INR Grabs Two Former Equitrans Employees for Upper Mgmt Positions

Infinity Natural Resources (INR), headquartered in Morgantown, WV, focuses 100% on the Marcellus/Utica. The company went public earlier this year with a $265 million ($20/share) initial public offering, giving INR a market capitalization of $1.18 billion (see INR IPO Does Better than Expected, Stock Trading Pops 10% Higher). As we told you in June, the company is on the hunt for assets in the Ohio Utica to buy (see Infinity Natural Resources on the Hunt for More Ohio Utica Assets). INR announced yesterday it is adding two people to important upper management roles to help the company "execute its growth strategy." INR is adding a Chief Accounting Officer and a VP of technology.

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