Infinity CEO: We’re Shopping for Our Next Appalachian Acquisition
Infinity Natural Resources, the Morgantown, WV-based driller that bought Antero Resources' Ohio Utica assets for $1.2 billion earlier this year, isn't done shopping. CEO Zack Arnold told Hart Energy at its SUPER DUG conference in Houston in September that Infinity is "actively looking for the next opportunity." Arnold also dropped a few other nuggets worth your attention: Infinity has drilled its first deep dry gas Utica well in a Pennsylvania field that has only ever produced from the Marcellus; a "couple" of unnamed operators are starting to develop the Marcellus in eastern Ohio; and newly available state and federal lands in Ohio are a fresh source of drilling locations.To view this content, log into your member account. (Not a member? Join Today!)