Infinity Pure Sources Inc mentioned Monday it had accomplished the acquisition of upstream and midstream belongings within the Ohio Utica Shale from Antero Sources Corp and Antero Midstream Corp for $1.2 billion.
In professional forma phrases, the acquisition propels Morgantown, West Virginia-based Infinity to a number one operator place within the basin with about 102,000 web acres, it mentioned in an internet assertion. Infinity now has “575 areas, together with 347 high-quality Ohio Utica areas, normalized to 10,000 toes”, the corporate mentioned.
“Common lateral size of roughly 13,700 toes for Utica areas opens rapid entry to a number of improvement home windows throughout oil, wealthy fuel and dry fuel zones whereas creating vital optimization alternatives by means of prolonged laterals”.
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The acquisition contains round 71,000 web horizontal acres within the Utica core – concentrated within the counties of Belmont, Guernsey and Harrison – and over 110 undeveloped lengthy lateral drilling areas with risky oil, wealthy fuel and dry fuel home windows, in response to Infinity.
“The midstream and advertising and marketing belongings embrace 141 miles of high- and low-pressure gathering traces with 600 mmcf/d [million cubic feet per day] throughput capability, offering rapid vertical integration advantages and substantial operational synergies”, it mentioned.
President and chief government Zack Arnold mentioned, “This transformational acquisition represents a hand-in-glove match with our current Ohio operations and additional solidifies our compelling long-term development platform”.
Infinity plans to function two rigs this 12 months to speed up improvement. It mentioned it can element its outlook for 2026 in its report for the fourth quarter of 2025, scheduled for March.
The transaction concerned “an undivided 60 % curiosity, elevated from the initially introduced 51 % curiosity following the corporate’s beforehand introduced $350 million strategic fairness funding from Quantum Capital Group and Carnelian Vitality Capital Administration that closed concurrently with the transaction”, Infinity mentioned.
“Along with utilizing proceeds from the strategic fairness funding, the transaction was funded by means of Infinity’s current credit score facility and money available, requiring no further fairness issuance”, it added.
The sale of the non-core belongings was a part of a sequence of offers executed by Antero Sources that permits the Denver, Colorado-based firm to broaden its core footprint within the Marcellus shale.
Antero Sources, in its quarterly report February 11, mentioned it had accomplished an settlement to accumulate the upstream belongings of HG Vitality II LLC for $2.8 billion plus the idea of HG Vitality’s commodity hedge guide. Antero Midstream, partly owned by Antero Sources, concurrently acquired HG Vitality’s midstream belongings for $1.1 billion.
“First quarter 2026 manufacturing is predicted to common roughly 3.8 Bcfe/d [billion cubic feet equivalent a day], with the second quarter growing to 4.1 Bcfe/d pushed by a full quarter of HG contribution”, Antero Sources mentioned. “The second half of 2026 is predicted to common roughly 4.2 Bcfe/d. This ends in a full 12 months common of roughly 4.1 Bcfe/d”.
To contact the creator, e-mail jov.onsat@rigzone.com
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