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Stock impact report

Ohio Utica's Ascent Resources Credit Rep Rises on Production, Cash Flow [Yahoo! Finance]

EOG Resources, Inc. (EOG) 
Last eog resources, inc. earnings: 2/27 04:33 pm Check Earnings Report
US:NYSE Investor Relations: investors.eogresources.com
Company Research Source: Yahoo! Finance
Ascent is Ohio's No. 2 oil and NGL producer, surfacing some 7.4 MMbbl last year, primarily from new-drill Utica oil-targeted wells supplemented by vintage laterals dating back to the early 2010s, according to Ohio state data. The company's daily average was some 20,200 bbl/d. Its 2023 output was 27% of the state's total 27.8 MMbbl of oil production. Houston-based Encino Energy 's business unit EAP Ohio holds the state's No. 1 oil producer title with some 14 MMbbl in 2023 that was 50% of all Ohio oil production. Meanwhile, Ascent, the No. 1 Ohio gas producer, put into pipe some 889 Bcf last year or an average of 2.4 Bcf/d. Its 2023 output was 41% of the state's 2.17 Tcf of gas production. EAP Ohio, the state's No. 2 gas producer, had an 18% share. Utica newcomer EOG Resources produced 1.3 MMbbl in 2023 and 7.1 Bcf, according to state data. Credit-rating cred Fitch upgraded Ascent's long-term issuer-default rating from B to B+ on April 22. It also raised the operator's se Show less Read more
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