Related Parties

a. Medallion

The following table summarizes items included in the consolidated statements of operations related to Medallion for the periods presented:



	For the years ended December 31,
(in thousands)	2016		2015		2014
Midstream service revenues	$	—	$	487	$	—
Minimum volume commitments	$	—	$	5,235	$	2,552
Interest and other income	$	—	$	158	$	—

The following table summarizes items included in the consolidated balance sheets related to Medallion as of the dates presented:



	December 31,
(in thousands)	2016		2015
Accounts receivable, net	$	—	$	1,163
Accrued capital expenditures	$	586	$	—
Other current liabilities⁽¹⁾	$	118	$	27,583

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(1)	Amounts included in "Other current liabilities" above represent LMS' accrued line-fill purchase in Medallion's pipeline, accrued third-party fees due to Medallion as of December 31, 2016 and capital contribution payable to Medallion as of December 31, 2015.

b. Archrock Partners, L.P.

The Company has a compression arrangement with affiliates of Archrock Partners, L.P., formerly Exterran Partners L.P., ("Archrock"). One of Laredo's directors is on the board of directors of Archrock GP LLC, an affiliate of Archrock.

The following table summarizes the lease operating expenses related to Archrock included in the consolidated statements of operations for the periods presented:



	For the years ended December 31,
(in thousands)	2016		2015		2014
Lease operating expenses	$	1,975	$	1,477	$	975

The following table summarizes the capital expenditures related to Archrock included in the consolidated statements of cash flows for the periods presented:



	For the years ended December 31,
(in thousands)	2016		2015		2014
Capital expenditures:
Oil and natural gas properties	$	—	$	—	$	57
Midstream service assets	$	20	$	64	$	833

The following table summarizes the amounts included in accounts payable from Archrock in the consolidated balance sheets as of the periods presented:



	December 31,
(in thousands)	2016		2015
Accounts payable	$	177	$	13

c. Helmerich & Payne, Inc.

The Company has had drilling contracts with Helmerich & Payne, Inc. ("H&P"). Laredo's Chairman and Chief Executive Officer is on the board of directors of H&P.

The following table summarizes the capitalized oil and natural gas properties related to H&P and included in the consolidated statements of cash flows for the periods presented:



	For the years ended December 31,
(in thousands)	2016		2015		2014
Capital expenditures:
Oil and natural gas properties	$	—	$	2,434	$	9,518