Infinity Buys Out PA Shale Well Co-Investor for $36M Using Co. Stock

Infinity Natural Resources, Inc. announced yesterday that it has acquired Chase Oil Corporation’s working interest in Infinity’s South Bend field in Pennsylvania in an all-stock transaction valued at approximately $36 million. The assets are located in Armstrong and Indiana counties. The transaction has an effective date of January 1, 2026, and represents the company's first use of stock currency to execute its post-IPO growth strategy. Infinity is in the process of buying Antero Resources' Ohio Utica assets (see NOG & INR Partner to Buy Antero Resources’ Ohio Utica for $1.2B). On the surface, the Infinity press release is a standard announcement about a relatively small acquisition. However, for investors and industry observers (like MDN readers), it signals several specific strategic moves "between the lines"...

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