Laredo Petroleum Announces Proved Reserves and Production for 2019
Laredo Petroleum, Inc. (LPI)
Last laredo petroleum, inc. earnings: 2/12 04:30 pm
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US:NYSE Investor Relations:
investor.laredopetro.com
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Source: GlobeNewswire
TULSA, OK, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company") today announced year-end reserve estimates and annual production for 2019. 2019 Highlights Exceeded both oil and total production guidance for full-year 2019, producing an average of 28.4 thousand barrels of oil per day ("MBOPD") and 80.9 thousand barrels of oil equivalent per day ("MBOEPD") in full-year 2019, increases of 2% and 19% versus full-year 2018, respectivelyGrew proved oil reserves by 17 million barrels, an increase of 27% versus year-end 2018Grew total proved reserves by 55 million BOE to 293 million BOE, an increase of 23% versus year-end 2018 "The Company's strong performance in 2019 reflects the successful implementation of our returns and Free Cash Flow1 generation focused strategy," commented Jason Pigott, President and Chief Executive Officer. "Results in 2019 were driven by our outstanding operational performance and improved well productivity related to
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