Current LPI Stock Info

Private Global Infrastructure Partners will acquire major Midland pipe system

Laredo Petroleum (ticker: LPI) announced today the sale of its interest in the Medallion Midstream pipeline system.

Privately-held Global Infrastructure Partners will pay $1.825 billion in cash for total ownership in Medallion. These proceeds will be split between Laredo and The Energy & Minerals Group, a private investment firm.

Medallion is the largest privately-held crude oil transportation system in the Midland basin, with over 800 miles of pi...

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