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Ascent Resources agrees to US$1.5 billion Utica acquisition

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10 July 2018

Ascent Resources agrees to US$1.5 billion Utica acquisition

Report summary

Utica Shale-focused private operator Ascent Resources expands its foothold in the play with four announced deals totalling US$1.5 billion. Ascent is purchasing 113,000 net acres with associated production of 216 mmcfed from CNX Resources, Hess, Utica Mineral Development (UMD) and a fourth undisclosed seller. These deals increase Ascent's total leasehold in the Utica to 310,000 net acres.

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 5 images and tables including:

  • Executive summary: Table 1
  • Ascent, CNX and Hess wells and permits in southeast Ohio
  • Upstream assets: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Ascent Resources agrees to US$1.5 billion Utica acquisition

    PDF 1.14 MB

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