Infinity Natural Resources
General Information | |
Business: | We are an oil and natural gas producer operating in the Utica and Marcellus Shales. (Incorporated in Delaware)We are involved in the acquisition, operation and development of oil and natural gas properties in the Utica Shale in Ohio and Pennsylvania and the Marcellus Shale in Pennsylvania.We are a growth oriented, free cash flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. We are focused on creating shareholder value through the identification and disciplined development of low-risk, highly economic oil and natural gas assets while maintaining a strong and flexible balance sheet. Additionally, we have proven our ability to grow our acreage position through organic leasing efforts and accretive acquisitions. We are an early mover into the core of the Utica Shale’s volatile oil window in eastern Ohio as well as the emerging dry gas Utica Shale in southwestern Pennsylvania. Our Marcellus Shale development overlays our deep dry gas Utica assets in Pennsylvania, providing highly economic stacked development inventory that leverages the same company-owned midstream infrastructure. We have amassed approximately 90,000 net surface acres with exposure to the core of these plays providing us a unique and balanced portfolio of high-return oil and natural gas drilling locations. This balance allows us to optimize our development plan across our portfolio to capitalize on changes in commodity pricing over time.We believe our technical and managerial expertise allow us to execute our strategies and deliver industry leading results. Our expertise is bolstered by the continuity of our core team, which has worked together for a decade. Since our initial acquisition in southwestern Pennsylvania in March 2018, we have increased our operated horizontal well count from 2 to 125 (40 of which we drilled) with an additional nine wells in process, not including five non-operated wells in process, as of June 30, 2024. In total, we have increased our net daily production from virtually zero at the beginning of 2021 to 25 Mboe/d (29% oil and 48% liquids) for the quarter ended June 30, 2024.Note: Net income and revenue are for the 12 months that ended June 30, 2024.(Note: Infinity Natural Resources filed its S-1 on Oct. 4, 2024, and did not disclose terms for its IPO. Estimated proceeds are $100.0 million.)
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Industry: | Oil & Gas Drilling - Shale |
Employees: | 66 |
Founded: | 2017 |
Contact Information | |
Address | 2605 Cranberry Square Morgantown, WV 26508 (304) 212-2350 |
Phone Number | (304) 212-2350 |
Web Address | http://www.infinitynaturalresources.com/ |
View Prospectus: | Infinity Natural Resources |
Financial Information | |
Market Cap | |
Revenues | $221.01 mil (last 12 months) |
Net Income | $54.5 mil (last 12 months) |
IPO Profile | |
Symbol | INR |
Exchange | NYSE |
Shares (millions): | 0.0 |
Price range | $0.00 - $0.00 |
Est. $ Volume | $100.0 mil |
Manager / Joint Managers | Citigrouip/Raymond James/RBC Capital Markets |
CO-Managers | |
Expected To Trade: | |
Status: | TBA |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |