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 (352,000 leased acres) and the 8th largest natural gas producer in the U.S. The company issued its fourth quarter and full-year 2022 update yesterday. Ascent net production averaged 2.2 Bcfe/d (billion cubic feet equivalent per day) during 4Q, and averaged 2.1 Bcfe/d for the year. The company made $1.6 billion in profit during 4Q, and $361 million in profit for the entire year (versus losing $806 million in 2021).
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 (352,000 leased acres) and the 8th largest natural gas producer in the U.S. The company issued its fourth quarter and full-year 2022 update yesterday. Ascent net production averaged 2.2 Bcfe/d (billion cubic feet equivalent per day) during 4Q, and averaged 2.1 Bcfe/d for the year. The company made $1.6 billion in profit during 4Q, and $361 million in profit for the entire year (versus losing $806 million in 2021).