INR/Infinity Natural Resources

Armstrong County | Arsenal Resources | Ascent Resources | Beech Resources | Belmont County | Bradford County | Energy Companies | EQT Corp | Expand Energy | Gulfport Energy | Harrison County | Indiana County | INR/Infinity Natural Resources | Lycoming County | Ohio | Pennsylvania | Seneca Resources | Snyder Brothers | Taylor County | Tioga County (PA) | Weekly Permits | West Virginia | Westmoreland County | Wetzel County | XPR Resources

31 New Shale Well Permits Issued for PA-OH-WV Nov 10 – 16
November 21, 2025November 21, 2025

Back into the 30s! The number of new permits issued in the Marcellus/Utica last week was 31, after being 24 the week before. Over the past five weeks (including last week), the number of new permits issued has been 37, 39, 37, 24, and 31, respectively. Not bad at all. Pennsylvania issued 14 new permits last week, down from 16 the prior week. Ohio issued 5 new permits, down from 6 the prior week. West Virginia, which issued no new permits two weeks ago, soared, issuing 12 permits last week. Read More “31 New Shale Well Permits Issued for PA-OH-WV Nov 10 – 16”
Energy Companies | Industrywide Issues | INR/Infinity Natural Resources | M&A | Ohio | Pennsylvania

INR Sees a Bright Future in the Utica Shale Despite EOG/Encino Deal
October 14, 2025October 14, 2025

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). An INR competitor in the Utica is EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in several other countries) and a Fortune 500 company, which closed on the $5.6 billion purchase of Encino Energy in August, adding 675,000 net acres in the Utica and over 1,000 operating shale wells (see EOG Closes on $5.6B Purchase of Encino Assets in Ohio Utica). EOG now owns over 1 million acres with active drilling operations, including five rigs and three completion crews, working in the Ohio Utica. The EOG/Encino tie-up doesn’t concern INR. Read More “INR Sees a Bright Future in the Utica Shale Despite EOG/Encino Deal”
Armstrong County | Ascent Resources | Belmont County | Bradford County | Energy Companies | EOG Resources | EQT Corp | Expand Energy | Harrison County | Indiana County | INR/Infinity Natural Resources | Lycoming County | Ohio | Pennsylvania | Range Resources Corp | Snyder Brothers | Sullivan County | Washington County | Weekly Permits

32 New Shale Well Permits Issued for PA-OH-WV Sep 29 – Oct 5
October 9, 2025October 9, 2025

For the week of September 29 to October 5, the number of permits issued to drill new wells in the Marcellus/Utica increased from the previous week. There were 32 new permits issued across the three M-U states last week, up five from 27 issued two weeks ago. Last week, Pennsylvania issued 27 drilling permits across six counties—the highest weekly total the state has recorded in months, possibly even over a year. Ohio issued five permits in two counties. West Virginia was skunked last week, issuing no new permits for the second consecutive week. What’s up with WV? Read More “32 New Shale Well Permits Issued for PA-OH-WV Sep 29 – Oct 5”
Antero Resources | Arsenal Resources | Ascent Resources | Belmont County | Bradford County | Carroll County | Coterra Energy (Cabot O&G) | Energy Companies | EOG Resources | Expand Energy | Guernsey County | INR/Infinity Natural Resources | Marion Natural Energy | Monongalia County | Noble County | Ohio | Pennsylvania | Susquehanna County | Taylor County | Tyler County | Weekly Permits | West Virginia

26 New Shale Well Permits Issued for PA-OH-WV Sep 8 – 14
September 19, 2025September 19, 2025

For the week of September 8 – 14, the number of permits issued to drill new wells in the Marcellus/Utica increased from the previous week. There were 26 new permits issued across the three M-U states last week, more than doubling the 11 issued two weeks ago. For the second week in a row, Pennsylvania’s permit take was pathetic. PA issued just two new permits last week, after issuing three two weeks ago. Expand Energy received one permit in Bradford County, and Coterra Energy received the other permit in Susquehanna County (both counties in northeastern PA). Read More “26 New Shale Well Permits Issued for PA-OH-WV Sep 8 – 14”
Antero Resources | Energy Companies | Expand Energy | Gulfport Energy | Industrywide Issues | INR/Infinity Natural Resources | M&A | Ohio | Statewide OH

Potential Buyers Emerge for Antero Resources’ Ohio Utica Assets
September 16, 2025September 16, 2025

Earlier this month, we brought you the bombshell news that Antero Resources, the country’s fifth-largest natural gas producer and largest producer in West Virginia, is preparing to market its Ohio Utica assets, hoping to fetch $900 million to $1 billion (see Rumor: Antero Preparing to Sell Ohio Utica Upstream, Midstream). The rumors keep coming that Antero’s 82,000 net acres in the Utica, as well as long-haul takeaway and supporting midstream assets, are catching the attention of several big M-U companies. Read More “Potential Buyers Emerge for Antero Resources’ Ohio Utica Assets”
Energy Companies | Huntley & Huntley | INR/Infinity Natural Resources | Pennsylvania | Statewide PA

