Laredo Petroleum Agrees to Partial Sale of Gas-weighted Legacy Permian Assets
Transaction Type
Sellers
Basin
Permian Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price
$405.0MM
Description
Bought operated PDP reserves in gas-weighted legacy assets in Reagan and Glasscock counties, TX, in the Permian Basin; comprises 37.5% of Laredo’s WI in the assets, wellbore WI only, and does not include undeveloped locations.