Monday, May 19, 2025

Ascent Resources Acquires $477 Million of Natural Gas and Oil Leasehold Interests, Fee Minerals and Related Assets

Ascent Resources, LLC announced that it has completed the previously announced acquisition of natural gas and oil leasehold interests, fee minerals and related assets from Utica Minerals Development, LLC for a total purchase price of approximately $477 million, consisting of approximately $238 million of cash proceeds from a recently completed equity raise and approximately $238 million in common equity of the Company.

Contact:

Anne Pearson

Dennard Lascar Investor Relations

210-408-6321

apearson@dennardlascar.com

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