Laredo Petroleum, Inc. is an independent energy company focused on the exploration, development and acquisition of oil and natural gas. The company is based in Tulsa, Oklahoma. As of December 31, 2015, Warburg Pincus owned 41% of the company. As of December 31, 2015, the company had 125 million barrels of oil equivalent (760,000,000 GJ) of estimated proved reserves, of which 42% was oil and 58% was natural gas. All of these reserves were located in the Permian Basin. The company controlled 135,408 net acres in the Permian Basin, where it had 1,109 net producing wells. The company had average daily production in 2015 of 44 thousand barrels of oil equivalent (270,000 GJ).