Infinity Natural Resources announced on January 22, 2026 that it has acquired Chase Oil Corporation’s working interest in the South Bend field in Pennsylvania for an all‑stock transaction valued at approximately $36 million. The deal, effective January 1, 2026, adds 18 producing wells that generated about 14 million cubic feet per day of net natural gas as of December 2025, and includes three wells slated to come online in the first half of 2026.
The acquisition also brings future development inventory of 40 gross wells in the Marcellus play and 38 gross wells in the Utica play, positioning Infinity to expand its dry‑gas production base and reinforce its dual‑commodity strategy. The transaction is the company’s first use of equity as acquisition currency, a milestone that signals a post‑IPO growth strategy focused on consolidation within the Appalachian Basin.
Management highlighted the strategic fit of the deal, noting that the high‑net‑revenue‑interest leases will deliver immediate production and EBITDA in 2026 and be accretive in 2026 and 2027. “This strategic bolt‑on acquisition allows us to use our equity currency for the first time to consolidate our core dry gas Pennsylvania position and execute our post‑IPO strategy of strategic consolidation within the Appalachian Basin,” said President and CEO Zack Arnold.
Infinity’s financial profile shows revenue of $308.48 million with an operating margin of –4.58 % and a net margin of –0.58 %, reflecting ongoing challenges in profitability and free‑cash‑flow generation. The addition of high‑NRI leases is expected to offset these headwinds by boosting production and improving operating leverage.
Commodity price volatility and negative free‑cash‑flow remain key headwinds for the company, but the South Bend acquisition strengthens Infinity’s asset base and provides a platform for future growth. The deal aligns with the company’s broader expansion plans, including the pending $1.2 billion acquisition of Antero Ohio assets.
By consolidating its dry‑gas portfolio and leveraging equity for acquisitions, Infinity positions itself to capture upside in the Marcellus and Utica plays while maintaining a balanced dual‑commodity strategy. The South Bend field acquisition is a tangible step toward the company’s long‑term growth objectives and enhances its competitive positioning in the Appalachian Basin.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.