Ascent Resources Turns Profitable, Drills 22 New Wells in 2Q

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 (337,000 leased acres) and the 8th largest natural gas producer in the U.S. The company issued its second quarter update yesterday. Ascent averaged production of 2.0 Bcfe/d for the quarter, the same as 1Q22 and virtually the same as 2Q21. By the end of June, Ascent was producing 2.2 Bcfe/d. Nearly all of Ascent’s production (93%) was natural gas, while the rest was oil and NGLs.

---

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