Founded in 2006 by Randy A. Foutch, On December 20, 2011, the company became a
public company via an
initial public offering. In July 2016, a year before selling its interest in Medallion Pipeline, it acquired additional acreage in the Midland Basin for $125 million. In 2023, Laredo Petroleum rebranded to Vital Energy, Inc. Oil and gas company, Crescent Energy, agreed to acquire the company in August 2025 in an all-stock deal valued at $3.1 billion, including debt. The transaction was completed three months later. ==See also==