Laredo Petroleum Acquires Pioneer Midland Basin Acreage for $230 Million
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price
$230.0MM
Description
Acquired for cash and stock approximately 20,000 net acres directly offsetting its existing Midland Basin leasehold in western Glasscock County, TX; includes 4,400 boe/d (59% oil, 82% liquids) of current production and 135 gross operated oil-weighted locations.