August 6, 2025 – Ascent Resources is maintaining its momentum through the first half of 2025, delivering strong operational and financial results while continuing to push efficiency gains across its Utica Shale operations.
Appalachian Basin Operator Account Directory – $10
Includes: Account Name, Wells Drilled, Rig Count, Location…
🔍 Q2 2025 Highlights
- Production: 2.03 Bcfe/d with 15% liquids
- Net Income: $467 million
- Free Cash Flow: $112 million in Q2; $289 million YTD
- D&C Costs: Fell below the $700/ft target
- Balance Sheet: Over $1.4 billion in liquidity and reduced interest burden with refinancing
- Sustainability: MiQ “Grade A” methane certification for 100% of gas output — fourth year in a row
🛠 Year-to-Date Drilling Activity
Ascent has drilled a total of 39 wells year-to-date in 2025 — all in Ohio, further cementing its position as one of the most active private operators in the Utica Shale.
🧭 Top Counties for Drilling
Drilling activity has been concentrated across several key Ohio counties. Leading the charge are:
- Belmont County
- Guernsey County
- Jefferson County
- Noble County
- Monroe County
(See full breakdown by province and county in the table above.)
🛠 Top Drilling Rigs by Activity
Ascent’s drilling campaign was dominated by Patterson UTI rigs, with three rigs contributing the bulk of 2025’s activity:
- Patterson 578 – 14 wells
- Patterson 581 – 13 wells
- Patterson 584 – 11 wells
- Falcon 29 – 1 well
These rigs supported the company’s push for longer laterals and reduced cycle times, directly contributing to the cost savings and operational outperformance highlighted in the Q2 earnings report.
With continued drilling momentum and a hedge book that supports cash flow stability, Ascent remains well-positioned to deliver strong results through the remainder of the year — both in the field and on the balance sheet.
