Laredo Petroleum

LPI NYSE
2.580
-0.160
-5.84%
After Hours: 2.580 0 0.00% 16:55 08/23 EDT
Open
2.700
Prev Close
2.740
High
2.730
Low
2.560
Volume
3.73M
Avg Vol (3M)
5.75M
52 Week High
9.03
52 Week Low
2.380
% Turnover
1.57%
Market Cap
612.67M
1D
5D
1M
3M
1Y
5Y

Company Profile

Laredo Petroleum, Inc. (Laredo) is an independent energy company. The Company is focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing. The exploration and production of oil and natural gas properties are conducted by it through the exploration and development of its acreage in the Permian Basin. As of December 31, 2016, it had assembled 127,847 net acres in the Permian Basin and had total proved reserves, presented on a three-stream basis, of 167,100 thousand of barrels of oil equivalent (MBOE). The Midstream and marketing segment's operations are conducted by its subsidiary, Laredo Midstream Services, LLC, which buys, sells, gathers and transports oil, natural gas and water primarily for the account of Laredo.
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