INR/Infinity Natural Resources

Energy Companies | INR/Infinity Natural Resources

Infinity Natural Resources Targets 70% Growth in 2026 Outlook
March 12, 2026March 12, 2026

In its 2025 year-end results released yesterday, Infinity Natural Resources (INR) provided a bullish outlook for the coming year. The company, which focuses solely on the Marcellus/Utica, is targeting roughly 70% year-over-year production growth, fueled by the integration of the Ohio Utica assets it recently acquired from Antero (see INR & NOG Close on Purchase of Antero’s Ohio Utica Assets for $1.2B). INR plans to run two rigs through 2026, with a specific focus on the “volatile oil window” of the Utica and dry gas Marcellus in Pennsylvania. Read More “Infinity Natural Resources Targets 70% Growth in 2026 Outlook”
Antero Resources | Arsenal Resources | Ascent Resources | Doddridge County | Energy Companies | Gulfport Energy | Harrison County | Indiana County | INR/Infinity Natural Resources | Monroe County | Noble County | Ohio | Pennsylvania | Weekly Permits | West Virginia

17 New Shale Well Permits Issued for PA-OH-WV Feb 16 – 22
February 27, 2026February 27, 2026

The Marcellus/Utica region received a combined 17 new drilling permits last week, Feb. 16 – 22, way down (by 26) from the 43 permits issued two weeks ago. To be fair, 43 permits was one of the highest in recent months, so a slide was expected. What wasn’t expected was that Pennsylvania issued just a single (1) new permit. Ohio issued 8 permits, and West Virginia issued 8 as well. The drillers receiving new permits last week included: Antero Resources, Arsenal Resources, Ascent Resources, Gulfport Energy, and Infinity Natural Resources. Read More “17 New Shale Well Permits Issued for PA-OH-WV Feb 16 – 22”
Antero Resources | Belmont County | Energy Companies | Guernsey County | Harrison County | Industrywide Issues | INR/Infinity Natural Resources | M&A | Northern Oil & Gas | Ohio

INR & NOG Close on Purchase of Antero’s Ohio Utica Assets for $1.2B
February 24, 2026February 24, 2026

In December, Antero Resources announced a deal to sell its Ohio Utica assets to a partnership of Northern Oil & Gas (NOG) and Infinity Natural Resources (INR) for $1.2 billion in cash (see NOG & INR Partner to Buy Antero Resources’ Ohio Utica for $1.2B). The deal includes 71,000 net acres concentrated in Ohio’s Guernsey, Belmont, and Harrison counties, producing 133 MMcfe/d (81% gas, 19% liquids) from 255 laterals. The midstream (pipeline) part of the deal includes approximately 141 miles of wholly owned midstream gathering lines and approximately 90 miles of water lines. As of yesterday, the deal closed. INR now operates those assets. Read More “INR & NOG Close on Purchase of Antero’s Ohio Utica Assets for $1.2B”
Antero Resources | Arsenal Resources | Ascent Resources | Butler County | Coterra Energy (Cabot O&G) | Doddridge County | Energy Companies | Guernsey County | Harrison County | Harrison County | HG Energy | Indiana County | INR/Infinity Natural Resources | JKLM Energy | Lewis County | Ohio | PennEnergy Resources | Pennsylvania | Ritchie County | Susquehanna County | Tioga County (PA) | Weekly Permits | West Virginia

43 New Shale Well Permits Issued for PA-OH-WV Feb 9 – 15
February 20, 2026February 20, 2026

The Marcellus/Utica region received a combined 43 new drilling permits last week, Feb. 9 – 15, up 19 from the permits issued two weeks ago. The most recent high in permits (going back at least a year) occurred during the first week of December, when 60 new permits were issued (see 60 New Shale Well Permits Issued for PA-OH-WV Dec 1 – 7). A week with 43 permits is also significant, indicating an increase in drilling activity. Pennsylvania issued 25 new permits, Ohio issued 7, and West Virginia issued 11. The drillers receiving new permits last week included: Antero Resources, Arsenal Resources, Ascent Resources, Coterra Energy, HG Energy, Infinity Natural Resources, JKLM Energy, and PennEnergy Resources. Read More “43 New Shale Well Permits Issued for PA-OH-WV Feb 9 – 15”
Antero Resources | Belmont County | Energy Companies | Guernsey County | Harrison County | Industrywide Issues | INR/Infinity Natural Resources | M&A | Northern Oil & Gas | Ohio

NOG & INR Adjust Ownership Split of Antero’s Ohio Utica Assets
February 20, 2026February 20, 2026

In December, Antero Resources announced a deal to sell its Ohio Utica assets to a partnership of Northern Oil & Gas (NOG) and Infinity Natural Resources (INR) for $1.2 billion in cash (see NOG & INR Partner to Buy Antero Resources’ Ohio Utica for $1.2B). The deal includes 71,000 net acres concentrated in Ohio’s Guernsey, Belmont, and Harrison counties, producing 133 MMcfe/d (81% gas, 19% liquids) from 255 laterals. The midstream (pipeline) part of the deal includes approximately 141 miles of wholly owned midstream gathering lines and approximately 90 miles of water lines. Yesterday, NOG and INR announced that they are tweaking the arrangement, with INR boosting its ownership share in the deal from 51% to 60%. Read More “NOG & INR Adjust Ownership Split of Antero’s Ohio Utica Assets”
Armstrong County | Energy Companies | Indiana County | INR/Infinity Natural Resources | Pennsylvania

Infinity Buys Out PA Shale Well Co-Investor for $36M Using Co. Stock
January 21, 2026January 21, 2026

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”… Read More “Infinity Buys Out PA Shale Well Co-Investor for $36M Using Co. Stock”
Antero Resources | Columbiana County | Energy Companies | EOG Resources | EQT Corp | Greene County (PA) | Hilcorp Energy | Indiana County | INR/Infinity Natural Resources | Ohio | Pennsylvania | Range Resources Corp | Tuscarawas County | Tyler County | Washington County | Weekly Permits | West Virginia

26 New Shale Well Permits Issued for PA-OH-WV Dec 22 – 28
January 5, 2026January 5, 2026

The combined number of new permits issued to drill shale wells across the Marcellus/Utica region was 26 for the week of Dec. 22 – 28, more than double the 12 issued two weeks ago. Pennsylvania issued 15 new permits, Ohio issued 6, and West Virginia issued 5. Among the companies receiving new permits were Antero, EOG, EQT, Hilcorp, INR, and Range Resources. Read More “26 New Shale Well Permits Issued for PA-OH-WV Dec 22 – 28”
Antero Resources | Belmont County | Energy Companies | Guernsey County | Harrison County | Industrywide Issues | INR/Infinity Natural Resources | M&A | Northern Oil & Gas | Ohio

NOG & INR Partner to Buy Antero Resources’ Ohio Utica for $1.2B
December 8, 2025December 22, 2025

The second round of big news coming from Antero Resources today is the sale of the company’s Utica Shale assets. We told you in November that Antero, the largest Marcellus/Utica (M-U) driller in West Virginia, officially began to market its Ohio Utica assets for sale (see Antero Returns to Dry Gas Drilling; Confirms Ohio Utica for Sale). They found a buyer (actually, buyers). Northern Oil and Gas, Inc. (NOG), a company that invests in non-operated oil and gas assets (they let others do the drilling), and Marcellus/Utica driller Infinity Natural Resources (INR) announced a partnership to purchase the Ohio Utica assets of Antero Resources Corporation and Antero Midstream Corporation for a combined purchase price of $1.2 billion in cash. Read More “NOG & INR Partner to Buy Antero Resources’ Ohio Utica for $1.2B”
Boardwalk Pipeline Partners | Energy Companies | Energy Services | Expand Energy | INR/Infinity Natural Resources | PennEnergy Resources | Seneca Resources

All Signs Point to an Increase in M-U Production Coming in 2026
November 25, 2025November 25, 2025

Regional and national indicators are driving optimism in the Marcellus/Utica Basin, which currently supplies 31% of U.S. natural gas. Despite recent constraints from low prices and limited pipeline capacity, drillers like Infinity Natural Resources and Expand Energy now predict significant output growth coming in the new year. This resurgence is fueled by surging in-basin demand from AI data centers, major power plant conversions in Pennsylvania, and improved takeaway prospects, such as Boardwalk’s proposed Borealis pipeline to the Gulf Coast (see Texas Gas Project to Build ~180 Miles of Greenfield Pipe in OH Utica). By leveraging AI-driven drilling efficiencies and accelerating deep Utica development, companies are aggressively expanding to meet rising local and national energy demand. Read More “All Signs Point to an Increase in M-U Production Coming in 2026”
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”