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TULSA — Laredo Petroleum Inc. announced its first-quarter financial and operating results. Highlights included:
• Generated $71 million of cash flows from operating activities and $22 million of Free Cash Flow.
• Sold 723,579 shares at an average price of $38.75 for net proceeds of $26.9 million through the company s at-the-market equity program.
• Reduced net debt by $30 million during the quarter.
• Produced an average of 24,261 barrels of oil per day, an increase of 11% from the fourth quarter.
• Produced an average of 78,989 barrels of oil equivalent per day, a decrease of 4% from the fourth quarter.
• Reduced drilling, completions and equipment costs for a 10,000-foot well to $525 per foot and held costs incurred during the first quarter to $70 million. ....

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Oklahoma Energy Taxes, Economic Optimism Reach 10-Year High


Oklahoma Energy Taxes, Economic Optimism Reach 10-Year High
The State Treasurer said Oklahoma’s economy is running on all cylinders. That optimism comes after a monthly financial report puts Oklahoma back in positive territory for tax collections since the COVID-19 pandemic began. 
“The bottom line is, Oklahoma’s economy has not only weathered the storm, but it looks very positive going forward,” State Treasurer Randy McDaniel said. 
Combined collections over the past 12 months totaled $13.56 billion. That’s a 2.6 percent increase compared to the same period before the pandemic. McDaniel said an open economy, federal stimulus checks and low unemployment have all put Oklahoma s economic health ahead of many other states.  ....

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