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Infinity Natural Resources has completed its $1.2 billion acquisition of upstream and midstream assets in the Ohio Utica Shale from Antero Resources and Antero Midstream, according to company disclosures and industry reports. The transaction closed in late February 2026 after being announced in December 2025.
Under the terms of the deal, Infinity increased its undivided interest in the Utica assets to 60 %, with Northern Oil and Gas holding the remaining 40 %. Together, the companies acquired integrated upstream production rights and associated midstream infrastructure across core Ohio Utica counties.
The acquired footprint significantly bolsters Infinity’s position in the Utica Shale, giving the company a pro‑forma acreage position of roughly 102,000 net acres and hundreds of undeveloped drilling locations across oil, rich gas and dry gas windows. The transaction also includes gathering pipelines and related facilities that support operations and long‑term development.
To help finance the deal, Infinity secured a $350 million strategic equity investment via convertible preferred stock from energy‑focused investors, and drew on its expanded credit facility and cash on hand.
This strategic acquisition marks a major expansion for Infinity in the Appalachian Basin and reinforces its growth trajectory in both production and midstream operations.
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