Ascent Resources achieved record daily production in December 2018, producing roughly 2.4 billion cubic feet equivalent per day (Bcfe/d) gross and 1.9 Bcfe/d net, according to Kallanish Energy.
Ascent and its subsidiaries also increased proved natural gas, oil and natural gas liquids reserves to roughly 7.6 trillion cubic feet equivalent (Tcfe) with a PV-10 value at Securities and Exchange Commission pricing of about $6 billion, at Jan. 31.
Additionally, the company plans to spud between 90 and 100 gross wells, complete 100 to 110 gross wells and bring online 120 to 130 gross operated wells in the Utica Shale in eastern Ohio by the midpoint of this year’s capital plan.
Learn more: Kallanish Energy > Ascent Resources becoming bigger Utica player
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