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July 16, 2014
08:07 EDTLPILaredo Petroleum sees Q2 derivatives loss of about $63.1M
For Q2, Laredo expects to report a loss on derivatives of approximately $63.1M, including approximately $4.4M net cash paid on settlements of matured derivatives. Although management does not expect these numbers to change, they are preliminary and unaudited.
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January 29, 2015
07:06 EDTLPILaredo Petroleum reports record 2014 production of 11.7 MMBOE
Laredo Petroleum announced proved reserves and preliminary operating results for year-end 2014 and preliminary results for its commodity derivatives for 4Q14. Laredo produced 11.7 MMBOE in 2014, all from the Permian Basin, up approximately 29% from the company's 2013 Permian Basin production of 9.1 MMBOE; 4Q14 production averaged 39.7K BOE/D. Reported increased proved reserves to a record 247.3 MMBOE and proved developed reserves to a record 105.6 MMBOE, up approximately 21% and 47%, respectively, from year-end 2013. The company increased the oil component of proved reserves to approximately 57% from 55% at year-end 2013. The company increased the pre-tax present value of the company's reserves to approximately $4.2B, up approximately 39% from the prior year , and replaced approximately 470% of production with the drill-bit.
January 20, 2015
09:33 EDTLPILaredo Petroleum says to cut workforce by approximately 75 employees
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09:18 EDTLPI, LPILaredo Petroleum upgraded to Outperform from Underperform at CLSA
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