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Stock impact report

Infinity Natural Resources (INR) Finalizes Transformational $1.2B Ohio Utica Shale Acquisition [Yahoo! Finance]

Infinity Natural Resources, Inc. Class A (INR) 
Company Research Source: Yahoo! Finance
Infinity Natural Resources Inc. (NYSE: INR ) is one of the best up and coming energy stocks to buy . On February 23, Infinity Natural Resources finalized a transformational $1.2 billion acquisition of upstream and midstream assets in the Ohio Utica Shale from Antero Resources and Antero Midstream. Supported by a $350 million strategic equity investment from Quantum Capital Group and Carnelian Energy Capital Management, Infinity Natural Resources increased its acquired interest from 51% to 60%. The transaction was funded through the equity investment, an existing credit facility, and cash on hand without requiring additional equity issuance. The acquisition adds ~71,000 net horizontal acres across Ohio's Guernsey, Belmont, and Harrison counties, along with over 110 undeveloped drilling locations totaling 1.6 million lateral feet. The deal includes 141 miles of gathering lines with 600 MMcf/d throughput capacity, providing immediate vertical integration and operational synergies. I Show less Read more
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