Laredo Petroleum (LPI) is an Oklahoma-based energy company. Laredo acquires, explores and develops natural gas and oil properties. Founded in 2006, their operations are concentrated in the Permian Basin. The Permian Basin, based in south-eastern New Mexico and west Texas is considered one of the most prolific areas in the United States. The company’s activities are focused on its east side. Laredo owns more than 140,000 acres there, with their drilling activities taking place in the Wolfcamp and Cline formations. The company’s shares are traded on the New York Stock Exchange (NYSE). To learn the latest Laredo Petroleum share price, follow Capital.com.
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