dbeard@dominionpost.com
MORGANTOWN – An oil and gas company that got a modest start in Cranberry Square by Cheat Lake in 2017 was recently valued at $1.3 billion, and became the only West Virginia-based company listed on the New York Stock Exchange.
Infinity Natural Resources is based in Morgantown and operates in Ohio and Pennsylvania. On January 30, it announced an initial public offering of 13,250,000 shares to begin trading on the NYSE. THE IPO closed on Feb. 3.
A week later, on Feb. 6, the underwriters of the initial IPO bought an additional 1,987,500 shares. And on Feb. 11, Infinity President and CEO Zack Arnold and Executive Vice President and Chief Financial Officer David Sproule, with other members of the leadership team, were able to celebrate by ringing the NYSE closing…
