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 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.

Ascent Resources reported strong Q2 2024 results, with a 5% increase in net production and a significant 60% rise in liquids production compared to the prior year.

Key highlights of the report include Ascent’s continued commitment to environmental stewardship, social responsibility, and robust governance practices. The company has made significant strides in emissions management, water conservation, land use, and community engagement. Ascent’s efforts are underpinned by a strong governance structure, a dedicated and talented workforce, and a relentless pursuit of operational excellence.

Ascent Resources Utica Holdings, LLC reported a strong first quarter in 2024, with net production averaging 2.2 billion cubic feet equivalent per day and liquids production up 38% year-over-year.