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