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

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.
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