Ascent Resources Utica Holdings LLC is pivoting to the liquids-rich window of its acreage and marketing most of its natural gas outside the Appalachian Basin to offset price volatility, according to management.


CEO Jeff Fisher hosted a conference call earlier this month to discuss first quarter results of Oklahoma City-based Ascent, a Utica Shale pure-play and the largest privately held gas producer by volume in the Lower 48, according to a new ranking by Enverus.

Ascent produced 2.04 Bcf/d of gas during the first quarter, up from 1.82 Bcf/d in the same period last year.

Ascent turned 12 wells in-line, seven of which “were located in the liquids rich window of the play, adding meaningful oil volumes to our production mix and helping provide a buffer against depressed...