Ascent Resources Buys Another 27K Utica Acres for $270 Million

Ascent Resources, originally founded as American Energy Partners by gas legend Aubrey McClendon, is a privately-held company that focuses 100% on the Ohio Utica Shale. Ascent is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. There have been plenty of rumors swirling about Ascent, one that says Gulfport Energy is interested in selling to Ascent (see Rumor: Gulfport Energy in Talks to Merge with Ascent Resources) and another that the company is close to launching an IPO (see Ohio’s Largest Shale Driller, Ascent Resources, Preps for IPO). Here's something that's not a rumor: The company is buying another 26,800 acres in the Ohio Utica for $270 million.

---

To view this content, log into your member account. (Not a member? Join Today!)