Indigo II Louisiana Operating LLC

Transaction Type
Sellers
Marketers
Basin
U.S. Gulf Coast
Post Date
Estimated Price
MM
Description

Indigo II Louisiana Operating LLC has retained BMO Capital Markets to sell certain Louisiana Austin chalk assets.

The package includes approximately 110,000 net acres in central Louisiana, including 30,000 net held-by-production acres and 80,000 net undeveloped acres, the latter of which are paid up leases having three-year primary terms and two year-extension options that deliver an average net revenue interest of 79%.

Net production is 335 barrels of oil equivalent per day from 10 operated and 47 nonoperated wells. The assets feature a natural gas liquids yield of 85 barrels per MMcf.

Upside includes more than 500 identified drilling locations with estimated ultimate recoveries ranging from 320,000 to 600,000 barrels equivalent per well.

Bids are due in late July. Contact Linda Fair, 713-54