(Indigo, 4.Apr.2019) — 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 today 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.
Key Highlights
— Achieved milestone production of 1.0 billion cubic feet of natural gas equivalent per day (“Bcfe/d”) net and 1.4 Bcfe/d gross in March 2019
— Increased throughput on the 50% owned M5 Louisiana Gathering LLC system to 1.0 billion cubic feet of natural gas per day in April 2019
Bill Pritchard, Indigo’s Founder and Executive Chairman, commented:
“We are proud to announce that Indigo is the largest natural gas producer in North Louisiana with record net production of 1.0 Bcfe/d. As a result of our 2018 drilling program, our top-performing wells in the Haynesville, Bossier and Holly Vaughn and our accretive leasing and bolt-on acquisition program, we expanded our proved reserves to 4.7 Tcfe and maintained our proved, probable and possible reserves at 16.0 Tcfe at yearend 2018. Our 2019 development program with six to seven rigs and two frac crews is expected to drive meaningful growth and value to both Indigo and our midstream joint venture. Indigo will continue to benefit from our proximity to the Gulf Coast petrochemical and LNG demand centers which provides us with lower differentials to the Gulf Coast compared to other natural gas basins as well as a diversified base of purchasers for our natural gas.”
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