Ascent Distros $12.5M to Unitholders; Performing Reverse Stock Split

We spotted an announcement from Ascent Resources that piqued our curiosity. Ascent, founded as American Energy Partners by gas legend Aubrey McClendon, is a privately held company focusing 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohio’s largest natural gas producer (356,700 leased acres) and the 8th largest natural gas…

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