COMPELLING ASSETS - CHARACTER - VISION - COMMITMENT
We are Ascent Resources!
ABOUT

OUR STORY

Ascent Resources, LLC was established to acquire, explore for and develop natural gas, oil and natural gas liquids reserves in the Appalachian Basin. Through our subsidiary, Ascent Resources – Utica, LLC, we have built a large, contiguous acreage position of over 310,000 net leasehold acres and royalty interests in over 70,000 fee mineral acres in the core of the southern Utica Shale. We are a premier, pure-play Utica Shale operator and have grown to become one of the largest privately held exploration and production companies in the United States (in terms of gross operated production) and the number one producer of natural gas, and a top three producer of oil, in the state of Ohio.

ASCENT ADVANTAGES

  • Premier, pure-play Utica Shale operator, generating industry and basin leading returns
  • Large-scale, contiguous acreage position of over 310,000 net leasehold acres and royalty interests in over 70,000 fee mineral acres in the over-pressured core of the Utica Shale
  • Sizeable resource base of approximately 16 trillion cubic feet equivalent of total reserves with substantial operational control
  • Decade plus of high-quality premium drilling locations spanning all three hydrocarbon windows
  • Superior operating capability with basin-leading cost structure coupled with improving capital efficiency
  • Focused midstream strategy with long-term contracts that provide optionality to premium markets
  • Strong balance sheet and liquidity alongside declining leverage profile supporting future development
  • Disciplined hedging program that mitigates commodity price risk volatility
  • Highly experienced management team and leading equity sponsors with a proven track record of value creation
  • Commitment to safety and environmental excellence