Infinity Nat. Res. on the Hunt for More Utica OR Marcellus Assets
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”
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 
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. 
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 
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. 
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 