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Laredo Energy Receives $130 Million In Equity

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May 28, 2014

Laredo Energy received $130 million in private-equity commitments from Avista Capital Partners and Liberty Energy Holdings LLC, the company said May 28.

The equity will support the company’s drilling program, Laredo said, noting that it has drilled more than 200 natural gas wells in South Texas since 2001.

Laredo plans to expand its operations to include a new drilling program for the Eaglebine in East-Central Texas, the company said.

This year, the company plans to drill 25 wells from two running rigs, Laredo said. There is more than 300 billion ...


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