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      Vital Energy, Inc. (formerly Laredo Petroleum, Inc.) is an American company engaged in hydrocarbon exploration incorporated in Delaware with its principal operational headquarters located in Tulsa, Oklahoma.
      Laredo Petroleum has no connection or association with Laredo Oil, a penny stock E&P traded on the pink sheet over-the-counter market.
      As of December 31, 2020, the company had 278 million barrels of oil equivalent (1.70×109 GJ) of estimated proved reserves, of which 24% was petroleum, 36% was natural-gas condensates and 39% was natural gas. All of these reserves were in the Permian Basin, where the company controlled 133,199 net acres.
      The company drills almost all of its wells using what it calls the "earth model", which it claims increases efficiency.


      History


      The company was founded in October 2006 by Randy A. Foutch.
      In July 2011, the company acquired Broad Oak Energy in a $1 billion transaction, which expanded its presence in the Permian Basin and the Cline Shale.
      On December 20, 2011, the company became a public company via an initial public offering.
      In May 2013, the company sold its assets in the Anadarko Basin in western Oklahoma and Texas to affiliates of EnerVest Ltd for $438 million to raise capital for its drilling activities in the Permian Basin.
      In July 2016, the company acquired additional acreage in the Midland Basin for $125 million.
      In 2017, the company sold its interest in the Medallion Pipeline.
      In 2023, Laredo Petroleum rebranded to Vital Energy, Inc.


      See also


      List of oil exploration and production companies


      References




      External links


      Business data for Laredo Petroleum, Inc.:

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    Operations - Vital Energy - Midstream Energy Company

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    Vital Energy | Design Portfolio of Ryan Fetzner

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    Vital Energy logo in transparent PNG format

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    Vital Energy - Independent Energy Company

    Vital Energy is committed to energizing human potential. We explore, acquire and develop energy-producing assets and technologies in pursuit of powering people in sustainable and abundant ways.

    Vital Energy Reports Fourth-Quarter and Full-Year 2024 …

    About Vital Energy. Vital Energy, Inc. is an independent energy company with headquarters in Tulsa, Oklahoma. Vital Energy's business strategy is focused on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin of West Texas. Additional information about Vital Energy may be found on its website at ...

    Operations - Vital Energy - Midstream Energy Company

    Vital Energy acquires and develops oil and gas resources in the largest and most productive hydrocarbon region in the world, the Permian Basin. We focus on this thriving area because it best meets our goal to make energy plentiful and accessible to …

    Vital Energy outlines $330M free cash flow target for 2025 with

    Vital Energy delivered strong Q4 2024 results, driven by production outperformance and operational improvements. The company’s focus on extending lateral lengths, enhancing inventory quality ...

    Our Company - Vital Energy

    We strive to make energy available, sustainable and abundant to power people’s prosperity, security and dreams for the future. President and CEO Jason Pigott talks about the many ways Vital Energy empowers people to reach for and achieve their goals and how ultimately we can have a global impact.

    Vital Energy Provides Details for its Fourth-Quarter 2024 Earnings ...

    TULSA, OK, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") will report its fourth-quarter and full-year 2024 financial and operating results after market close on Wednesday, February 19, 2025.

    Vital Energy, Inc. (VTLE) - Yahoo Finance

    Vital Energy, Inc., an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States.

    Vital Energy Reports Second-Quarter 2024 Financial and …

    Aug 7, 2024 · Raises full-year 2024 total and oil production forecast. Increases estimated sub-$50 WTI breakeven locations by ~45% TULSA, OK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported second-quarter 2024 financial and operating results.

    Vital Energy outlines $330M free cash flow target for 2025 with …

    1 day ago · Vital Energy delivered strong Q4 2024 results, driven by production outperformance and operational improvements. The company’s focus on extending lateral lengths, enhancing inventory quality ...

    Vital Energy price target lowered to $47 from $49 at Truist

    1 day ago · Truist lowered the firm’s price target on Vital Energy to $47 from $49 but keeps a Buy rating on the shares after its Q4 revenue miss.The company having experienced some growing pains is not ...