Indigo Natural Resources Executive Q&A: Cruising Altitude
In the past three years, Indigo Natural Resources LLC net production grew at an astonishing 80% per year, from 160 million cubic feet of gas per day (MMcf/d) in 2016 to approximately 1 billion cubic feet per day (Bcf/d) presently, becoming the fourth largest private producer in the U.S. in the process. The ramp up was led by CEO Frank Tsuru, who joined the company in 2016 as it made a transition from a single-horizon focus—the Cotton Valley—to targeting multiple pay zones: the Haynesville Shale, Bossier and Holly Vaughn.
DTE Midstream acquires assets from Momentum Midstream and Indigo Natural Resources
DTE Midstream, a non-utility business of DTE Energy (NYSE: DTE), announced it entered into an agreement to acquire a gathering system and gathering pipeline in the Haynesville shale formation of Louisiana for a purchase price of $2.25 billion in cash, plus a $400 million milestone payment upon completion of the gathering pipeline in the second half of 2020. Under the terms of the agreement, DTE will acquire 100 percent of the assets from Momentum Midstream and Indigo Natural Resources, the primary gas producer supplying the system.
The Top 100 Private E&Ps
The spotlight often shines on the public E&Ps and major oil companies, while the private independent producers toil in the shadows. But no more. Oil and Gas Investor partnered with Drillinginfo Inc. to generate a ranking of private independents to show which ones—on a gross throughput at least—rise to the top in volumes produced. Indigo ranked fourth on the list.
Indigo Natural Resources LLC Provides Operational Update
Indigo Natural Resources LLC, a privately-owned natural gas and natural gas liquids company with assets in the Haynesville Shale, the Bossier Shale and the Holly Vaughn formation provided an operational update focused on Indigo net production, midstream joint venture gathering throughput and year-end 2018 Indigo reserves prepared by Netherland, Sewell & Associates, Inc.
Indigo Natural Resources LLC Announces Pricing of $650 Million Private Offering of Senior Unsecured Notes due 2026
Indigo Natural Resources LLC announced the commencement of a private offering of $650 million in aggregate principal amount of senior unsecured notes due 2026 to eligible purchasers (the “Notes Offering”), subject to market conditions and other factors.
Indigo Natural Resources LLC Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering
Indigo Natural Resources LLC announced that it has previously confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the “SEC”) relating to its proposed initial public offering. The size and price range for the proposed offering has not yet been determined. The offering is expected to commence when market conditions allow, subject to, among other things, completion of the SEC review process. There is no assurance that the initial public offering will be consummated.