectors. Thanks to new technologies, the U.S. has a more than 100-year supply of abundant natural gas, which will power America through the remainder of this century and well into the next."

"Natural gas - the cleanest fossil fuel and a highly efficient form of energy - will not only help lower carbon emissions, but can create American jobs and stimulate the economy. The industry currently employs three million Americans and added $385 billion to the U.S. economy last year alone. As we move further into the 21st century, Laredo and the natural gas industry look forward to employing many more Americans, reducing America's carbon footprint, and enhancing our nation's energy security."

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. 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. For more information, please visit

America's Natural Gas Alliance (ANGA) represents 28 of the nation's leading independent natural gas exploration and production companies. ANGA members are dedicated to increasing the appreciation of the environmental, economic and national security benefits of clean, abundant, American natural gas. Learn more about ANGA at

SOURCE America's Natural Gas Alliance