Laredo Petroleum - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Laredo Petroleum M&A Summary

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%).

Laredo Petroleum Business Overview

Where is Laredo Petroleum headquartered?

Laredo Petroleum is headquartered in Tulsa, Oklahoma.

What is Laredo Petroleum’s revenue?

Laredo Petroleum disclosed revenue of 1,394M USD for 2021 and 677M USD for 2020.

How many employees does Laredo Petroleum have?

Laredo Petroleum has 273 employees.

What sector is Laredo Petroleum in?

Laredo Petroleum is an energy services and equipment company.

When was Laredo Petroleum founded?

Laredo Petroleum was founded in 2006.

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 ≤ '19 '20 '21 '22 '23 '24 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
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%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

1,394   106% 2021
677   20% 2020
837   25% 2019
1,106   35% 2018
822   38% 2017
597   2% 2016
607   24% 2015
794   20% 2014
665   15% 2013
583   2012
(millions of USD) Show More Show Less

Employees

273

Established

2006

Public

NYSE: LPI

Former Name

Laredo Petroleum Holdings, Inc.

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