Ascent, a privately held operator focused 100% on the Ohio Utica Shale, is the largest natural gas producer in Ohio and the 8th largest gas producer in the United States. Over the past week, reports have surfaced of a competitive sale process, culminating in the first concrete valuation to hit the market: a $6 billion offer from Kimmeridge Energy, a private investment firm known for taking active, and sometimes activist, positions in energy assets.
Ascent Resources: Buyout Rumors Heat Up as Utica Drilling Data Tells a Bigger Story
