Zachary Hart, senior vice president of A&D and reservoir engineering at Indigo Natural Resources, is today’s featured Forty Under 40 honoree.
When Hart joined Indigo in 2009, the company was producing about 25 MMcf/d from shallow, vertical wells in North Louisiana. Starting with Indigo’s first Haynesville acquisition in 2016, he has helped lead the company through multiple acquisitions and subsequent development to grow its total production to over 1 Bcfe/d.
“In just three short years, we accomplished two major milestones: We grew our net rate from approximately 150 MMcf/d to over 1 Bcf/d, making us one of the largest private natural gas producers in the U.S., and we entered into a 50:50 midstream joint venture [JV], which was built, filled with Indigo’s gas and subsequently sold for $2.65 billion,” he said.
Prior to joining Indigo, Hart served in various reservoir engineering, acquisition and divestiture and operational engineering roles for El Paso E&P (now EP Energy) in both Houston and Denver.
OPEC+ had been expected to extend existing cuts until at least March, after backing down from earlier plans to boost oil output by 2 million bbl/d.
OPEC, Russia and allies, a group known as OPEC+, had previously been expected to extend existing oil cuts of 7.7 million bbl/d, or 8% of global supplies, until at least March.
Magellan Midstream Partners said on Dec. 2 it will invest about $4.65 million to increase truck loading capacity at its refined oil products Cheyenne terminal in Wyoming by more than 50%.