Laredo Oil

Mark See serves as Chairman and CEO and is the named executive leading the firm. Investment decisions appear to be made by See and potentially a management team, though no other principals are publicly named on the firm's website.

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).

Laredo Oil is a publicly traded exploration and production company, not a family office. Its common stock trades on the OTC Pink Sheets under the ticker LRDC. The firm operates through wholly owned subsidiaries including Hell Creek Crude, LLC and Stranded Oil Resources Corporation.

Laredo focuses on acquiring and revitalizing mature oil fields. The firm's strategy involves both conventional oil recovery and its proprietary UGD enhanced recovery technique. It typically targets fields that have been producing for over 95 years but still hold substantial stranded oil.

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.

Laredo Oil's wealth origin is not publicly disclosed as tied to a specific family. The firm is a publicly traded company, and its capital structure includes equity financing, convertible debt from investors, and operating cash flow from production.