Permian Buyers Continue Targeting Private Growth

摘要

Laredo Petroleum has agreed to acquire Sabalo Energy and other interests for $715 million, the latest in a string of industry deals to consolidate in the Permian tight oil play. The deal is one of several Permian acquisitions in recent months involving a publicly traded purchaser and private equity-backed seller, with private sponsors using the recovery of oil prices to head for the exits.