Laredo Petroleum Mergers and Acquisitions Summary

Energy Services And EquipmentCompany

Laredo Petroleum has acquired 3 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Laredo Petroleum’s largest acquisition to date was in 2011, when it acquired Broad Oak Energy for $1.0B. It’s largest disclosed sale occurred in 2013, when it sold Laredo Petroleum - Anadarko Basin Assets to EnerVest for $438M. Laredo Petroleum has acquired in 2 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Join Mergr and gain access to Laredo Petroleum’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

Laredo Petroleum

Laredo Petroleum, Inc.

15 West Sixth Street, Suite 900,
Tulsa, Oklahoma 74119
United States,
(918) 513-4570
www.laredopetro.com

Laredo Petroleum is an independent energy company. Laredo's business strategy is focused on the acquisition, exploration and development of oil and natural gas properties. Laredo Petroleum was founded in 2006 and is based in Tulsa, Oklahoma.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.2/yr) # 2 - - - 1 - 3
vol $1.2B $715M $1.9B
Sell (0.0/yr) # 1 - - - - - 1
vol $438M $438M
  4

Most Recent M&A

Company Date Value Type
Sabalo Energy LLC 2021-05-09 715M USD Add-on Acquisition
Corpus Christi, Texas · www.sabaloenergy.com
Laredo Petroleum - Anadarko Basin Assets 2013-05-21 438M USD Divestiture
Tulsa, Oklahoma
Broad Oak Energy, Inc. 2011-06-15 1.0B USD Add-on Acquisition
Dallas, Texas
Linn Energy LLC - Verden Assets 2008-08-15 185M USD Divestiture
, Oklahoma
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (100%) 1.9B (100%) - -
Energy Services and Equipment - - 1 (100%) 438M (100%)
Total 3 $1.9B 1 $438M

By Geo

State/Country Buy Value Sell Value
United States 3 1.9B 1 438M
  Texas 2 1.7B - -
  Oklahoma 1 185M 1 438M
Total 3 $1.9B 1 $438M

Top M&A Advisors

Financial Deals
Tudor, Pickering, Holt & Co., LLC
1
Legal Deals
Akin Gump Strauss Hauer & Feld LLP
1

Deal Values

buy # Total
> $1B 1 $1.0B
$100M to $1B 2 $900M
TOTAL $1.9B
Largest Broad Oak Energy, Inc.
$1.0B (2011-06-15)
sell # Total
$100M to $1B 1 $438M
TOTAL $438M
Largest Laredo Petroleum - Anadarko Basin Assets
$438M (2013-05-21)

M&A Connections

Deals
Acquired from
Investor(s)
67%
2 (67%)
Strategic(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
1 (100%)

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