Infinity Natural Resources Inc. reported its first quarter 2025 financial and operating results, highlighting several significant developments. The company placed into sales six wells during the quarter, totaling approximately 83,000 lateral feet, including one oil well in the Utica Shale in Ohio and five natural gas wells in the Marcellus Shale in Pennsylvania. The company accelerated a natural gas weighted project by contracting a second drilling rig expected to turn four wells into sales this summer. Infinity delivered total net daily production of 26.5 MBoe/d, with a composition of approximately 31% oil and 55% liquids. This represents a 13% sequential growth over the fourth quarter of 2024. The company reduced its total net debt by approximately $250.7 million, bringing it down to approximately $6.6 million as of March 31, 2025. Total liquidity was reported at $343.6 million for the same period. The company anticipates maintaining flexibility in its operations, planning to bring forward its next natural gas project and reviewing oil-weighted development plans for the second half of the year. The macroeconomic environment has influenced the company's strategic decisions, particularly with regard to the anticipated volatility in oil prices and a more constructive outlook for natural gas prices.
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