尤蒂卡页岩油生产商Infinity Natural Resources已申请 IPO，将公共股权纳入其 90,000 英亩净土地，包括其在不断增长的俄亥俄州油田中积累的租赁权。

总部位于西弗吉尼亚州摩根敦的 E&P 于 10 月 4 日向美国证券交易委员会提交了 S-1 申请。迄今为止，承销商为花旗集团、Raymond James和RBC Capital Markets。尚未确定股票数量和价格区间的估计数。

该公司预计将在纽约证券交易所交易，股票代码为“INR”。

10 月 3 日，哈特能源在达拉斯举行的能源资本会议上，发言人表示，公开市场对中小型公司的上市交易越来越感兴趣。

根据 S-1 文件，除了俄亥俄州尤蒂卡油道（该油道的日产量约为 7,100 桶）之外，Infinity 公司还在阿巴拉契亚山脉东部富含气体的马塞勒斯页岩区开展业务，总产量达到 25,000 桶油当量/天，其中石油占 29%，液体占 48%。

Infinity 成立于 2017 年，由Pearl Energy Investments和NGP提供支持，开始在宾夕法尼亚州马塞勒斯进行天然气钻探。2021 年，该公司开始在俄亥俄州积累尤蒂卡石油租赁权。

其净土地面积为 90,000 英亩，其中 83% 为 HBP，其中 60,000 英亩位于俄亥俄州，30,000 英亩位于宾夕法尼亚州。

报告称，在某些地区，考虑到堆叠的台地（马塞勒斯和尤蒂卡以及每个区域的多个分层井），其“总地平线面积”为 119,000 英亩净值。

已探明储量为 1.416 亿桶油当量，已探明开发储量为 48%，其中石油为 22%，天然气为 18%，天然气液为 60%。

报告称，未来油井库存为 339 个总水平井，其中 73 个已探明，266 个尚未探明，以目前每年 18 口井的速度进行 19 年的钻探，可以勘探和完井 440 万英尺的水平井。

今年夏天，Infinity 总裁兼首席执行官扎克·阿诺德 (Zack Arnold)告诉 Hart Energy，俄亥俄州尤蒂卡油道比宾夕法尼亚州 Infinity 的马塞勒斯油井更容易钻探。俄亥俄州尤蒂卡油道地质上比较平静，这意味着它没有断层。

他说道：“我们只需对定向计划进行很少的改变，就可以完成非常长的水平井。”

Infinity TD 于 6 月中旬成功下潜至一艘 14,000 英尺深的船只，并且全程都停留在 3.5 英尺的区域。

“在马塞勒斯的某些地区，这很难做到，因为情况更加复杂，你必须更仔细地追踪这种地形，”阿诺德说。“在俄亥俄州，我们不必这样做。”

他补充道，Infinity 的最佳水平飞行高度在 14,000 至 20,000 英尺之间。

除了阿诺德之外，Infinity 的创始人之前还曾在阿巴拉契亚盆地为切萨皮克能源公司（现称为 Expand Energy）和东北天然能源公司工作。

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大桶：了解俄亥俄州尤蒂卡的新石油资源

Utica Shale oil producer Infinity Natural Resources has filed to IPO, bringing public equity into its 90,000 net acres, including leasehold it has amassed in the growing Ohio play.

The Morgantown, West Virginia-based E&P filed an S-1 with the Securities and Exchange Commission Oct. 4. Underwriters to date are Citigroup, Raymond James and RBC Capital Markets. An estimate of the number of shares and price range is not yet determined.

It expects to trade on the New York Stock Exchange under the ticker symbol "INR."

Speakers at Hart Energy’s Energy Capital Conference in Dallas Oct. 3 said public markets are increasingly receptive to go-public deals by small- and mid-cap companies.

In addition to Ohio’s Utica oil fairway, where Infinity is producing some 7,100 bbl/d, it operates in eastern Appalachia’s gassy Marcellus Shale, bringing total output to 25,000 boe/d, 29% oil and 48% liquids, according to the S-1 filing.

Formed in 2017 and backed by Pearl Energy Investments and NGP, Infinity got to work drilling for gas in Pennsylvania’s Marcellus. In 2021, it began accumulating Utica oil leasehold in Ohio.

Of Its 90,000 net acres, which are 83% HBP, 60,000 net are in Ohio and 30,000 in Pennsylvania.

Factoring for stacked benches—both the Marcellus and Utica and multiple, layered wells in each zone—in some areas, its “total horizon acres” are 119,000 net, it reported.

Proved reserves are 141.6 MMboe, 48% proved developed, comprised of 22% oil, 18% NGL, 60% gas.

Future-well inventory is 339 gross laterals—73 proved; 266 unproved—for 19 years of drilling at its current pace of 18 wells per year to D&C the 4.4 million feet of lateral, it reported.

Zack Arnold, Infinity president and CEO, told Hart Energy this summer that the Utica’s oil fairway in Ohio is an easier drill than Infinity’s Marcellus wells in Pennsylvania. Ohio’s Utica fairway is geologically quiet, meaning it  lacks faulting.

“We can do very long laterals with very few changes to our directional plan,” he said.

Infinity TD’ed a 14,000 footer in mid-June that stayed in the 3.5-ft zone the entire time.

“That’s hard to do in some areas of the Marcellus because you have more complexity and you have to chase that formation a little bit more,” Arnold said. “We don't have to do that in Ohio.”

Infinity’s optimal lateral is between 14,000 and 20,000 feet, he added.

In addition to Arnold, Infinity’s founders previously worked the Appalachian Basin for Chesapeake Energy, now known as Expand Energy, and for Northeast Natural Energy.

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