Indigo Natural Resources is an E&P company focused on the acquisition and development of natural gas and natural gas liquids in the Haynesville Shale and Cotton Valley Sands.
Sector: Upstream Oil & Gas | Status: Realized | Headquarters: Houston, TX | Investment Year: 2016 | Funds: TEP I, TCP V
Indigo Natural Resources is an independent natural gas and natural gas liquids company headquartered in Houston, Texas. The company is one of the largest natural gas producer in North Louisiana, developing the Haynesville Shale, the Bossier Shale and the Holly Vaughn formation.
Growth Capital
Trilantic North America's investment funded an acquisition of Haynesville Shale upstream assets, paid down debt and provided growth capital to commence a development drilling program. Since Trilantic North America’s investment, Indigo has grown from ~140,000 net acres with ~140 mmcfe/d of production to over 300,000 net acres with over 1,000 mmcfe/d of production.
Hedge Strategy
Trilantic North America's was heavily involved in establishing Indigo’s hedging policy and continues to help guide strategy through a seat on the board-level.
Shareholder/Management Alignment
Trilantic North America has been instrumental in helping design and restructure management and employee incentive plans to ensure alignment for all stakeholders.
Strategic Transactions
Trilantic North America has worked side-by-side with management in assessing, structuring and executing several strategic transactions, including a midstream joint-venture with M5 Midstream, several upstream asset acquisitions and Indigo’s inaugural high yield offering, among other transactions.
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