Laredo Petroleum (LPI -0.6%) announces a 2013 capital budget of $725M, primarily toward...

|About: Laredo Petroleum Holdings, ... (LPI)|By:, SA News Editor

Laredo Petroleum (LPI -0.6%) announces a 2013 capital budget of $725M, primarily toward development drilling of its 142K acres in the Permian Basin. Production volumes for 2013 are expected to increase ~15% Y/Y to 12.6M-13.1M boe.