Ascent Resources Company News

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Hess Sets Sights Away from Utica
Friday, June 29, 2018Hess has entered an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC.

Ascent Resources Appoints Interim CEO
Friday, September 11, 2015Ascent Resources appoints an interim CEO following Len Reece's decision to resign.

Ascent Resources Appoints New CFO
Monday, August 03, 2015Ascent Resources appoints Jennifer M. Grigsby as its new chief financial officer, effective August 1, 2015.

Brazil's Odebrecht, Braskem to Operate US Petrochemical Project
Thursday, April 10, 2014Brazil's Braskem and Odebrecht play leading roles in upcoming petrochemical hubs in West Virginia and Mexico.

Ascent Sells Netherlands Licenses
Wednesday, August 07, 2013Ascent sells licenses covering the Terschelling-Noord field, offshore the Netherlands.

Ascent Completes Peneszlek Sidetrack in Hungary
Wednesday, April 18, 2012Ascent Resources has completed the drilling of the PEN-105A sidetrack in the Peneszlek Project in Eastern Hungary.

PetroHungaria Begins Sidetrack of Hungary Well
Wednesday, March 21, 2012PetroHungaria kft, the operator of the Peneszlek gas production concession in eastern Hungary, has commenced operations to sidetrack the PEN-105 well.

Ascent Completes Frac Stimulation at Slovenia Proj.
Wednesday, October 19, 2011Ascent has completed the fracture stimulation of the Pg-11A well at the Petisovci Project in Slovenia.

Ascent Gets OK for License Extension Offshore Netherlands
Tuesday, September 13, 2011Ascent Resources has received confirmation of the extension of its M10/M11 block licenses located offshore Netherlands in the southern North Sea.

Ascent IDs 400 Bcf of Gas-in-Place at Slovenia Well
Tuesday, August 23, 2011The results confirm over 400 Bcf of gas-in-place at the Pg-10 well in Slovenia.

Ascent Spuds Slovenia Well
Thursday, June 23, 2011Ascent has commenced drilling the Pg-10 well which is the second redevelopment well of the Petisovci Project in Slovenia.

Ascent Concludes Drilling Ops at Slovenia Well
Monday, June 13, 2011Ascent has successfully completed the drilling of the Pg-11A well in the Petisovci Project in Slovenia.

Ascent Reports 2010 Results
Thursday, June 02, 2011Ascent announced its final results for the year ended December 31, 2010.

First Gas Flows at Ascent's Slovenia Well
Tuesday, May 24, 2011Ascent has flowed gas from an open-hole test of the Karpatian reservoir of the Pg-11A well and now continues drilling to the planned total depth of 3,500m.

Ascent Completes First Phase of Ops at Petisovci Well
Wednesday, February 16, 2011Ascent has successfully completed the first phase of operations on the Pg-11 well in the Petisovci Project in Slovenia.

EnQuest Sells Petisovci Project Share for Ascent Stake
Tuesday, December 21, 2010EnQuest has agreed to dispose of its 48.75% interest in the Petisovci Project in Slovenia, in return for a 22.5% equity stake in Ascent.

Ascent: Drilling to Begin Soon at Petisovci-Lovaszi
Thursday, December 02, 2010Ascent advised that the mobilization of a rig has started for the Pg-11 evaluation well in the Petisovci-Lovaszi area and that they expect to commence drilling soon.

Ascent Completes Sale of Hungary Discovery
Thursday, November 04, 2010Ascent has completed the sale of its 20.167% interest in the western part of the Nyirseg Szatmar permits in Hungary, which contains the Gorbehaza-1 (GH-1) gas discovery.

Ascent Reports 412Bcf of Gas in Petisovci-Lovaszi Area
Wednesday, October 13, 2010Ascent has received an independent report corroborating the highly prospective nature of the Petisovci-Lovaszi project area, with P50 estimates of gas-in-place of 412 Bcf.

Ascent Acquires Additional Interest in Hungary
Thursday, September 23, 2010Ascent has acquired a 60% interest in the Igal-II exploration permit in Central Hungary though its 60% equity interest in Pelsolaj.

Ascent Welcomes Non-Executive Director to Board
Tuesday, September 14, 2010Ascent announced the appointment of Cameron Davies to the Board as Non-executive Director with immediate effect.

Ascent Ups Interest in North Sea Block
Thursday, July 15, 2010Ascent has increased its interest in the M10/11 block in the southern North Sea off the Netherlands' coast.

Ascent Increases Interest in Petisovci Project
Thursday, July 01, 2010Ascent has increased its interest in the Petisovci project in Slovenia, following the transfer of stakes in the Dolina and Globoki fields.

Ascent Acidizes Well in Hungary
Monday, June 07, 2010Ascent Resources has successfully acidized the PEN-101A well in the Penészlek area of the Nyírség exploration permits in eastern Hungary.

Ascent Concludes Sidetrack in Eastern Hungary
Tuesday, May 11, 2010Ascent has completed the PEN-101 sidetrack, part of the Peneszlek Project, in the Nyírség exploration permits of eastern Hungary.

Ascent Retains Exploration Permit in Northern Italy
Wednesday, April 28, 2010Ascent Resources has agreed terms with farm-in partner Otto Energy for Otto's withdrawal from the Cento & Bastiglia exploration permit in the Po Valley of northern Italy.

Ascent Completes Drilling on Fontana Well
Monday, April 19, 2010Ascent has completed operations on the Fontana-1 well in Italy's Latina Valley. Additionally, on the Penszlek project in eastern Hungary, the project Partners have made the decision to plug and abandon the PEN-106 well.

