Northern Oil and Gas and Infinity Natural Resources to acquire the upstream and midstream assets of Antero Resources and Antero Midstream for $1.2bn.

Northern Oil and Gas, a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, and Infinity Natural Resources, a growth-oriented, free cash flow-generating, independent energy company, agreed to acquire the upstream and midstream assets of Antero Resources, an independent natural gas and liquids company, and Antero Midstream, a company owning, operating, and developing midstream energy assets, for $1.2bn. “This transformational and strategic acquisition represents the largest transaction in Infinity’s history, continuing our track record of aggregation within the Appalachian basin. We are acquiring high-quality, cash-generating assets in the heart of the Utica Shale that immediately compete for capital and significantly enhance our operational scale,” Zack Arnold, Infinity President and CEO.