Deep Utica Wells Outperforming Marcellus Wells on ROR, Production
September 2, 2025September 2, 2025

Some interesting comments about the “deep” Utica Shale in Pennsylvania were made during last week’s Hart Energy DUG Appalachia event, held in Pittsburgh. Including this one, from Mike Hillebrand, CEO of Huntley & Huntley: “The deep Utica, watch out folks. The deep Utica will probably be the next up-and-coming deep shale play here in Pennsylvania.” Hillebrand also broke some big news by announcing Huntley & Huntley, which recently completed the sale of its Olympus Energy subsidiary to EQT for $1.8 billion, is working on its next startup, which will focus on “deep Utica and Tier II Marcellus.” Read More “Deep Utica Wells Outperforming Marcellus Wells on ROR, Production”
Energy Companies | Industrywide Issues | INR/Infinity Natural Resources | M&A

Infinity Nat. Res. on the Hunt for More Utica OR Marcellus Assets
August 28, 2025August 28, 2025

MDN previously brought you the news that Infinity Natural Resources (INR) CEO Zack Arnold was interested in “lower level” deals to buy Utica Shale assets situated near INR’s existing leasehold positions (see Infinity Natural Resources on the Hunt for More Ohio Utica Assets). Arnold told the audience at the 2025 SUPER DUG Conference and Expo in June that his company was currently hunting for deals. We have an update. It appears Arnold has modified his intentions since June. At yesterday’s DUG Appalachia Conference in Pittsburgh, Arnold said he’s now interested in buying both Utica AND Marcellus assets. He’s also interested not only in smaller deals in the millions of dollars, but larger deals “that could pierce $1 billion.” Read More “Infinity Nat. Res. on the Hunt for More Utica OR Marcellus Assets”
Energy Companies | INR/Infinity Natural Resources | Ohio | Pennsylvania | Statewide OH | Statewide PA

Infinity’s 2Q Growth (Up 25% from 1Q) Driven by PA Marcellus Wells
August 13, 2025August 13, 2025

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. Read More “Infinity’s 2Q Growth (Up 25% from 1Q) Driven by PA Marcellus Wells”
Allegheny County | Antero Resources | Ascent Resources | Encino Energy | Energy Companies | EOG Resources | EQT Corp | Expand Energy | Greene County (PA) | Guernsey County | Gulfport Energy | Harrison County | Indiana County | INR/Infinity Natural Resources | Marion County | Monroe County | Noble County | Ohio | Pennsylvania | Range Resources Corp | Weekly Permits | West Virginia | Wetzel County | Wyoming County (PA)

17 New Shale Well Permits Issued for PA-OH-WV Jul 14 – 20
July 25, 2025July 25, 2025

For the week of July 14 – 20, the number of permits issued to drill new wells in the Marcellus/Utica decreased from the previous week. There were 17 new permits issued across the three M-U states last week, four fewer than the 21 issued two weeks ago. The Keystone State (PA) issued just four new permits. All were single permits. Range Resources received its permit for a well in Allegheny County. EQT got a permit for a well in Greene County. Infinity Natural Resources’ (INR) permit was in Indiana County. And Expand Energy’s permit was in Wyoming County. Read More “17 New Shale Well Permits Issued for PA-OH-WV Jul 14 – 20”
Antero Resources | Arsenal Resources | Ascent Resources | Carroll County | Coterra Energy (Cabot O&G) | Encino Energy | Energy Companies | EOG Resources | EQT Corp | Greene County (PA) | Guernsey County | Harrison County | Harrison County | Indiana County | INR/Infinity Natural Resources | Marion County | Marion Natural Energy | Ohio | Pennsylvania | Range Resources Corp | Susquehanna County | Washington County | Weekly Permits | West Virginia | Wetzel County

27 New Shale Well Permits Issued for PA-OH-WV Jun 23 – 29
July 7, 2025July 7, 2025

For the week of June 23 – 29, the number of permits issued to drill new wells in the Marcellus/Utica rose slightly from the previous week. There were 27 new permits issued across the three M-U states last week, up three from 24 issued two weeks ago. The Keystone State (PA) issued 10 new permits. Six of the ten permits went to EQT for a single pad in Greene County. Two permits were issued to Range Resources for a pad in Washington County. And one permit each was issued to Coterra Energy in Susquehanna County (in Dimock!), and Infinity Natural Resources in Indiana County. Read More “27 New Shale Well Permits Issued for PA-OH-WV Jun 23 – 29”
Energy Companies | Industrywide Issues | INR/Infinity Natural Resources | M&A | Ohio | Pennsylvania | Statewide OH | Statewide PA

