Laredo Petroleum said it will sell its stake in Permian pipeline unit Medallion Gathering & Processing for $ 250 million , less than some industry estimates . Laredo and private equity firm Energy & Minerals Group will sell the pipeline to Global Infrastructure partners for $ 1.83bn . Williams Capital estimates that pipeline 's with proceeds will be $ 825 million , less than the $ 892 million its analysts had predicted .
Laredo Petroleum said it will sell its stake in Permian pipeline unit Medallion Gathering & Processing for $825m, less than some industry estimates. Laredo and private equity firm Energy & Minerals Group will sell the unit to Global Infrastructure Partners for $1.83bn. Williams Capital estimates that Laredo's with proceeds will be $825m, less than the $892m its analysts had predicted.