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Laredo to accelerate drilling program in Webb County

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Laredo Energy VI shored up financing for its upcoming Eagle Ford drilling program. The company closed on a $200 million senior secured term loan and now has the funds to execute a development program for more than 20 wells over the next 18 months in the dry gas window of the Eagle Ford. “The timing of the acceleration of our development plan is favorable given recent upward movement in near-term natural gas futures pricing and Laredo’s advantageous positioning with close......
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