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ES - Ascent grows into one of Appalachia’s largest producers - March 26, 2019
During 2018, Ascent Resources ran an average of seven operated rigs, compared with five rigs in 2017. The company spudded 119 wells, fracked 119 wells and turned to sales 102 wells during the year. Production averaged 1.36 Bcfe/d, up 80% YOY, and reached a record 1.90 Bcfe/d in December. Commenting on its operations, the company said it was able to improve well EURs and capital efficiency through longer laterals and optimized well completions, while continuing to deliver basin-leading well cost......
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