Houlihan Lokey Advises Laredo Petroleum

As further described in the company’s press release and presentation, Laredo Petroleum, Inc. (Laredo) recently announced (i) the signing of a purchase and sale agreement to acquire the assets of Sabalo Energy, LLC (Sabalo) and (ii) the concurrent sale of a 37.5% wellbore interest in Laredo’s gas-weighted Legacy PDP.

This transaction is immediately transformative for Laredo, including:

  • Material shift from gas- to oil-weighted production and reserves.
  • Multi-year runway extension through the addition of Sabalo’s oil-rich, highly economic inventory.
  • Substantial increase in unit profitability, EBITDA, and free cash flow.
  • Expedited deleveraging profile, with consistent annual growth in oil production.

Houlihan Lokey is proud to serve as Laredo’s financial advisor for both the buyside and sellside transactions mentioned above. We offer our sincerest congratulations to the Laredo team, who worked tirelessly and seamlessly with us to structure a creative solution that (a) enabled the transformative pair of transactions and (b) both preserved and created financial and operational flexibility for Laredo’s continued future success.

We look forward to discussing this transaction with you, our valued relationships, and exploring how Houlihan Lokey can help you reach your goals.

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