INR News & Events

Northern Oil and Gas (NOG) and Infinity Natural Resources (INR) announced an ownership adjustment to the pending joint acquisition of the Ohio Utica assets of Antero Resources Corporation (AR) and Antero Midstream Corporation (AM). On February 19, 2026, NOG and INR announced an adjustment of ownership interests in their pending joint acquisition of interests in the Ohio Utica Shale Upstream and Midstream Assets from Antero Midstream Corporation and Antero Resources, Inc. ("Antero"). At closing, NOG will acquire a 40% stake in the Assets for $480 million, the cash purchase price is subject to customary closing adjustments and remains on the same pro rata economic terms as originally announced, with INR increasing its stake in the joint acquisition to 60%. NOG and INR continue to anticipate that the transaction will close by the end of the first quarter of 2026. NOG will fund the acquisition with cash on hand, operating free cash flow and borrowings from NOG's reserves-based lending facility.

Infinity Natural Resources announced 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 $36M. The Transaction has an effective date of January 1, represents the Company's first use of stock currency to execute its post-IPO growth strategy, and follows Infinity's pending transformational $1.2B Antero Ohio transaction announced in December. Transaction highlights include: Production Uplift: 18 producing wells generating approximately 14 MMcf/d of net natural gas production for the month of December 2025. Near-Term Development Opportunities: three additional wells in progress expected to be turned into sales in the first half of 2026. Future Development Inventory: underlies 40 additional gross Marcellus locations and 38 gross Utica locations. Strategic Acreage: 1,613 net Marcellus acres and 1,613 net Utica acres, consolidating Chase's working interest across our core dry gas development area in Pennsylvania.