 TULSA, OK, Sept. 19, 2021 GLOBE NEWSWIRE -- Laredo Petroleum, Inc. NYSE: LPI Laredo or the Company today announced the signing of a purchase and sale agreement to acquire approximately 20,000 net acres in western Glasscock County from Pioneer Natural Resources Company NYSE: PXD Pioneer for approximately 230 million, subject to customary closing price adjustments. This is Laredos second significant acquisition in 2021, as the Company continues to execute its transformational strategy and expand its high-margin inventory. The leasehold to be acquired is directly adjacent to Laredos existing western Glasscock leasehold, expanding its oil-weighted core development area in the prolific Midland Basin. The transaction is expected to close in October 2021. 