4Q2019 Earnings: Ascent Forecasting Stronger Appalachian Natural Gas Output, Less Spending

4Q2019 Earnings: Ascent Forecasting Stronger Appalachian Natural Gas Output, Less Spending

Ohio pure-play Ascent Resources Utica Holdings LLC, the state’s largest natural gas producer, plans to slash capital spending significantly this year as it battles low commodity prices across the Appalachian Basin.

February 25, 2020

Ascent Sees 2019 as ‘Inflection Point’ in Ohio’s Utica

Ohio pure-play Ascent Resources LLC, the Utica Shale’s largest producer, said in a rare operational update that it expects to reach at least 2 Bcfe/d of production this year.

March 22, 2019
Ascent Spending $1.5B to Inflate Utica Shale Position

Ascent Spending $1.5B to Inflate Utica Shale Position

Ascent Resources LLC announced on Friday that it would acquire 113,400 net Utica Shale acres for $1.5 billion in a package of deals with multiple sellers, ballooning the company’s position in the play to more than 300,000 net acres and becoming one of the country’s largest private exploration and production (E&P) companies in the process.

June 29, 2018

Briefs — Ascent Resources

Ascent Resources Marcellus Holdings LLC (ARM) and its subsidiaries have emerged from Chapter 11 bankruptcy. The filing was a negotiated agreement reached with first and second lien term loan holders to restructure the balance sheet, reduce long-term debt and improve liquidity. The company owed more than $1 billion on the loans. The bankruptcy proceedings did not involve Ascent Resources LLC or other affiliates that oversee Utica Shale operations in Ohio. ARM operates more than 40,000 acres in West Virginia.

April 2, 2018

Ascent Resources Marcellus Affiliates File for Bankruptcy

Ascent Resources Marcellus Holdings LLC and its subsidiaries (ARM), successor companies that had their beginnings with the late Aubrey McClendon, have filed for Chapter 11 bankruptcy protection.

February 8, 2018

Ascent Resources Raises $787M For Utica Development, Rover Commitment

Appalachian pure-play Ascent Resources LLC has reached a deal to sell 3.5 billion common units in a private placement that would net it $787 million in proceeds, extinguishing debt and alleviating concerns about how the company would fund aggressive development plans in Ohio’s Utica Shale.

November 11, 2016

Ascent Resources Picks Up American Energy’s $9M-Plus Battle With Utica Landowners

Ascent Resources LLC has responded to a lawsuit filed by nearly 70 landowners in Southeast Ohio against its predecessor company, American Energy Utica LLC (AEU), seeking to dismiss claims that it owes more than $9.2 million in overdue lease signing bonuses and court fees.

October 8, 2015

Some Points in West Miss Out on Overall Rally

It turned out that Wednesday’s softness was just the cash market taking a breather from this week’s price ascent based on heavy power generation load for air conditioning. The climb resumed Thursday at most points as temperatures approaching and in some cases exceeding 100 degrees will continue to sear the South, Midcontinent and Southwest into the weekend.

August 10, 2007

Prices Still Rising, But at Considerably Slower Pace

The ascent slowed down considerably, but prices extended this week’s rally into a third straight day Wednesday. As on the week’s first two trading days, awesome strength in energy futures and Southern air conditioning load continued to be primary drivers of cash market firmness.

April 20, 2006

Price Ascent Continues But at Slower Rates

Getting genuine weather support and an additional boost from the previous day’s 30 cents-plus screen rise, prices rose again Tuesday at most points, but in considerably reduced amounts from Monday gains in most cases. As a result of the West’s modest moderating trend from last week’s cold, many of the smaller increases were recorded in that region and a few were flat to lower.

December 15, 2004
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