trending Market Intelligence /marketintelligence/en/news-insights/trending/6_6HQowwMKx4nsIEBGZf7g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Laredo acquires Glasscock County acreage for $65M

Blog

Essential Energy Insights - February 2021

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


Laredo acquires Glasscock County acreage for $65M

Laredo Petroleum Inc. acquired 4,475 net acres in Glasscock County, Texas, for $65 million, funded by Laredo's $1.0 billion senior secured credit facility.

The asset has current net production of 1,400 barrels of oil equivalent per day, consisting of 55% oil, according to a Dec. 9 news release.

Laredo President and CEO Jason Pigott said in the release that the property has higher oil productivity than the company's established acreage position.

Laredo Petroleum is focused on the exploration and development of oil and natural gas properties and midstream services, mainly in West Texas' Permian Basin.