Laredo Petroleum, Inc.: management transactions · United States · SEC (Form 4)

About Laredo Petroleum, Inc.

Laredo Petroleum, Inc. (ticker LPI) was a U.S.-listed independent oil and gas company traded on the NYSE in the United States before it changed its corporate name to Vital Energy, Inc. in January 2023. For international investors, the key point is that Laredo Petroleum’s legacy business was that of a domestic exploration-and-production company focused on onshore hydrocarbons in the United States, with headquarters in Tulsa, Oklahoma. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1528129/000152812923000048/lpi-20221231.htm?utm_source=openai)) The company was built around a classic upstream model: acquire, develop, and produce oil and natural gas assets, then monetize production through commodity-linked sales. Unlike refiners or integrated majors, its economics were driven primarily by drilling inventory quality, well productivity, operating efficiency, and capital discipline. This makes the business highly leveraged to crude oil and natural gas prices, but also highly sensitive to execution, hedging, and balance-sheet management. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1528129/000152812923000048/lpi-20221231.htm?utm_source=openai)) Operationally, Laredo Petroleum’s activity was concentrated in U.S. onshore basins, where it pursued exploration, drilling, completion, and production of crude oil, natural gas, and natural gas liquids. It did not sell consumer products; its output consisted of upstream commodities sold into the broader U.S. energy market. That positions the company within the mid-sized independent E&P segment, a competitive space where relative performance depends on asset quality, cost structure, reserve replacement, and the ability to convert production growth into free cash flow across a volatile price cycle. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1528129/000152812923000048/lpi-20221231.htm?utm_source=openai)) From a competitive standpoint, Laredo operated in a crowded U.S. shale and conventional onshore landscape alongside many similarly structured independents. The company’s market positioning was therefore shaped less by brand and more by operational metrics, acreage quality, and capital allocation decisions. Recent corporate developments are especially important: the company changed its name from Laredo Petroleum, Inc. to Vital Energy, Inc. in January 2023, and Vital Energy later announced and completed a merger with Crescent Energy in 2025. That transaction is a strong sign of continuing consolidation in the U.S. E&P sector. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1528129/000152812923000048/lpi-20221231.htm?utm_source=openai)) For French-speaking investors, LPI should be viewed as a cyclical energy equity whose valuation is primarily tied to commodity prices, production trends, reserve quality, and merger-and-acquisition activity. The company’s history also reflects a broader industry pattern: many U.S. upstream producers have rebranded, merged, or optimized portfolios in response to capital market pressure and the need for stronger returns on invested capital. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1528129/000152812923000048/lpi-20221231.htm?utm_source=openai))