Laredo Petroleum Lifts 2012 Production Forecast

Laredo Petroleum Holdings Inc (NYSE: LPI) lifted its production outlook for 2012.

Laredo Petroleum projects to produce around 11.2 million to 11.9 million barrels of oil equivalent (mmboe) in 2012, versus its earlier forecast of 10.6 mmboe.

Laredo raised its budget by $140 million to around $900 million.

Laredo Petroleum shares closed at $20.76 yesterday.