Which companies might consider buying Infinity Natural Resources for it`s Marcellus/Utica development in Armstrong/Indiana counties? They seem to be doing well.
Are there any rumors of a sale? It should be noted that with the dip in Oil prices, they have drilled more wells in the Marcellus recently. On the other hand, recent interviews have noted that the Deep Utica is currently a hot topic in the business and thus this area is of more interest to other companies. It is expected that there will be more interest in the Tier 2 marcellus and deep utica beginning in Armstrong County northeast towards the Northeast PA core. Huntley and Huntley (former owners of the now merged Olympus intends to form a new company with this area as a likely target.
Kambe
Are there any rumors of a sale? It should be noted that with the dip in Oil prices, they have drilled more wells in the Marcellus recently. On the other hand, recent interviews have noted that the Deep Utica is currently a hot topic in the business and thus this area is of more interest to other companies. It is expected that there will be more interest in the Tier 2 marcellus and deep utica beginning in Armstrong County northeast towards the Northeast PA core. Huntley and Huntley (former owners of the now merged Olympus intends to form a new company with this area as a likely target.
Sep 30
Joe C.
Oct 3