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.
Click here for Zachary Hart’s complete profile.
Take a look at all of the Forty Under 40 honorees.
Recommended Reading
Denbury Resources Scraps Merger With Eagle Ford Producer Penn Virginia
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
Apache Exits Scoop/Stack With Over $600 Million Asset Sales
Apache recently agreed to sell its Midcontinent positions in the Western Anadarko Basin and Scoop/Stack in separate transactions with two private-equity backed E&Ps.
Murphy Oil Cashes Out Of Malaysia In Over $2 Billion Sale
Murphy Oil plans to use proceeds from its Malaysia exit to PTTEP for share buybacks as well as funding Eagle Ford Shale and U.S. Gulf of Mexico operations.