EXHIBIT 99.1

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15 West 6th Street, Suite 900 · Tulsa, Oklahoma 74119 · (918) 513-4570 · Fax: (918) 513-4571
www.laredopetro.com

Laredo Petroleum Announces 2016 Fourth-Quarter and Full-Year Financial and Operating Results
Increases Company Type Curves for Upper and Middle Wolfcamp
TULSA, OK - February 15, 2017 -
Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced its 2016 fourth-quarter and full-year results. For the fourth quarter of 2016, the Company reported a net loss attributable to common stockholders of $18.4 million, or $0.08 per diluted share, which includes a loss on derivatives of $43.6 million reflecting matured and new contracts and changes of the market prices in the forward curves of oil, natural gas liquids ("NGL") and natural gas. Adjusted Net Income, a non-GAAP financial measure, for the fourth quarter of 2016 was $38.8 million, or $0.16 per adjusted diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the fourth quarter of 2016, was $134.9 million.
For the year ended December 31, 2016, the Company reported a net loss attributable to common stockholders of $260.7 million, or $1.16 per diluted share, including a non-cash full cost ceiling impairment charge of $161.1 million taken in the first quarter of 2016. Adjusted Net Income for the year ended December 31, 2016 was $112.6 million, or $0.49 per adjusted diluted share, and Adjusted EBITDA was $461.3 million. Please see supplemental financial information at the end of this news release for reconciliation of the non-GAAP financial measures.
2016 Highlights
Produced a Company record 53,141 barrels of oil equivalent ("BOE") per day in the fourth quarter of 2016, resulting in full-year 2016 production growth of approximately 11% from full-year 2015
Grew proved developed reserves organically by approximately 40% in 2016 at a proved developed finding and development ("F&D") cost of $5.12 per BOE
Replaced 322% of production organically with proved developed reserves
Completed 45 horizontal development wells in 2016 at an average anticipated rate of return on invested capital of greater than 40%
Reduced unit lease operating expenses ("LOE") to $3.56 per BOE in the fourth quarter of 2016, resulting in a full-year 2016 unit LOE reduction of approximately 37% from full-year 2015
Recognized approximately $24 million of cash benefits from Laredo Midstream Services, LLC ("LMS") field infrastructure investments through reduced capital and operating costs and increased revenue



The following information was filed by Laredo Petroleum, Inc. (LPI) on Wednesday, February 15, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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