HOUSTON--(BUSINESS WIRE)--Houston-based Indigo Minerals LLC announced today the completion of the purchase of Preston Exploration’s East Texas Cotton Valley assets located in Harrison, Panola, Rusk and Upshur counties, Texas. The assets include 39 vertical wellbores with net production of ~3 mmcfepd. Along with the wells, Indigo acquired an acreage position of approximately 12,200 net acres, the majority of which is held by production. Indigo estimates that these East Texas properties contain 3
Reported by Business Wire 20 hours ago.
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