Infinity Natural Resources to buy Pennsylvania gas asset in $36M deal
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Infinity Natural Resources (INR) has agreed to acquire Chase Oil's working interest in the South Bend field, Pennsylvania, for approximately $36 million in stock. This acquisition includes 18 producing wells and additional development opportunities. The deal follows a previous $1.2 billion transaction with Antero Ohio and aligns with Infinity's strategy for consolidation in the Appalachian Basin, according to CEO Zack Arnold.
Source: MSN The copyright of this article belongs to the original author/organization.
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