News provided by ASCENT RESOURCES, LLC
Jul 23, 2025, 16:00 ET
OKLAHOMA CITY, July 23, 2025 /PRNewswire/ — Ascent Resources, LLC (together with its subsidiaries, “Ascent” or the “Company”) announced today that it has published its 2024 Sustainability Report chronicling the Company’s environmental, health and safety; social; and governance efforts and accomplishments in 2024. The 2024 Sustainability Report can be found at https://www.ascentresources.com/responsibility.
Jeff Fisher, Ascent’s Chairman and Chief Executive Officer, commented “On behalf of everyone at Ascent Resources, I am pleased to share our 2024 sustainability report detailing our continued commitment to sustainably providing American energy that is more affordable, cleaner and secure than anywhere else in the world. From record performance on health and safety metrics to continued emissions reductions and impactful community support, the report emphasizes the commitment and dedication of our talented employees and demonstrates our belief that a common-sense approach to sustainability makes our businesses better.”
2024 Sustainability Report Highlights
- Ultra-low Scope 1 methane emissions intensity of 0.02%
- Scope 1 methane emissions reduced by 75% (from 2020 baseline)
- Scope 1 methane intensity (0.02%) represents ~78% reduction from 2020 baseline
- 92% of pneumatic devices are non-emitting (as of YE2024)
- Leak detection rate 96% lower than regulatory standard in 2024
- Achieved Grade A recertification from MiQ on 100% of our gas production in 2024Expected 4th consecutive Grade A certification in July 2025
- Reused 73% of all produced flowback water in our operations
- Completed implementation of our REPLENISH project – expected to reclaim more than 425 million gallons of fresh water annually
Social
- Top-decile safety metric performance (TRIR, LTIR and DART)
- Over $463 million in direct economic benefit to the community, with an even greater total economic impact
- Paid over $411 million to landowners
- Paid over $52 million in taxes, helping to fund public works in local economies
- More than $7 million to repair, replace and improve over 17 miles of Ohio roads
- Greater than $650,000 in philanthropic giving
- Named a Great Place to Work for a 9th consecutive year in 2024 (extended to a 10th consecutive year in April 2025)
Governance
- Governed by a 12-member Board which includes two independent directors
- Active Audit, ESR and Compensation Committees ensure full and proper governance of the company
- ESG performance metrics are included in employee and management compensation
- Conducted biennial sustainability priority assessment
About Ascent Resources:
Ascent is one of the largest private producers of natural gas in the United States and is focused on acquiring, developing, producing, and operating natural gas and oil properties located in the Utica Shale in southern Ohio. With a continued focus on good corporate citizenship, Ascent is committed to delivering low-cost clean-burning energy to our country and the world, while reducing environmental impacts. For more information, visit www.ascentresources.com.
Contact:
Chris Benton
Vice President – Finance and Investor Relations
405-252-7850
[email protected]
SOURCE ASCENT RESOURCES, LLC