Premier Private Operator in the Permian Basin
Sabalo has a long history of value creation and excels at evaluating, building to scale, and successfully divesting large-scale asset packages in unconventional oil and gas plays.
In its most recent partnership with EnCap, Sabalo acquired over 21,000 net acres in the Midland Basin through a series of transactions and grew production to 14,500 Boe/d through a successful horizontal delineation and development program. On July 1st, 2021, Sabalo closed on the sale of its assets to Laredo Petroleum (NYSE: LPI) for $715 million of cash and stock consideration.
In our newest iteration, Sabalo II Energy has acquired acreage in the Midland Basin and is in the process of developing that position. We continue to pursue additional acquisition opportunities within the Permian Basin to grow our platform.
In its most recent partnership with EnCap, Sabalo acquired over 21,000 net acres in the Midland Basin through a series of transactions and grew production to 14,500 Boe/d through a successful horizontal delineation and development program. On July 1st, 2021, Sabalo closed on the sale of its assets to Laredo Petroleum (NYSE: LPI) for $715 million of cash and stock consideration.
In our newest iteration, Sabalo II Energy has acquired acreage in the Midland Basin and is in the process of developing that position. We continue to pursue additional acquisition opportunities within the Permian Basin to grow our platform.
