Since 1927 Lario has operated throughout both the U.S. and Canada focusing it’s resources and capital on rate of return driven projects. Historically, Lario has driven growth through the drill-bit, discovering reserves organically from geologic thesis, to land acquisition and finally exploratory drilling and field delineation. Lario has built from the ground floor several assets over many decades, namely strong positions in the Powder River Basin, D.J. Basin, Kansas, Oklahoma, California, Texas and Canada. While Lario will buy reserves during periods of low commodity prices, Lario will sell assets opportunistically. Over the last several years, Lario has done just that and divested over $500 million worth of properties in the aforementioned areas. Lario has taken portions of those proceeds to invest in higher rate of return projects in the Williston Basin and Permian Basin.
Highlighted Assets
Bakken / Three Forks – Lario has sold multiple asset packages in the Bakken/Three Forks over the last several years, retaining its core holdings in Mountrail County, North Dakota. These assets comprise over 1,000 wells with years of drilling inventory remaining.
Western Kansas – In Kansas Lario operates an active development program over its 75,000 gross acre position targeting the Lansing / Kansas City formations. Lario has over 130 operated producing wells in this part of Kansas.
Permian Basin – The Permian Basin has been an important focus area for Lario since the 1940s. To date, Lario has multiple legacy assets in the Midland Basin and the Central Basin Platform. Lario is primarily focusing on unconventional assets such as the Wolfcamp, Spraberry, Jo Mill, and has built a sizable position in the area. Currently drilling with two rigs developing the Wolfcamp and Spraberry benches, Lario has drilled over 150 horizontal wells in the Midland Basin.
South Central Kansas – With over 60 operated producing wells in this part of Kansas, Lario continues to maintain its active presence through its field office in Garden City, Scott City and Murdock, KS.
Oklahoma – Lario has been active in Oklahoma for decades, and still maintains field offices in Pauls Valley, OK focusing on its legacy oil assets. Lario continues to strategically seek new opportunities in this region.