Laredo to sell Anadarko Basin assets for $438M

05/21/2013 | Reuters

Laredo Petroleum Holdings says it will get $438 million from the sale of its Anadarko Basin properties in Texas and Oklahoma to EnerVest affiliates. The assets produced approximately 49,600 barrels of crude oil and condensate and 4.9 billion cubic feet of natural gas in the first quarter. The sale would help Laredo generate capital for its Permian Basin drilling operations, the company said.

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