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Laredo Oil
Laredo Oil is a publicly traded oil and gas exploration and production company founded in 2008 in Austin, Texas. It acquires and develops mature conventional...
Overview
Laredo Oil is a publicly traded oil and gas exploration and production company founded in 2008 in Austin, Texas. It acquires and develops mature conventional oil fields using Enhanced Oil Recovery methods. The company focuses on production from previously stranded reserves.
General information
Firm type
Asset Manager
Year founded
2009
Location
Region
North America
Country
United States
City
Austin
Corporate office
Austin, TX, United States
Principals
Mark See
Chairman and CEO
Sector focus
Frequently asked questions
How does Laredo Oil source proprietary deal flow?
Laredo targets mature oil fields with significant remaining oil in place — fields that have been conventionally produced for decades but still contain an estimated 78% of original oil. The firm uses proprietary simulation and screening software, in which it has invested $51 million, to evaluate oil fields globally and select optimal UGD targets (per the firm, 2024).
Does Laredo Oil participate in fund commitments or only direct deals?
Laredo Oil operates as a direct E&P company, not a fund manager. It finances its drilling programs through operating cash flow and investor participations. In January 2024, the firm entered a participation agreement with accredited investors to fund a development well in Montana.
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