traded as nyse lpi industry petroleum industry headquarters tulsa oklahoma key people randy foutch chairman & ceo jay still president & coo richard buterbaugh executive vp & cfo 1 products natural gas petroleum production output 44 thousand barrels of oil equivalent 270 000 gj per day 2 revenue us 606 million 2015 2 operating income us 2.387 billion 2015 2 net income us 2.209 billion 2015 2 total assets us 1.813 billion 2015 2 total equity us 131 million 2015 2 number of employees 340 2015 2 website http www.laredopetro.com laredo petroleum inc. is an independent energy company focused on the exploration development and acquisition of oil and natural gas . the company is based in tulsa oklahoma . as of december 31 2015 warburg pincus owned 41 % of the company . 2 contents 1 current operations 2 history 3 see also 4 references current operations edit as of december 31 2015 the company had 125 million barrels of oil equivalent 760 000 000 gj of estimated proved reserves of which 42 % was oil and 58 % was natural gas . all of these reserves were located in the permian basin . the company controlled 135 408 net acres in the permian basin where it had 1 109 net producing wells . the company had average daily production in 2015 of 44 thousand barrels of oil equivalent 270 000 gj . 2 the company drills almost all of its wells using what it calls the earth model which it claims increases efficiency . 3 history edit the company was founded in october 2006 by randy foutch the current chairman and chief executive officer . 2 in july 2011 the company acquired broad oak energy in a 1 billion transaction which expanded its presence in the permian basin . 4 on december 20 2011 the company became a public company via an initial public offering . 2 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 . 5 as of september 2013 laredo had drilled over 75 horizontal wells targeting four horizons the upper wolfcamp the middle wolfcamp the lower wolfcamp and the cline shale . 6 see also edit list of oil exploration and production companies references edit laredo petroleum management team a b c d e f g h i j k laredo petroleum 2015 form 10 k velda addison july 10 2015 . laredo petroleum finds value in earth model . hart energy . laredo petroleum completes broad oak energy acquisition pdf . july 6 2011 . laredo petroleum exits anadarko basin with 438 mln asset sale . laredo petroleum boasts 15 of the top 20 wells in the cline and wolfcamp formations . september 26 2013 . v t e petroleum industry petroleum primary energy benchmarks argus sour bonny light brent dubai indonesian isthmus 34 light japan cocktail opec reference basket tapis urals western canadian select west texas intermediate data natural gas consumption production reserves imports exports price petroleum consumption production reserves imports exports price of gasoline and diesel exploration core sampling geophysics integrated asset modelling petroleum engineering reservoir simulation seismic to simulation petroleum geology petrophysics reflection seismology seismic inversion seismic source drilling blowout completion squeeze job differential sticking directional drilling geosteering drilling engineering drilling fluid invasion drill stem test lost circulation measurement tracers underbalanced drilling well logging production petroleum fiscal regime concessions production sharing agreements artificial lift pumpjack submersible pump esp gas lift downstream enhanced oil recovery eor steam injection gas reinjection midstream petroleum product pipeline transport refining upstream water injection well intervention xt history 1967 oil embargo 1973 oil crisis 1979 energy crisis 1980s oil glut 1990 oil price shock 2000s energy crisis 2010s oil glut founders history of the petroleum industry nationalization opec seven sisters standard oil oil market timelines provinces and fields list of natural gas fields list of oil fields east midlands oil province east texas gulf of mexico niger delta north sea persian gulf prudhoe bay oil field russia venezuela western canadian sedimentary basin other topics acronyms peak oil mitigation timing people petrocurrency petrodollar recycling shale gas swing producer unconventional oil heavy crude oil sands oil shale companies and organisations major petroleum companies supermajors bp chevron conocophillips exxonmobil royal dutch shell total national oil companies adnoc uae cnooc china cnpc china ecopetrol colombia gazprom russia iraq national oil company indian oil corporation kuwait petroleum corporation lotos poland nigerian national petroleum corporation nioc iran nisoc iran ogdcl pakistan ongc india pdvsa venezuela pkn orlen poland pemex mexico pertamina indonesia petrobras brazil petrochina petronas malaysia petrovietnam ptt thailand qatar petroleum rosneft russia saudi aramco saudi arabia sinopec china socar azerbaijan sonangol angola sonatrach algeria statoil norway ypf argentina energy trading glencore gunvor mercuria naftiran intertrade trafigura vitol other anadarko apache bg group cenovus energy compa a espa ola de petr leos devon eni galp energia hess husky energy imperial oil lukoil marathon oil nippon oil occidental omv port harcourt refining company reliance industries repsol suncor energy surgutneftegas tnk bp tullow oil t pra major services companies amec foster wheeler baker hughes cameron cgg ch2m hill chicago bridge & iron company china oilfield services enbridge ensco ge oil & gas halliburton naftiran intertrade national oilwell varco petrofac saipem schlumberger snam subsea 7 technip transcanada transocean weatherford wood group other international association of oil & gas producers international energy agency international petroleum exchange opec society of petroleum engineers world petroleum council category commons retrieved from https en.wikipedia.org w index.php title laredo petroleum & oldid 712791974 categories companies listed on the new york stock exchangecompanies based in tulsa oklahoma2011 establishments in the united statesoil companies of the united states navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 31 march 2016 at 04 23 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view