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Independent Oil Gas

Laredo Petroleum, Inc. is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol "LPI." The company is an independent energy company engaged in the exploration, development, and production of oil and natural gas in the United States.

Here are some key facts and statistics about Laredo Petroleum, Inc.:

1. Company Overview: Laredo Petroleum, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma. The company operates in the Permian Basin, a significant oil-producing region in the southwestern United States.

2. Stock Performance: As of March 10, 2k23, LPI's stock price is around $27.28 per share, with a market capitalization of around $4.33 billion. The stock has experienced significant volatility in recent years due to fluctuations in oil prices and industry trends.

3. Financial Performance: In its most recent quarterly earnings report (Q3 2022), Laredo Petroleum reported a net income of $63.6 million, or $0.39 per diluted share. The company's revenue for the quarter was $310.9 million, a 24% increase year-over-year.

4. Operations: Laredo Petroleum's core operating area is in the Permian Basin, where it holds interests in over 170,000 net acres. The company focuses on drilling and developing horizontal wells in the Permian's Wolfcamp, Spraberry, and Cline formations.

5. Production: In 2022, Laredo Petroleum's total production averaged approximately 27,000 barrels of oil equivalent (Boepd), with an estimated 76% of production comprising oil and natural gas liquids (NGLs) and 24% natural gas.

6. Reserve: As of December 31, 2k22, Laredo Petroleum had estimated proved reserves of 90.9 million barrels of oil equivalent (MMBoe), with a PV-10 value of around $1.5 billion. The company's reserve life is approximately 13 years.

7. Growth Prospects: Laredo Petroleum has been actively investing in its drilling program to expand its production and reserve base. In 2022, the company drilled 25 gross wells and placed 21 gross wells on production.

8. Dividend: Laredo Petroleum, Inc. does not currently pay a dividend to its shareholders, opting instead to reinvest its earnings back into the business to fuel growth.

9. Key Executives: The company's leadership team includes President and Chief Executive Officer Thomas C. Sovat de Ferrari, Executive Vice President and Chief Operating Officer Timothy M. Sloan Jr., and Executive Vice President and Chief Financial Officer Ronald A. Witte.

In summary, Laredo Petroleum, Inc. is an independent energy company focused on exploring, developing, and producing oil and natural gas in the Permian Basin. while facing market volatility, the company has reported steady financial performance, a strong reserve base, and growth prospects through continued investment in drilling and development activities.