Sabalo Energy, LLC Asset Profile

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Year established

2014

Location

Corpus Christi TX US

Primary Industry

Oil & Gas

About

Based in Texas, US, and founded in 2014 by Barry Clark, Sabalo Energy, LLC operates as an oil and gas exploration and production company. In 2014, EnCap Flatrock Midstream invested in the company, and in July 2021, Laredo Petroleum, Inc. acquired Sabalo Energy, LLC for USD 715 million, including USD 625 million in cash and 2.5 million shares of Laredo Petroleum, Inc. As of November 2021, the company is being led by its Chairman, Barry Clark. Sabalo Energy, LLC. is engaged in the exploration, development, and production of oil and gas properties in onshore US basins. The company has assets in the core of the northern Midland Basin in Howard County, Texas, and has completed drilling, and development of more than 70 horizontal wells, in the Wolfcamp and Spraberry formations, with a production capacity of 16,000 BOPD(Barrels of Oil Per Day).

Primary Industry

Oil & Gas

Sub Industries

Oil & Gas Exploration and Production

Website

www.sabaloenergy.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Deals

Deals Type
Trade Sale
Growth

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Sabalo Energy, LLC	09 May 2021
Completed	Sabalo Energy, LLC	01 Jun 2014

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