M-U Driller Infinity Natural Resources Files for $100 Million IPO
‘Tis the season for IPOs in the Marcellus/Utica. Two weeks ago BKV Corporation announced it was (finally) launching an initial public offering (IPO) looking to raise in the neighborhood of $300 million (see The Time is Now Right – BKV Launches IPO Hoping to Raise $315M). It ended up getting $270 million (see BKV Adjusts IPO Price Down from $19-$21 to $18 per Share). On Friday, Infinity Natural Resources (INR), with 90,000 acres in the Marcellus/Utica, filed an IPO with the Securities and Exchange Commission (SEC), hoping to raise $100 million. Read More “M-U Driller Infinity Natural Resources Files for $100 Million IPO”

Four weeks ago, MDN told you about a developing story of rig realignment in the Marcellus/Utica (see
EPA Administrator Michael Regan used a considerable amount of fossil energy and emitted tons of carbon dioxide to jet over to Dubai last December to participate in the COP28 confab, where he released a final rule that was “two years in the making” to force the U.S. oil and gas industry to cut methane emissions by using budget-busting new technologies and onerous (frequent) inspections (see
Colder weather and increased demand will place slight upward pressure on natural gas prices compared to last winter, the Natural Gas Supply Association (NGSA) said last Thursday in its 24th annual Winter Outlook forecast of the wholesale winter natural gas market. NGSA also projected higher-than-average storage, record production and supply, and modest GDP growth this winter. The NGSA Outlook shows we’re heading into a cooler winter well-prepared with record production and storage. Bottom line: A slight uptick in the price of natgas this winter because it will be colder, but we have plenty of gas on hand.
In January, the Biden-Harris Department of Energy (DOE) announced it would “pause” any approvals for new LNG export plants (currently 17 requests in the pipeline) for at least one year while D.C. swampies fart around pretending to figure out how to measure global warming as a new consideration for whether or not to approve such projects (see
Big Oil sometimes works against the interests of smaller shale drillers and (we would argue) against the best interests of the U.S.A. Here’s a case in point. Yesterday, the Wall Street Journal reported that senior leaders with Exxon Mobil, Occidental Petroleum, and Phillips 66 have been whispering in President Trump’s ear that should he win, they want him to keep Biden’s Green New Deal legislation, otherwise called the Inflation Reduction Act. Why? To protect their investments in carbon capture, carbon credits, and other carbon scams. They don’t want to lose their big tax credits/money.
MARCELLUS/UTICA REGION: Marcellus has wealth of natural gas and more; NATIONAL: Activist Mantle Ridge has over $1 billion stake in Air Products; Carbon offset pioneer charged with $100 million fraud scheme; Energy companies beginning to find more ways to use AI; Oil, gas execs predict Henry Hub natural gas price; Kamala Harris could stop fracking without banning it; INTERNATIONAL: The five biggest natural gas power plants in the world; GALACTIC: Are the planets affecting our climate via tidal pumping?