Indigo Minerals LLC was formed in late 2006, backed by the Martin Companies, Yorktown Partners and Indigo management. Indigo has since pursued a two pronged strategy of aggregating mineral interests and acquiring and developing operated working interest production.
The minerals business is comprised of over 600,000 acres spread across 15 states with production from over 600 wells. The majority of the acreage is concentrated along the Gulf Coast in Louisiana, Alabama and Mississippi.
The working interest operated properties are located in East Texas, North Louisiana and Central Louisiana. Indigo operates over 300 wells and is a working interest owner in another 340+ wells. Indigo runs an active 2-4 rig development program, drilling 50 Cotton Valley horizontal wells over the last 3 years.
Indigo Minerals LLC ("Indigo I")
Indigo Minerals LLC ("Indigo I") retained all of the working interest properties in East Texas and North Louisiana as well as the mineral rights in the Tuscaloosa Marine Shale play. Indigo I is focused on Cotton Valley horizontal development drilling in Panola County, as well as Caddo, DeSoto and Lincoln Parishes. Indigo I has 108,000 net acres prospective for Cotton Valley horizontal development with over 1,700 drilling locations and over 4 TCFE of 3P reserves.
Indigo Minerals II LLC ("Indigo II") / Indigo II Louisiana Operating LLC
In early 2011, Indigo Minerals II LLC ("Indigo II") was formed by a contribution of assets from Indigo I and an equity contribution from existing Indigo I investors to focus on the Louisiana Tuscaloosa Marine Shale and development of existing oily assets.
Indigo II has over 300,000 leased acres located in the Tuscaloosa Marine Shale along with over 110,000 leasehold and mineral acres located in the Central Louisiana Austin Chalk play. Further, Indigo II owns an additional 475,000 mineral acres across the US with exposure to a variety of onshore oil plays. Indigo II Louisiana Operating LLC is a wholly owned subsidiary of Indigo II that operates all Indigo II Louisiana properties.