Latest news with #InfinityNaturalResources
Yahoo
6 days ago
- Business
- Yahoo
What's the future of state park funding? Ohio Senate uses fracking bonuses for bottom line
When Ohio Republicans pitched fracking in state parks in 2011, one of their selling points was a cash infusion for state parks. But a Senate change would put that money toward regular operations instead. That has some Ohioans who rely on those parks concerned about future funding. "We're very rural and we depend on the income that tourism generates for our local economy," said Shannon Wells, director of economic development for Morgan County, which has three state parks and two wildlife areas. "The reduction in funding could impact law enforcement, other staffing that the state parks find critical to operate." A spokesman for Senate Republicans said those fears are unfounded. Sen. Jerry Cirino, R-Kirtland, told Ohio Public Radio that fracking royalties 'don't belong to ODNR (Ohio Department of Natural Resources). They belong to the people of the state of Ohio.' In December 2024, Ohio approved oil and gas drilling under hundreds of acres of Salt Fork State Park. It was the first − and so far only − state park approved for fracking after state lawmakers kick-started the application process in December 2022. More:Get The Scoop!: Sign up for our weekly Ohio politics newsletter As part of that deal, West Virginia-based Infinity Natural Resources paid $59.7 million in lease bonuses. State law requires 30% of that money to go toward improvements to Salt Fork State Park. In March, Ohio doled out $9.6 million to replace a beach shelter house, build a new concession stand, resurface parking areas and make other repairs. The remaining money is put into a special fund for state parks. Rather than dole that money out, Senate Republicans' two-year budget would cut $35.3 million from Ohio Department of Natural Resources' budget and backfill that money with the signing bonuses, effectively flat-funding the department. Tracy Simons, Morgan County's executive director of tourism, wonders why lawmakers are relying on a pot of money from fracking bonuses that isn't guaranteed going forward. "People could lose their jobs. It's just a snowball effect." Simons said state parks are the lifeblood of tourism for smaller counties like hers. "It would be detrimental to our county as a whole," she said. "Many of our small businesses here rely on tourism and the dollars that it brings in." ODNR is reviewing a proposal, a spokesman said. The Ohio Senate is expected to pass the state budget soon. Then, lawmakers in the House and Senate will hash out differences before sending it to Gov. Mike DeWine. The deadline for a balanced budget is June 30. State government reporter Jessie Balmert can be reached at jbalmert@ or @jbalmert on X. This article originally appeared on Cincinnati Enquirer: Locals who rely on state parks tourism worry about Senate budget plan
Business Wire
16-05-2025
- Business
- Business Wire
Infinity Natural Resources, Inc. to Participate in Upcoming Second Quarter 2025 Investor Conferences
MORGANTOWN, W.V.--(BUSINESS WIRE)--Infinity Natural Resources, Inc. ('Infinity' or the 'Company') (NYSE: INR) announced today that it will be attending the following investor events in the second quarter of 2025: Citi's 2025 Spotlight on SMID Energy Day, May 22, New York, NY; and 2025 RBC Capital Markets Global Energy, Power & Infrastructure Conference, June 3-4, New York, NY. Members of the senior leadership team, including Zack Arnold (President and CEO), David Sproule (EVP and CFO), Ryan Warner (SVP of Commercial and Production), and Gregory Pipkin Jr. (SVP of Corporate Development and Strategy), are expected to participate across these upcoming events. About Infinity Infinity (NYSE: INR) is a growth oriented, free cash flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. Our operations are focused on the volatile oil window of the Utica Shale in eastern Ohio as well as our stacked dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania.
Business Wire
07-05-2025
- Business
- Business Wire
Infinity Natural Resources Announces First Quarter 2025 Results Earnings Release and Conference Call Dates
MORGANTOWN, WIRE)--Infinity Natural Resources, Inc. ('Infinity' or the 'Company') (NYSE: INR) announced today that it will report 2025 first quarter financial and operating results after market close on Monday, May 12, 2025. Management will host a conference call the following day, Tuesday, May 13, 2025, at 10:00 a.m. ET to discuss the results. To participate in the call, dial in at (800) 715-9871 (U.S.), or +1 (646) 307-1963 (International) and reference "Infinity." The conference call will be webcast live on the Company's investor relations website at A replay of the call will be available for 14 days following the call at the Company's website or by phone at (800) 770-2030 (U.S.) or +44 20-3433-3849 (International) using the conference ID: 7133167#. About Infinity Infinity (NYSE: INR) is a growth oriented, free cash flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. Our operations are focused on the volatile oil window of the Utica Shale in eastern Ohio as well as our stacked dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania. Source: Infinity Natural Resources, Inc.
Yahoo
26-02-2025
- Business
- Yahoo
Infinity Natural Resources, Inc. to Participate in Raymond James 46th Annual Institutional Investors Conference
MORGANTOWN, February 26, 2025--(BUSINESS WIRE)--Infinity Natural Resources, Inc. ("Infinity" or the "Company") (NYSE: INR) announced today that it will be attending the Raymond James 46th Annual Institutional Investors Conference to be held on March 2 - 5, 2025 in Orlando, Florida. In attendance from the Company will be Zack Arnold, President and CEO, David Sproule, EVP and CFO, and Gregory Pipkin Jr., Vice President of Corporate Development and Strategy. The investor presentation that will be used in meetings will be posted to the investor relations site at ahead of the Company's first meeting. About Infinity Infinity (NYSE: INR) is a growth oriented, free cash flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. Our operations are focused on the volatile oil window of the Utica Shale in eastern Ohio as well as our stacked dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania. View source version on Contacts Infinity Natural Resources, Pipkin President of Corporate Development and Strategyir@ Sign in to access your portfolio
Yahoo
11-02-2025
- Business
- Yahoo
Infinity Natural Resources, Inc. Announces NYSE Bell Ringing to Commemorate Initial Public Offering
MORGANTOWN, W. Va., February 11, 2025--(BUSINESS WIRE)--Infinity Natural Resources, Inc. ("Infinity") (NYSE: INR) announced today that Infinity President and CEO Zack Arnold and EVP and CFO David Sproule will be joined by other members of the leadership team to ring the NYSE closing bell on Tuesday, February 11, 2025. This comes following a successful initial public offering, which closed on February 3, 2025. The bell ringing ceremony will occur at 4:00 p.m. EST. The event can be viewed at "We are honored to ring the closing bell at the NYSE in celebration of our successful IPO and the beginning of an exciting new chapter for Infinity," said Infinity President and CEO Zack Arnold. "We look forward to creating long-term value for our stakeholders through our unique, value-focused operating model and making our community of Appalachia proud. Thank you to everyone who has been part of our journey." About Infinity Infinity (NYSE: INR) is a growth oriented, free cash flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. Our operations are focused on the volatile oil window of the Utica Shale in eastern Ohio as well as our stacked dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania. View source version on Contacts Infinity Natural Resources, Pipkin President of Corporate Development and Strategyir@
