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Laredo Petroleum, Inc. (LPI) delivers energy solutions through strategic operations in the Permian Basin, a cornerstone of U.S. oil production. This page aggregates official announcements and press releases, providing stakeholders with timely insights into the company’s exploration activities, financial performance, and operational strategies.
Investors and industry observers will find comprehensive coverage of quarterly earnings, asset acquisitions, and technology deployments critical to understanding LPI’s position in the energy market. The curated selection emphasizes material developments affecting production capabilities and resource management.
Key updates include drilling results, partnership announcements, and regulatory compliance milestones. All content piece maintains factual accuracy while avoiding speculative analysis, aligning with financial disclosure standards.
Bookmark this page for streamlined access to Laredo Petroleum’s evolving story in one of America’s most prolific energy regions. Regular visitors gain a structured view of how operational decisions translate to market performance.
Crescent Energy (NYSE:LPI) reported that its stockholders overwhelmingly approved the issuance of Crescent Class A common stock in connection with its proposed merger with Vital Energy.
Based on a preliminary vote count, ~98% of votes cast were in favor, representing ~81% of outstanding Crescent shares voting. The Merger is expected to close on December 15, 2025. Crescent said the transaction is accretive and will file final vote results on a Form 8-K. Crescent previously filed an effective Form S-4 (File No. 333-290422) that includes the joint proxy statement and prospectus.
Crescent Energy (NYSE: CRGY) has announced the acquisition of Vital Energy (NYSE: VTLE) in an all-stock transaction valued at $3.1 billion, including Vital's net debt. Under the agreement, Vital shareholders will receive 1.9062 shares of Crescent Class A common stock for each Vital share, representing a 5% premium to the 30-day VWAP exchange ratio.
The merger will create a top 10 independent energy company with operations across the Eagle Ford, Permian, and Uinta Basins. The deal is expected to generate $90-100 million in annual synergies and includes a $1 billion non-core divestiture pipeline. Post-merger, current Crescent shareholders will own approximately 77% of the combined company, while Vital shareholders will hold 23%.
The transaction, unanimously approved by both boards, is expected to close by year-end 2025, subject to shareholder and regulatory approvals. John Goff will continue as Chairman and David Rockecharlie as CEO of the combined company, headquartered in Houston.
Point Energy Partners II has completed its $1.1 billion all-cash sale of assets to Vital Energy (NYSE: VTLE) and Northern Oil and Gas (NYSE: NOG). The company, backed by Vortus Investments Advisors, has achieved remarkable growth, increasing production from 300 net boepd to over 40,000 net boepd in six years. Point Energy's success is attributed to innovative practices, including the implementation of 15,000-foot laterals and advanced completion designs in the Delaware Basin.
The company has set industry standards by developing 1st Bone Spring and Wolfcamp C targets, while also building complementary midstream and mineral assets. CEO Bryan Moody and Senior Partner John Sabia credited their team's dedication and the support of financial partners for navigating commodity price cycles and achieving a positive exit. Vortus Co-Founders praised the leadership's military background as a key factor in building a scalable operation.
Laredo Petroleum announced its third-quarter 2022 results, reporting a net income of $337.5 million or $20.08 per diluted share, with adjusted EBITDA of $222.8 million. The company generated $182.6 million in cash flow from operating activities and achieved free cash flow of $51.4 million. Laredo reduced its net debt to 1.25x consolidated EBITDAX and repurchased $170 million of debt and stock. For fourth-quarter 2022, production is projected between 72.5 - 75.5 MBOE/day with capital expenditures forecasted at $135 - $145 million.
Laredo Petroleum (LPI) reported preliminary third-quarter 2022 results, with production averaging ~79.5 MBOEPD, slightly within guidance. However, oil production of ~35.0 MBOPD fell short of expectations due to offset operator completions affecting Laredo's wells. The company anticipates fourth-quarter production to decline further. Realized prices were $96.00/bbl for oil, with total capital expenditures of ~$140 million. The company closed a divestiture of non-operated properties for $110 million. Full results will be announced on November 3, 2022.
Laredo Petroleum, Inc. (NYSE: LPI) will announce its third-quarter 2022 financial and operational results on November 3, 2022, after market close. A conference call is scheduled for November 4, 2022, at 7:30 a.m. CT, which can be accessed by dialing 800.715.9871 and using conference code 1804797, or via their website. Laredo focuses on acquiring, exploring, and developing oil and natural gas properties in the Permian Basin of West Texas.
Laredo Petroleum, Inc. (NYSE: LPI) announced its agreement to sell non-operated properties in Howard County for $110 million, expected to close in October 2022. The assets cover approximately 1,650 net acres with an estimated average production of 1,800 BOEPD in 2023, primarily oil. This sale is intended to enhance the company’s net asset value and fund equity and debt repurchase programs. Despite the divestiture, Laredo maintains its strong inventory of high-quality drilling locations.
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