Ascent Resources’ $1.5 Billion Buying Spree Builds Utica Giant
Transaction Type
Sellers
Buyers
Basin
Appalachian Basin
Announce Date
Post Date
Close Date
Estimated Price
$400.0MM
Description
Purchased a 50% stake in OH Utica JV assets; includes about 39,000 net acres, of which 26,000 net acres are undeveloped, and net production for 2018 forecast to average 14,000 boe/d (70% residue gas).