Infinity’s 2Q Growth (Up 25% from 1Q) Driven by PA Marcellus Wells
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 $1.18 billion market capitalization (see INR IPO Does Better than Expected, Stock Trading Pops 10% Higher). INR issued its second quarter update (the company's third public quarterly update) yesterday. The company's net production for the quarter averaged 33.1 Mboe/d, representing a 25% increase from the first quarter of this year.To view this content, log into your member account. (Not a member? Join Today!)
