Premier Private Operator in the Permian Basin
Focused on the acquisition and development of large-scale unconventional oil and gas assets, Sabalo's objective is to build, operate, and generate significant cash flow from a portfolio of upstream assets located in premier U.S. basins.
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.
Our team has a long history of value creation and excels at evaluating, building to scale, and successfully divesting large-scale asset packages in sought after development fairways. Continuing our partnership with EnCap, Sabalo is actively seeking its next field development project throughout the Permian Basin.
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.
Our team has a long history of value creation and excels at evaluating, building to scale, and successfully divesting large-scale asset packages in sought after development fairways. Continuing our partnership with EnCap, Sabalo is actively seeking its next field development project throughout the Permian Basin.
