As used in this prospectus, unless the context indicates or otherwise requires, the terms listed below have the following meanings:
| • | “Appalachia-Focused Public Peers” refers to the public companies operating in 2023 with the following ticker symbols: AR, CHK, CNX, EQT, GPOR, RRC, and SWN. For the avoidance of doubt, this does not reflect the merger of CHK and SWN, effective October 1, 2024; |
| • | “Block Island” refers to Block Island Minerals LLC, a subsidiary of INR Holdings; |
| • | “Carroll County Acquisition” refers to INR’s acquisition of the Warrior North field from PennEnergy Resources, Inc. in April 2021 for $32 million; |
| • | “Cheat Mountain” refers to Cheat Mountain Resources, LLC, a subsidiary of INR Holdings; |
| • | “Credit Agreement” refers to that certain Credit Agreement, dated September 25, 2024, by and among INR Holdings, the lenders from time to time party thereto and Citibank, N.A., as the administrative agent and an issuing bank; |
| • | “Credit Facility” refers to the revolving credit facility provided under our Credit Agreement; |
| • | “DROI” refers to Discounted Return on Investment, which we define as the present value at a 10% discount rate of future net cashflows excluding capital expenditures divided by the net capital expenditures associated with the development of a horizontal well; |
| • | “Enverus” means Enverus, Inc., a database with which we have a fee-based subscription agreement for access to real-time information related to global oil and gas data, analytics and forecasting. Data on the Enverus system covers worldwide exploration, production and general midstream energy company information which we retrieve and then synthesize to generate charts and tables based on such data, such as the charts on pages 4, 5, 6, 104, 105 and 106 of this registration statement; |
| • | “Existing Owners” refers, collectively, to Pearl, NGP, certain other co-investors and the management members that directly and indirectly own equity interests in INR Holdings or its wholly owned subsidiaries prior to, as of and following the completion of our corporate reorganization; |
| • | “INR Holdings” refers to Infinity Natural Resources, LLC, a Delaware limited liability company, and the entity that holds the Company’s operating entities; |
| • | “INR Holdings LLC Agreement” refers to the second amended and restated limited liability company agreement of INR Holdings; |
| • | “Infinity Natural Resources,” “Infinity,” “INR,” the “Company,” “we,” “our,” “us” or like terms refer collectively to Infinity Natural Resources, Inc. and its consolidated subsidiaries; |
| • | “INR Ohio” refers to INR Ohio, LLC, a subsidiary of INR Holdings; |
| • | “INR Midstream” refers to INR Midstream, LLC, a subsidiary of INR Holdings; |
| • | “INR Operating” refers to INR Operating, LLC, a subsidiary of INR Holdings; |
| • | “INR Unit Holder” refers to a holder of INR Units (other than INR) and a corresponding number of shares of Class B common stock of INR; |
| • | “INR Units” refers to units representing limited liability company interests in INR Holdings issued pursuant to the INR Holdings LLC Agreement, which shall only be held along with a corresponding number of shares of Class B common stock of INR; |
| • | “IRR” refers to “Internal Rate of Return,” which we define as the discount rate that makes the net present value of all future cash flow equal to zero; |
| • | “Liquids-Focused Public Peers” refers to the public companies with the following ticker symbols: FANG, DVN, CTRA, OVV, PR, CIVI, MTDR, SM, VTLE, REI, CHRD, MGY, MUR, CRC, NOG, and BRY; |
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| • | “LLC Interests” refers to the limited liability company interests of INR Holdings; |
| • | “NGP” refers to a family of private equity funds managed by NGP Energy Capital Management, L.L.C., including NGP XI US Holdings, L.P.; |
| • | “Pearl” refers to Pearl Energy Investments, L.P., PEI INR Holdings, L.P., Pearl Energy Investments III, L.P., PEI Infinity-S, LP, PEI INR Co-Invest-B Corp. and their affiliates; |
| • | “PEO Ohio” refers to PEO Ohio, LLC; |
| • | “PEO Ohio Acquisition” refers to Infinity’s acquisition of assets from PEO Ohio in October 2023; |
| • | “Prior Credit Facility” refers to the amended and restated credit agreement of INR Holdings; |
| • | “Utica Resource Acquisition” refers to Infinity’s acquisition of the assets of Utica Resource Ventures in October 2023; |
| • | “Utica Resource Ventures” refers to Utica Resource Ventures, LLC; and |
| • | “Wolf Run” refers to Wolf Run Operating, LLC, a subsidiary of INR Holdings that holds the assets acquired in the Utica Resource Acquisition. |
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