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’ 2025 outlook includes a total capital budget of $755M–$815M, with $625M–$675M allocated for drilling & completions and $130M–$140M for land acquisitions. The company expects total production of 2,050–2,150 mmcfe/d, with liquids increasing to 14%–16% of the mix. Ascent plans to spud 50–55 wells with an average lateral length of 16,500’–17,000’, focusing on operational efficiency and maintaining strong cash flow despite recent market challenges.

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).