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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.
Laredo Petroleum has filed a prospectus supplement with the SEC to potentially raise up to $75 million through an 'at-the-market' offering program. This program allows for the sale of shares over time, facilitated by Wells Fargo Securities as the sales agent. The funds raised will support general corporate purposes, including capital expenditures and debt refinancing. This offering is part of an effective automatic shelf registration statement and will not constitute an offer until registered properly.
Laredo Petroleum (NYSE: LPI) announced its fourth-quarter and full-year 2020 results, reporting significant operational shifts to Howard County. Highlights include a 27% reduction in capital expenditures and a 21% decrease in drilling costs to $540 per foot. Average production was 87,750 BOE/day, with oil production averaging 26,849 BOPD. A net loss of $874.2 million was reported for 2020, but expectations for 2021 indicate potential Free Cash Flow of $25-$40 million. The company aims for increased oil production through enhanced efficiency and a robust hedging strategy.
Laredo Petroleum, Inc. (LPI) has postponed its fourth-quarter 2020 financial results release and conference call due to severe winter weather affecting operations in Oklahoma and Texas. The new release date is set for February 22, 2021, after market close, with the conference call scheduled for February 23, 2021, at 7:30 a.m. CT. This decision was made to ensure the safety of its team amidst hazardous travel conditions and power outages.
Laredo Petroleum, Inc. (NYSE: LPI) will announce its fourth-quarter 2020 financial results after the market closes on February 17, 2021. A conference call to discuss these results will be held on February 18, 2021, at 7:30 a.m. CT. Participants can join by calling 877.930.8286 or listening online at www.laredopetro.com. A replay will be available shortly after the call until February 25, 2021.
Laredo is an independent energy company based in Tulsa, Oklahoma, focusing on acquisition, exploration, and development of oil and natural gas properties in the Permian Basin.
Laredo Petroleum, Inc. (NYSE: LPI) has appointed Jarvis Hollingsworth and Lori Lancaster to its Board of Directors, effective November 19, 2020. Hollingsworth brings extensive corporate governance and strategic experience, previously serving as General Counsel at Kayne Anderson Capital Advisors. Lancaster, with over 20 years in energy investment banking and a key player in $60 billion of M&A transactions, will provide significant insights as Laredo transforms its asset base. The CEO expressed excitement over these appointments, aiming to enhance the Board's diversity and expertise in challenging industry times.
Laredo Petroleum reported a third-quarter 2020 net loss of $237.4 million, or $20.32 per diluted share. However, Adjusted Net Income was $47 million, or $4.02 per adjusted diluted share. The company generated $71 million in Free Cash Flow and reduced net debt by $64 million. Laredo raised its fourth-quarter and full-year 2020 oil and total production guidance, highlighting operational effectiveness in Howard County. The company hedged 80% of anticipated 2021 oil production at a weighted-average price of $50.80 per barrel, enhancing cash flow protection.
Laredo Petroleum (NYSE: LPI) announced the reaffirmation of its Senior Secured Credit Facility borrowing base at $725 million. In addition, it acquired 2,758 net acres in Howard County for $11.3 million, producing 210 BOE per day. Current borrowings were decreased from $275 million to $220 million, increasing liquidity to $476 million. This acquisition added 12 new drilling locations and enhanced existing ones, strengthening Laredo's operational strategy in the Permian Basin.
Laredo Petroleum, Inc. (NYSE: LPI) is set to announce its third-quarter financial and operational results on November 4, 2020, post-market closure. Following the results, a conference call will take place on November 5, 2020, at 7:30 a.m. CT. Participants can join by dialing 877.930.8286 or from the company's website. Laredo Petroleum focuses on acquiring, exploring, and developing oil and natural gas properties in West Texas's Permian Basin.
Laredo Petroleum, Inc. (NYSE: LPI) announced the appointment of Lisa Lambert to its Board of Directors effective August 13, 2020. Her background in technology and innovation is expected to enhance the Company's digital transformation efforts aimed at increasing efficiencies and cost savings. Lambert is currently the Chief Technology and Innovation Officer at National Grid and has substantial experience in leading investment initiatives. Meanwhile, Peter Kagan has resigned from the Board, marking a significant management change.
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