Deal Insight
Ascent Resources agrees to US$1.5 billion Utica acquisition
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
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Executive summary: Table 1Ascent, CNX and Hess wells and permits in southeast OhioUpstream assets: Table 1Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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