Ascent Resources

Website

Address

3501 NW 63rd St.
Oklahoma City, OK 73116
405-608-5544

Company Description

Ascent Resources is one of the largest privately held exploration and production companies in the United States, focusing on acquiring, developing, and operating natural gas and oil properties in the Utica Shale region of southern Ohio. The company is the largest natural gas producer in Ohio, emphasizing efficient operations and stakeholder value maximization.

Resent News

Ascent Resources reported $210M in adjusted net income, $430M in adjusted EBITDAX, and $177M in free cash flow, despite a GAAP net loss of $362M. The company produced 2.0 Bcfe/d, with 16% liquids, and maintained strong hedge positions and over $1.4B in liquidity. Capital expenditures totaled $211M, with 18 wells spud and 11 TIL.

“Ascent had another excellent quarter… highlighted by strong price realizations, lower costs, and exceptional well performance.” – Jeff Fisher, CEO

The company remains confident in its ability to navigate market volatility and grow free cash flow through 2025 and beyond.

Operations

MARCELLUS/UTICA

Belmont County, OH ranks #1 in the state for BOE produced in the most recent month (Dec 2018).

Guernsey County, OH ranks #5 in the state for BOE produced in the most recent month (Dec 2018).

Harrison County, OH ranks #4 in the state for BOE produced in the most recent month (Dec 2018).

Jefferson County, OH ranks #3 in the state for BOE produced in the most recent month (Dec 2018).