Le Lézard
Classified in: Oil industry, Environment, Business
Subjects: TNM, DSC

ASCENT RESOURCES, LLC ANNOUNCES CLOSING OF UTICA SHALE BOLT-ON ACQUISITION


OKLAHOMA CITY, Aug. 5, 2022 /PRNewswire/ -- Ascent Resources, LLC (together with its subsidiaries, "Ascent" or the "Company") announced today that it has closed on the previously announced bolt-on acquisition with XTO Energy, a subsidiary of ExxonMobil Corporation, in the Utica Shale in Ohio for a total purchase price of $270 million, subject to customary closing purchase price adjustments. Ascent financed the transaction with a combination of cash on hand and borrowings under its revolving credit facility.

About Ascent Resources:

Ascent is one of the largest private producers of natural gas in the United States and is focused on acquiring, developing, producing, and operating natural gas and oil properties located in the Utica Shale in southern Ohio. With a continued focus on good corporate citizenship, Ascent is committed to delivering low-cost clean-burning energy to our country and the world, while reducing environmental impacts. For more information, visit www.ascentresources.com.

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements in this press release include, but are not limited to, statements regarding the transaction. These statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties. Actual results may vary materially from those expressed or implied in this press release. These statements are made as of the date of this press release and Ascent undertakes no duty or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Chris Benton
Director ? Finance and Investor Relations
405-252-7850
[email protected]

SOURCE Ascent Resources Utica Holdings, LLC


These press releases may also interest you

at 19:20
This press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. (the "Fund") with information regarding the sources of the distribution to be paid on September 30, 2022 and cumulative distributions paid fiscal...

at 19:15
The Maryland Marketing Partnership, created by Governor Larry Hogan in 2016 to help drive Maryland's branding and marketing efforts to attract...

at 19:12
This press release provides shareholders of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (the "Fund") with information regarding the sources of the distribution to be paid on September 30, 2022 and cumulative distributions paid...

at 19:03
This press release provides shareholders of Cohen & Steers Select Preferred and Income Fund, Inc. (the "Fund") with information regarding the sources of the distribution to be paid on September 30, 2022 and cumulative distributions paid fiscal...

at 18:58
United Corporations Limited (the "Company") announced today that upon the terms and subject to the conditions of its substantial issuer bid (the "Offer"), the Company has taken up and paid for 454,545 common shares (the "Shares") that were...

at 18:51
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Yatsen Holding Limited : (i) pursuant and/or traceable to the the Company's initial public offering...



News published on 5 august 2022 at 13:32 and distributed by: