INR/Infinity Natural Resources

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”
Antero Resources | Armstrong County | Carroll County | Chesapeake Energy | Encino Energy | Energy Companies | EQT Corp | Harrison County | Indiana County | INR/Infinity Natural Resources | JKLM Energy | Ohio | PennEnergy Resources | Pennsylvania | Range Resources Corp | Seneca Resources | Snyder Brothers | Sullivan County | Tioga County (PA) | Tyler County | Washington County | Weekly Permits | West Virginia | Wetzel County

36 New Shale Well Permits Issued for PA-OH-WV Feb 10 – 16
February 21, 2025February 21, 2025

For the week of Feb 10 – 16, the number of permits issued in the Marcellus/Utica to drill new shale wells soared. Two weeks ago, 24 new permits were issued. Last week, the number increased to 36 new permits issued. The Keystone State (PA) issued the vast majority with 23 new permits last week. Seven permits went to PennEnergy Resources, all on a single pad in Armstrong County. Snyder Brothers received five permits for a single pad, also in Armstrong County (meaning half the PA permits went to Armstrong). Range Resources was third in line with four new permits for a single pad in Washington County. Read More “36 New Shale Well Permits Issued for PA-OH-WV Feb 10 – 16”
Energy Companies | INR/Infinity Natural Resources

INR IPO Grows, Adds Another $37M for $302M Total in Proceeds
February 7, 2025February 7, 2025

We previously reported that INR (Infinity Natural Resources), which drills exclusively in the Marcellus/Utica region, floated an initial public offering (IPO) that brought in money on the high end of expectations and that the newly issued stock immediately started trading some 10% higher (see INR IPO Does Better than Expected, Stock Trading Pops 10% Higher). We have more good news about INR and its IPO. The investment bank underwriters elected to exercise their options to issue even more shares, netting the company another $37.3 million. Add it all up, and INR’s IPO brought in just over $302 million. Read More “INR IPO Grows, Adds Another $37M for $302M Total in Proceeds”
Energy Companies | INR/Infinity Natural Resources

INR IPO Does Better than Expected, Stock Trading Pops 10% Higher
February 3, 2025February 3, 2025

A couple of encouraging signs for Infinity Natural Resources (INR) and its recent initial public offering (IPO). Two weeks ago, we told you that INR had pulled the trigger on its IPO and was offering new shares, targeting to receive somewhere between $18.00 and $21.00 per share (see Infinity Natural Resources Launches IPO, Hopes to Raise ~$250M). We picked the mid-range and said wouldn’t it be great if the company got $250 million (roughly $19/share). Lo and behold, the money that came in was on the high side. The company raised $265 million ($20/share), giving INR a $1.18 billion market capitalization. Not only that… Read More “INR IPO Does Better than Expected, Stock Trading Pops 10% Higher”
Antero Resources | Energy Companies | Guernsey County | INR/Infinity Natural Resources | Ohio | Tyler County | Weekly Permits | West Virginia

7 New Shale Well Permits Issued for PA-OH-WV Jan 20 – 26
January 31, 2025January 31, 2025

For the week of Jan 20 – 26, permits issued in the Marcellus/Utica to drill new shale wells fell off a proverbial cliff. Two weeks ago, 41 new permits were issued. Last week, the number plummeted to just seven new permits issued. Perhaps the most interesting thing about last week’s numbers is that NO new permits were issued in the Keystone State (PA). We believe that’s the first time we’ve seen no new permits in PA. We wonder if there’s a problem with the reporting system (the state DEP’s reporting system is known to occasionally have issues). We’ll check again next week to see if PA’s numbers get updated. Meanwhile, there were four new permits for the Buckeye State (OH) and three for the Mountain State (WV). Read More “7 New Shale Well Permits Issued for PA-OH-WV Jan 20 – 26”
Ascent Resources | Crude Oil | Energy Companies | EOG Resources | Industrywide Issues | INR/Infinity Natural Resources | Ohio | Statewide OH

A Look at Ohio’s Utica Condensate/Light Crude Drillers, Part 2
January 28, 2025January 28, 2025

Condensates are in the light-colored bottles on the left (click for larger version)

Condensate production (super-light crude oil) in the Utica Shale’s volatile oil window in eastern Ohio has more than doubled over the past three years. The small number of drillers that focus on drilling for condensate in Ohio (about half a dozen) are due to increase their output of condensate in 2025 and 2026. Who are these drillers? Why do they see such promise for condensate growth in the Utica? And, how are they measuring their success? Read More “A Look at Ohio’s Utica Condensate/Light Crude Drillers, Part 2”
Energy Companies | INR/Infinity Natural Resources | Ohio | Pennsylvania | Statewide OH | Statewide PA

Infinity Natural Resources Launches IPO, Hopes to Raise ~$250M
January 22, 2025January 22, 2025

MDN reported in October that Marcellus/Utica driller Infinity Natural Resources (INR) intended to file an initial public offering (IPO) with the Securities and Exchange Commission hoping to raise $100 million (see M-U Driller Infinity Natural Resources Files for $100 Million IPO). We further reported in December that INR added seven Big Banks to the existing list of four as underwriters (see Infinity Natural Resources Picks Up Another 7 Banks for Utica IPO). All signs pointed to an imminent launch of the IPO. That day is here. INR announced yesterday that it has launched an offering of 13.25 million shares of stock, hoping to fetch between $18.00 and $21.00 per share. Read More “Infinity Natural Resources Launches IPO, Hopes to Raise ~$250M”
Antero Resources | Armstrong County | Arsenal Resources | Belmont County | Coterra Energy (Cabot O&G) | Encino Energy | Energy Companies | EOG Resources | Guernsey County | Gulfport Energy | Harrison County | Harrison County | Indiana County | INR/Infinity Natural Resources | Marshall County | Monongalia County | Northeast Natural Energy | Ohio | Pennsylvania | Range Resources Corp | Ritchie County | Snyder Brothers | Southwestern Energy | Susquehanna County | Washington County | Weekly Permits | West Virginia

27 New Shale Well Permits Issued for PA-OH-WV Jan 6 – 12
January 17, 2025January 17, 2025

For the week of Jan 6 – 12, permits issued in the Marcellus/Utica to drill new shale wells remained healthy. There were 27 new permits issued last week, down three from 30 issued the week before. The Keystone State (PA) issued 13 new permits, with four going to Snyder Brothers in Armstrong County, four going to Coterra Energy in Susquehanna County (must be Coterra has restarted drilling), three for Infinity Natural Resources (INR) in Indiana County, and two for Range Resources in Washington County. Read More “27 New Shale Well Permits Issued for PA-OH-WV Jan 6 – 12”