Laredo Petroleum, Inc. is a petroleum and natural gas exploration and production company headquartered in Tulsa, Oklahoma.
As of December 31, 2016, Warburg Pincus owned 36.2% of the company.
As of December 31, 2016, the company had 167 million barrels of oil equivalent (1.02×10 GJ) of estimated proved reserves, of which 38% was oil and 62% was natural gas. All of these reserves were in the Permian Basin. The company controlled 127,847 net acres in the Permian Basin, where it had 1,088 net producing wells. The company had average daily production in 2016 of 49 thousand barrels of oil equivalent (300,000 GJ).
The company drills almost all of its wells using what it calls the "earth model", which it claims increases efficiency.
The company was founded in October 2006 by Randy A. Foutch.
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.
On December 20, 2011, the company became a public company via an initial public offering.
In May 2013, Laredo 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.