Operations

With over 37,900 net acres currently under lease, Laredo Oil and its operating subsidiaries currently have two primary areas targeted for re-development. 

These assets feature long-lived production platforms that were conventionally developed and producing for over 95 years, yet with over 78% of the original oil remaining in place.

Additionally, Laredo has identified six prime UGD target oil fields for acquisition and development domestically and globally. Oil fields are like people — each one is similar, yet unique, with its own distinctive characteristics. Laredo Oil has invested $51 million to develop its proprietary state-of-the-art simulation, software and screening tools that allow us to evaluate every oil field globally to select the optimal UGD oil fields.