Indigo Minerals Revenue and Competitors

Indigo Minerals LLC was formed in late 2006, backed by the Martin Companies, Yorktown Partners and Indigo management. Over the last 4 years Indigo has pursued a two pronged strategy of aggregating mineral interests and acquiring and developing operated working interest production. The minerals business is comprised of 620,000 acres spread across 17 states with production from over 500 wells. The majority of the acreage is concentrated along the Gulf Coast in Alabama, Louisiana and Mississippi. The working interest operated properties are located in East Texas, North Louisiana and Central Louisiana. Indigo operates 300 wells and is a working interest owner in another 340 wells. Indigo runs an active development program, drilling 50 wells over the last 3 years. 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 Central LA Eagle Ford and development of existing oily assets. Indigo II has 240,000 leased acres located in the LA Eagle Ford shale play along with 25,000 working interest and 125,000 mineral acres located in the Central LA Austin Chalk play. Further, Indigo II owns an additional 375,000 mineral acres across the US with exposure to a variety of onshore oil plays (including North Dakota Bakken and Alabama Smackover). Indigo II Louisiana Operating LLC is a wholly owned subsidiary of Indigo II that operates all Indigo II Louisiana properties. 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 Central LA Eagle Ford play. Indigo I is focused on Cotton Valley horizontal development drilling in Panola County, as well as DeSoto, Caddo and Lincoln Parishes. Indigo I has over 120,000 net acres prospective for Cotton Valley horizontal development with 1800 drilling locations and 4 TCFE of 3P reserves.