Laredo Petroleum Tacks On Another Permian Basin Acquisition
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price
$65.0MM
Description
Bought 4,475 contiguous net acres (80% HBP) in Glasscock County, TX, in the Permian Basin with current net production of 1,400 boe/d (55% oil) and about 45 total gross (35 net) locations across the Lower Spraberry, Upper Wolfcamp and Middle Wolfcamp formations.