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Laredo Petroleum history
Laredo Petroleum company history timeline
The company was founded in October 2006 by Randy A. Foutch.
The Company began acquiring acreage in the Midland Basin portion of the Permian Basin in 2008, targeting the thickest sections of the Wolfcamp and Cline shales, with a focus on horizontal development.
In 2009, the Company drilled its first horizontal well in the Midland Basin.
In July 2011, the company acquired Broad Oak Energy in a $1 billion transaction, which expanded its presence in the Permian Basin and the Cline Shale.
In May 2013, the company sold its assets in the Anadarko Basin in western Oklahoma and Texas to affiliates of EnerVest Ltd for $438 million to raise capital for its drilling activities in the Permian Basin.
In July 2016, the company acquired additional acreage in the Midland Basin for $125 million.
In 2017, the company sold its interest in the Medallion Pipeline.
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Laredo Petroleum competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| XTO Energy | 1986 | $4.6B | 3,335 | - |
| Diamond Offshore Drilling | 1978 | $1.1B | 2,500 | - |
| Chesapeake Energy | 1989 | $11.7B | 1,300 | 35 |
| Devon Energy | 1971 | $15.9B | 1,400 | 62 |
| Continental Resources | 1967 | $9.5B | 1,201 | 42 |
| The Williams Companies | 1908 | $10.5B | 5,425 | 214 |
| Geokinetics | 1980 | $43.1M | 4,000 | - |
| Enterprise Products Partners | 1968 | $56.2B | 7,000 | 56 |
| Helmerich & Payne | 1920 | $2.8B | 9,777 | 33 |
| Octagon 88 Resources | - | - | - | - |
Laredo Petroleum history FAQs
Zippia gives an in-depth look into the details of Laredo Petroleum, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Laredo Petroleum. The employee data is based on information from people who have self-reported their past or current employments at Laredo Petroleum. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Laredo Petroleum. The data presented on this page does not represent the view of Laredo Petroleum and its employees or that of Zippia.
Laredo Petroleum may also be known as or be related to Laredo Petroleum, Laredo Petroleum Inc, Laredo Petroleum Inc., Laredo Petroleum, Inc. and Laredo Petroleum, LLC.