Latham Advises on Infinity Natural Resources, Inc.’s Issuance of Preferred Stock to Fund Increased Interest in Antero Ohio Acquisition

Infinity Natural Resources, Inc. (Infinity) (NYSE: INR) has announced that it agreed to increase its interest from 51% to 60% in the transformational US$1.2 billion Antero Ohio Utica Shale Acquisition pursuant to an agreement with Northern Oil and Gas, Inc., using a portion of the proceeds of a US$350 million strategic equity investment from leading energy-focused private capital investors Quantum Capital Group and Carnelian Energy Capital Management. The Investment in Series A Convertible Preferred Stock significantly reduces the company’s pro forma leverage and increases its liquidity. The investment positions Infinity to continue to accelerate development of its extensive drilling inventory and pursue additional strategic consolidation opportunities within the Appalachian Basin.

Latham & Watkins LLP represented the placement agent in the transaction, with a corporate deal team led by Austin partners David Miller and Samuel Rettew, with associates Rachel Collier and Carol Bale. Advice on tax matters was also provided by Houston partner Bryant Lee, with associate Graham Core; and on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Phil Goldberg.