Ascent Resources | Bradford County | Chesapeake Energy | Energy Companies | Gulfport Energy | Jefferson County (OH) | Ohio | Olympus/Huntley & Huntley | Pennsylvania | Range Resources Corp | Repsol | Susquehanna County | Washington County | Weekly Permits | Westmoreland County
26 New Shale Well Permits Issued for PA-OH-WV Nov 14-20
Last week (Nov. 14-20) saw a total of 31 new shale permits issued across the Marcellus/Utica, up slightly from 26 permits the week before. Pennsylvania received the most permits, with 26 new permits issued. Ohio received five new permits, and West Virginia got skunked with no new permits last week.
Read More “26 New Shale Well Permits Issued for PA-OH-WV Nov 14-20”
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 third quarter update yesterday. Ascent averaged production of 2.34 Bcfe/d for the quarter, up significantly from the 1.98 Bcfe/d it averaged in 3Q21 (18% increase). Production was also up from the 1.97 Bcfe/d produced last quarter, 2Q22 (19% increase). Nearly all of Ascent’s production (94%) was natural gas, while the rest was oil and NGLs.
On July 1, just as everyone was heading out the door for summer vacation, Ascent Resources announced it is buying another 26,800 acres in the Ohio Utica for $270 million (see