Thursday, June 26, 2025

Laredo Petroleum Expects to be Operating within Cash Flow by YE2018

Laredo Petroleum, Inc. (ticker: LPI) has released its Q4 and full-year 2017 results. For the fourth quarter of 2017, the company reported net income attributable to common stockholders of $408.6 million, or $1.70 per diluted share – this included a $405.9 million gain on the sale of Laredo’s investment in the Medallion-Midland Basin pipeline system. Adjusted net income (non-GAAP), for

North Dakota Oil Production Clocks in at 1.2 million BOPD, Gas at 2 Bcf/day

Production down slightly as winter chills activity The North Dakota Industrial Commission has released its latest Oil and Gas Production Report, outlining hydrocarbon activity in the state for December 2017. Production was down slightly across the board, as the North Dakota winter slowed operations. Operators produced a total of 1,181 MBOPD in December, compared to 1,197 MBOPD in November. Despite