
Infinity Natural Resources Inc., Morgantown, plans to add a second rig to its operations this spring as it builds on the December acquisition of some Ohio Utica assets from Antero Resources. But executives said Mar. 11 they’re more likely to add fracturing crews than a third rig this year should oil prices stay at higher levels.
Infinity, led by president and chief executive officer Zack Arnold, 3 months ago paid roughly $1.2 billion for upstream and midstream assets in Ohio that peers at Antero were divesting as part of their purchase of HG Energy II assets in the Marcellus basin. In the second quarter, Infinity will begin operating a rig in the former Antero footprint and Arnold said he expects the company will maintain that count for the rest of the year.
“We are cognizant of our portfolio and the returns that we have,” Arnold said on a conference call discussing Infinity’s fourth-quarter results and 2026 outlook. “We’re probably more likely to maybe consider additional frac crews […] than drilling rigs at this stage. But it’s difficult to say […] Three weeks ago, oil prices were a little bit different.”
Arnold said the team has flexibility “to do the right things” should commodity prices support further investment and could tweak the oil-natural gas priorities in a 2026 plan that today calls for 72% of drilling activity to be in Ohio with the remainder in Pennsylvania. The goal is to turn in line about 30 wells (gross) this year—10 of which will be at the recently acquired assets—and have 2026 total net production grow to 345-375 MMcfed, of which liquids and oil will be 18,000-20,000 b/d. In the fourth quarter, that figure was 272 MMcfed.






















