Kirkland Represents Infinity Natural Resources, Inc. on Joint Acquisition in the Ohio Utica Shale for $1.2 Billion

Kirkland & Ellis advised Infinity Natural Resources, Inc. (NYSE: INR) on a definitive agreement to acquire upstream and midstream assets in Ohio from Antero Resources Corporation (NYSE: AR) and Antero Midstream Corporation (NYSE: AM) for a combined $1.2 billion. Concurrently, Northern Oil and Gas, Inc. (NYSE: NOG) will acquire an undivided 49% interest in the assets for $588 million, resulting in a $612 million purchase price net to Infinity for its undivided 51% interest. The agreements have an effective date of July 1, 2025, with closing anticipated in the first quarter of 2026, subject to customary purchase price adjustments and closing conditions.

Read Infinity Natural’s press release

The Kirkland team included real asset lawyers William Eiland, Matt Gibson, Mohammad Alkadhem, Braxton Iden, Bridgette Dwyer, Chelsea Daku and Clayton Hart; debt finance lawyers Chad Davis, Lucas Spivey and Jina Chung; capital markets lawyers Michael Rigdon, Robbie Dillard and Billy Vranish; tax lawyers Joe Tobias, David Wheat and Brooke Schafer; energy regulatory lawyers Damien Lyster and Mack Dowiak; litigation lawyers Nick Brown and Gabrielle Howells; antitrust & competition lawyers Matthew Wheatley and Chuck Boyars; and environmental transactions lawyers Jonathan Kidwell and Courtney Tibbetts.