Infinity Natural Resources on the Hunt for More Ohio Utica Assets
June 25, 2025June 25, 2025

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). Hart Energy’s Nissa Darbonne recently interviewed INR CEO Zack Arnold at the 2025 SUPER DUG Conference and Expo. He had some VERY interesting things to say about both the Ohio Utica and the Pennsylvania Marcellus. Read More “Infinity Natural Resources on the Hunt for More Ohio Utica Assets”
Allegheny County | Antero Resources | Energy Companies | Harrison County | HG Energy | Indiana County | INR/Infinity Natural Resources | Lycoming County | Olympus/Huntley & Huntley | Pennsylvania | Seneca Resources | Tioga County (PA) | Tyler County | Weekly Permits | West Virginia

26 New Shale Well Permits Issued for PA-OH-WV May 5 – 11
May 16, 2025May 16, 2025

For the week of May 5 – 11, the number of permits issued to drill new wells in the Marcellus/Utica was up four from the previous week. Last week, 26 new permits were issued in the M-U. In the Keystone State (PA), 13 new permits were issued. The top permittee was Seneca Resources, which had eight permits spread across two pads in Lycoming and Tioga counties. Olympus Energy, which is being sold to EQT, scored four permits for a pad in Allegheny County. And Infinity Natural Resources (INR) received a single permit in Indiana County. Read More “26 New Shale Well Permits Issued for PA-OH-WV May 5 – 11”
Energy Companies | INR/Infinity Natural Resources | Ohio | Pennsylvania | Statewide OH | Statewide PA

Infinity Natural Resources Adds Second Rig to Drill in PA Marcellus
May 14, 2025May 14, 2025

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 public quarterly update yesterday. Among the bits of news is that INR recently contracted a second drilling rig to drill four natural gas wells in the Pennsylvania Marcellus Shale, which are expected to be turned online to sales this summer. Read More “Infinity Natural Resources Adds Second Rig to Drill in PA Marcellus”
Belmont County | CNX Resources | Columbiana County | Encino Energy | Energy Companies | EQT Corp | Fayette County | Guernsey County | Gulfport Energy | Harrison County | HG Energy | Hilcorp Energy | INR/Infinity Natural Resources | Marshall County | Monongalia County | Monroe County | Ohio | Pennsylvania | Southwestern Energy | Tuscarawas County | Weekly Permits | West Virginia | Westmoreland County | Wetzel County

36 New Shale Well Permits Issued for PA-OH-WV Apr 7 – 13
April 17, 2025April 17, 2025

Last week was an interesting week for new permits issued to drill new shale wells in the Marcellus/Utica. For the week of Apr 7 – 13, the number of permits issued soared, up 15 from the previous week. Last week, 36 new permits were issued. The surprising thing is just how few of those new permits were issued in the Keystone State (PA). Just five new permits went to PA. CNX Resources had four of PA’s new permits, all for the same well pad in Westmoreland County. The other permit went to EQT in Fayette County. Read More “36 New Shale Well Permits Issued for PA-OH-WV Apr 7 – 13”
Belmont County | Bradford County | Carroll County | Chesapeake Energy | Encino Energy | Energy Companies | Greylock Energy | Guernsey County | INR/Infinity Natural Resources | Lycoming County | Ohio | Pennsylvania | Potter County | Range Resources Corp | Seneca Resources | Southwestern Energy | Susquehanna County | Tioga County (PA) | Washington County | Weekly Permits

21 New Shale Well Permits Issued for PA-OH-WV Mar 31 – Apr 6
April 11, 2025April 11, 2025

For the week of Mar 31 – Apr 6, the number of permits issued in the Marcellus/Utica to drill new shale wells increased by two from the previous week. Last week, 21 new permits were issued, with 12 going to the Keystone State (PA). Expand Energy, via its merged companies Chesapeake Energy and Southwestern Energy, scored five permits, with three permits for Southwestern in Susquehanna County and two for Chesapeake in Bradford County. Greylock Energy received three permits for drilling in Potter County. Range Resources also received three permits to drill wells in Lycoming and Washington counties. Read More “21 New Shale Well Permits Issued for PA-OH-WV Mar 31 – Apr 6”
Energy Companies | INR/Infinity Natural Resources

Infinity Update: Spending More, Producing More Natural Gas in 2025
March 31, 2025March 31, 2025

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 very first public quarterly update last week. Here is an MDN exclusive: No one else has (so far) offered a transcript of the conference call held on Friday by INR’s top brass. We have a transcript (below). Read More “Infinity Update: Spending More, Producing More Natural Gas in 2025”