Infinity Buys Upstream, Midstream Utica Assets for $1.2B

SECAUCUS, NJ (DTN) – Infinity Natural Resources announced Monday (12/8) it had acquired upstream and midstream assets in the Ohio Utica Shale for a total of $1.2 billion from Antero Resources and Antero Midstream.

The deal, formalized on December 5, involves a partnership where Northern Oil and Gas will pay $588 million for a 49% stake in the assets and Infinity $612 million for the remaining 51%.

The purchase is expected to generate an estimated $25 million in cost savings in 2026 for Infinity, the company said.