Laredo Petroleum Inc. (NYSE: LPI) said Oct. 17 T. Karen Chandler has been promoted to serve as the Permian operator’s senior vice president and COO.
Chandler joined Laredo, based in Tulsa, Okla., in 2012 and served as the company’s vice president of operations since 2016.
Randy A. Foutch, chairman and CEO of Laredo, said Chandler has been instrumental in improving the efficiency of the company’s operational activities, which he said has been “a challenging task as we have worked to optimize our development plan.”
“We are fortunate to have a leader of Karen’s caliber on our team,” Foutch said in a statement.
In the second quarter, Laredo reported production growth attributed to operational efficiencies in drilling and completions, which enabled the company to do more with less.
“As we refocus on capital efficiency in 2019, I am confident that Karen’s team will continue to deliver its impressive operational performance,” Foutch continued.
Prior to joining Laredo, Chandler spent 15 years at Exxon Mobil Corp. (NYSE: XOM) in a variety of managerial and technical roles in the areas of drilling, completions and technology development.
Chandler holds a Bachelor of Science in Chemical Engineering from the University of Kentucky, and a Master of Science and Ph.D. in Chemical Engineering from Georgia Institute of Technology.
Recommended Reading
ConocoPhillips Hits Permian, Eagle Ford Records as Marathon Closing Nears
2024-11-01 - ConocoPhillips anticipates closing its $17.1 billion acquisition of Marathon Oil before year-end, adding assets in the Eagle Ford, the Bakken and the Permian Basin.
Twenty Years Ago, Range Jumpstarted the Marcellus Boom
2024-11-06 - Range Resources launched the Appalachia shale rush, and rising domestic power and LNG demand can trigger it to boom again.
Empire Raises $10M in Equity Offering to Ease Doubts, Reports $3.6M Loss
2024-11-14 - Empire Petroleum received a waiver from its lender after falling out of compliance with a credit agreement.
Woodside Reports Record Q3 Production, Narrows Guidance for 2024
2024-10-17 - Australia’s Woodside Energy reported record production of 577,000 boe/d in the third quarter of 2024, an 18% increase due to the start of the Sangomar project offshore Senegal. The Aussie company has narrowed its production guidance for 2024 as a result.
Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
2024-10-04 - Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.