VTLE Stock Analysis

Vital Energy Inc

Laredo Petroleum Holdings, Inc. (Laredo) is an independent energy company focused on the exploration, development and acquisition of oil and natural gas in the Permian and Mid-Continent regions of the United States. The Company's activities are primarily focused in the Wolfberry and deeper horizons of the Permian Basin in West Texas and the Anadarko Granite Wash in the Texas Panhandle and Western Oklahoma, where it has assembled 134,680 net acres and 37,850 net acres, respectively, as of December 31, 2011. As of December 31, 2011, Laredo had drilled 29 gross horizontal wells in the Permian and 12 gross horizontal wells in the Anadarko Granite Wash. On July 1, 2011, it completed the acquisition of Broad Oak Energy, Inc. (Broad Oak), which became a wholly owned subsidiary of Laredo Petroleum, Inc. On July 19, 2011, it changed the name of Broad Oak to Laredo Petroleum-Dallas, Inc.