Laredo looks to Permian, divests Anadarko assets

摘要

Laredo Petroleum Holdings Inc. (NYSE: LPI) has sold all of its interests in the Anadarko Basin to affiliates of EnerVest Ltd. for $438 million in cash and plans to use proceeds from the sale to fimd Permian Basin activity. EnerVest will acquire about 104,000 net leasehold acres and associated infrastructure held by Laredo Petroleum in the Anadarko Basin of western Oklahoma and the Texas Panhandle. The deal is expected to close in third-quarter 2013.