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Formed in 2001, Laredo Energy is a privately held company engaged in the acquisition and development of natural gas and oil reserves in South and East Central Texas. The company's assets include 40 operated producing wells, more than 140,000 gross acres of operated leases and non-operated interests in more than 31,000 gross acres.
The company’s management team has worked together in South Texas since 1983 and is led by President and CEO Glenn Hart. The group has a collective 200 years of experience in the oil and gas industry and has drilled more than 300 wells in South Texas. Laredo Energy continues to drill 20 to 30 wells per year. Laredo also owns non-operating interests in more than 200 wells in the region. Laredo continues to target multi-stacked netural gas pay zones in Webb County. Laredo is also targeting the emerging Eaglebine formation. Laredo is backed by private equity investments from Avista Capital Partners and Old Ironsides Energy, LLC