Tulsa-based Laredo Petroleum said Nov. 3 it expects 2022Q4 production of 72,500 to 75,500 boed (32,000 to 34,000 b/d of oil) with capital expenditures of $135 million to $145 million. Focused on the Permian, Laredo now is operating two drilling rigs and one completion crew and expects to complete 13 wells in Q4. Production in Q3 was 79,613 boed and 34,994 b/d of oil.
Permian Basin Oil and Gas Magazine
PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.