OverviewSuggest Edit

Laredo Oil, Inc. is a management services company. The Company is engaged in managing the acquisition and conventional operation of mature oil fields and the further recovery of stranded oil from those fields using enhanced oil recovery (EOR) methods. The Company focuses on EOR applications in depleted and mature oil fields. Laredo Oil's tool is to apply its Underground Gravity Drainage (UGD) process. The Company's UGD enables a solution, Hyper Down-Spacing, which facilitates manageable production. It is a combination of managed well spacing and gravity drainage through underground access, and uses underground machinery to drill upwards from beneath the target oil field. It also uses gravity to drain remaining mobile oil. Laredo Oil is engaged in testing various EOR, such as nitrogen and carbon dioxide injection.
HQGolden, US


Laredo Oil is headquartered in
Golden, United States

Location Map

Latest Updates

Employees (est.) (May 2018)63(-10%)

Laredo Oil Office Locations

Laredo Oil has an office in Golden
Golden, US (HQ)
Golden, CO, USA
Show all (1)

Laredo Oil Financials and Metrics

Laredo Oil Revenue


Net income (Q3, 2019)


EBIT (Q3, 2019)


Market capitalization (5-Oct-2018)


Cash (28-Feb-2019)



Laredo Oil's current market capitalization is $5.3 m.
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income


Accounts Payable


Cash From Operating Activities

USDQ2, 2014Q3, 2014Q1, 2015Q1, 2016Q2, 2016Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income


Accounts Payable


Cash From Operating Activities

USDY, 2019


130.7 x

Financial Leverage

-0.4 x
Show all financial metrics

Laredo Oil Frequently Asked Questions

  • When was Laredo Oil founded?

    Laredo Oil was founded in 2008.

  • How many employees does Laredo Oil have?

    Laredo Oil has 63 employees.

  • Who are Laredo Oil competitors?

    Competitors of Laredo Oil include Schlumberger, Pioneer Energy Services and Torchlight Energy Resources.

  • Where is Laredo Oil headquarters?

    Laredo Oil headquarters is located at Golden, CO, USA, Golden.

  • Where are Laredo Oil offices?

    Laredo Oil has an office in Golden.

  • How many offices does Laredo Oil have?

    Laredo Oil has 1 office.