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Map : Indigo Minerals Snaps Up East Texas Acreage; Get $375 Million Capital

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Map : Indigo Minerals Snaps Up East Texas Acreage; Get $375 Million Capital

Indigo Minerals LLC announced the completion of a $375 million equity capital raise and the acquisition of certain producing properties and undeveloped acreage in the core of the Cotton Valley and Haynesville plays from a private exploration and development company.

Pro forma for the acquisition, Indigo holds approximately 160,000 net acres in Northwest Louisiana and East Texas in addition to a significant portfolio of minerals and leasehold interests across 15 states. Indigo is the tenth largest private producer of natural gas in the United States with year-end SEC proved reserves of 1.27 Tcf.

The capital raise was led by Trilantic Capital Management L.P. , which invested $300 million in Indigo, in partnership with the Company’s existing investors, including the Martin Companies, L.L.C…

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Ark-La-Tex News


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