Laredo began as a conventional producer of natural gas in the shallow horizons of South Texas. In 2017, management embarked on a path to develop deeper zones which have proven to be prolific by nearby operators in the Eagle Ford Shale. Laredo Energy has amassed over 80,000 acres in Webb County, Texas, overlaying an area known as the dry gas window of the Eagle Ford Shale. The company produces over 90 million cubic feet of natural gas per day, selling into the South Texas market with access to Mexican export channels, to LNG terminals for global sales, and into pipelines directly servicing Gulf Coast petrochemical facilities.

TEN|10 worked with the previous management team to launch the company.