Ascent Resources Spins Bit in Eastern Hungary
Thursday, April 01, 2010Ascent Resources announced that it is currently drilling the PEN-106 well, part of the Peneszlek Project in eastern Hungary.

NSC Wraps Up Slovenia Seismic Project
Thursday, March 25, 2010Nemmoco Slovenia Corporation has completed the 3D seismic processing and the preliminary interpretation for the Petisovci project in Slovenia with positive results.

Ascent Brings Hungarian Gas Well Online
Tuesday, March 23, 2010Production from the PEN-105 well in Hungary has commenced and is expected to stabilize at over 2 MMscfd within a few days.

Ascent Completes New Gas Producer in Hungary
Wednesday, March 10, 2010Ascent successfully tested and completed the PEN-101 well, in the Peneszlek area of the Nyirseg exploration permits in eastern Hungary.

PetroHungaria Spuds New Peneszlek Well in Hungary
Tuesday, February 09, 2010Ascent Resources' subsidiary PetroHungaria has commenced the drilling of the PEN-101 well, part of the Penszlek Project in eastern Hungary.

Ascent: Potential Upside from Fontana-1 Still Remains
Tuesday, February 02, 2010Ascent will commence the re-drilling of the Fontana-1 well in Hungary the next few days.

Ascent Cites Active Exploration Schedule in 2010
Monday, December 14, 2009Ascent has an active schedule in place for 2010, having made considerable progress in 2009, advancing its European onshore assets and completing a fundraising to focus on those projects that can produce near term cash flow.

Ascent Prepares to Connect PEN-105 Well in Hungary
Friday, December 04, 2009Production testing of the PEN-105 well at the Nyirseg South permit in northeastern Hungary has yielded an initial flowrate of over 78,000 m3 of gas per day; the well is now awaiting construction of the pipeline connection to the main export pipeline.

Ascent Resources Raises Development Funds
Friday, November 27, 2009The funds raised by Ascent Resources will be used to accelerate the development of the Company's balanced portfolio of European oil and gas production and exploration projects.

Ascent Completes Drilling at PEN-104 Sidetrack in Hungary
Monday, November 02, 2009Ascent Resources, through its Hungarian subsidiary PetroHungaria, has completed the drilling of the PEN-104 sidetracked gas well in the Nyirseg permits of Eastern Hungary.

Ascent Resources Spuds Fontana-1 Onshore Italy
Wednesday, October 28, 2009Ascent Resources has commenced the drilling of the Fontana-1 well in the Frosinone Exploration permit in the Latina Valley, southeast of Rome, Italy.

PetroHungaria Spuds PEN-104AA Sidetrack
Monday, September 28, 2009Drilling has commenced on a further sidetrack of the PEN-104 well in the Peneszlek field of northeastern Hungary.

Ascent Resources Tests Positive Gas at GH-1 in Hungary
Thursday, September 17, 2009Ascent Resources has successfully completed and tested the Gorbehaza-1 well ('GH-1') located in the western part of the Nyirseg Szatmar permits in Hungary.

Ascent Agrees on Swiss Exploration Option
Wednesday, September 02, 2009Ascent Resources has signed an agreement with Schuepbach Energy for an option to participate in the exploration of the Jurassic shales in Ascent's exploration and appraisal project in the Canton of Vaud in Switzerland.

Drilling Kicks Off at Gorbehaza-1 Onshore Hungary
Tuesday, August 18, 2009Drilling operations have commenced at the Gorbehaza-1 well, located in the western part of the Nyirseg Szatmar permits in Hungary.

Ascent to Spud PEN-105 Well in Hungary Soon
Monday, August 10, 2009Mobilization of the rig that will drill the PEN-105 well in the Peneszlek area of the Nyirseg permits in Hungary has commenced.

Ascent Resources Zeroes in on E&P Strategy, European Portfolio
Thursday, July 23, 2009Ascent continues to advance its strategy of participating in European onshore assets with high upside potential, focused primarily on gas.

Ascent, MOL Expand Joint Operations in Hungary
Monday, July 06, 2009Ascent Resources has agreed terms with MOL for joint operations in an area covering 88 square kilometers in southwestern Hungary, which includes both the Lovaszi and Ujfalu oil and gas fields.

Ascent to Collect Interest in Colorado's Jolly Ranch Project
Monday, June 01, 2009Ascent is to be assigned an interest in the Jolly Ranch Project in Colorado through transfer of interest by San Severina Holdings.

Ascent Farms-Out Stake in Slovenia Exploration Project
Thursday, May 21, 2009Ascent has farmed-out half of its 80% participation in the Eastern Slovenian Exploration Project to Aspect Energy International.

Ascent Resources Kicks Off Drilling at Gazzata-1 in Italy's Po Valley
Wednesday, May 20, 2009Ascent commenced drilling operations at the Gazzata-1 well near the city of Modena in Italy's Po Valley.

Ascent Resources Clinches Credit Facility for Exploration Projects
Thursday, May 14, 2009Ascent Resources has entered into an agreement with GEM Global Yield Fund Limited whereby GEM has made available an equity line of credit to fund the company's exploration projects.

Ascent Resources Successfully Completes, Tests Sidetrack in Hungary
Monday, April 20, 2009Ascent Resources has successfully completed and tested the PEN-104A side track of the PEN-104 gas producing well in the Peneszlek area of the Nyirseg permits of eastern Hungary.