(May 10, 2021) - Bracewell LLP is advising Sabalo Energy, LLC, a portfolio company of EnCap Investments L.P., in the sale of Sabalo’s Midland Basin assets to Laredo Petroleum, Inc. (NYSE: LPI).

The transaction includes 21,000 contiguous net acres (86 percent operated, 100 percent held by production). Sabalo and a non-operating partner will receive a combined $625 million in cash and approximately 2.5 million shares of Laredo common equity, with a total transaction value of approximately $715 million.

Read more here: https://bracewell.com/news/bracewell-advises-sabalo-energy-llc-715-million-asset-sale-laredo-petroleum-inc