Marketed: Ascent Resources Core Utica Shale Packages in Ohio

The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Ascent Resources LLC retained EnergyNet for the sale of multiple packages in the core of the Utica Shale with one of the play’s top operators in Ohio through a sealed-bid offering closing Dec. 17.

The first package comprises nonoperated working interest in 68 wells plus PUDs and leasehold acreage in Jefferson, Harrison, Carroll and Guernsey counties, Ohio. The remaining package includes royalty and overriding royalty interest (ORRI) in Harrison and Jefferson counties, Ohio.

For complete due diligence information on either package visit energynet.com or email Emily McGinley, director of business development, at Emily.McGinley@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.

Lot 72240

68 Well Package and nine PUDs (Nonoperated Working Interest) plus 1,362 Net Leasehold Acres with one of the top Utica Operators in Ohio

Highlights:

• Nonoperated Working Interest in 68 Producing Wells:
  • 35.8% to 0.023% Working Interest / 28.6% to 0.018% Net Revenue Interest
  • Operator: Encino Operating LLC (EAP Ohio)
• Next 12-month Cash Flow: $2.16 million
  • 12-Month Average Net Operating Cash Flow: ~$80,200/Month
• Six-Month Average 8/8ths Production: 42.326 MMcf/d of Gas and 1,406 bbl/d of Oil
• 1,362 Net Leasehold Acres within Established Units
  • 100% HBP by Utica Development
  • About 1,164 Net Developed Acres
  • About 198 Net Undeveloped Acres
• Nine Proposed PUD Locations

Access to the comprehensive Virtual Data Room. Sealed-bids are due by 4 p.m. CST Dec. 17.

Lot 72242

24 Well Package plus 22 PUDs (Royalty Interest and ORRI) with one of the top Utica Operators in Ohio

Highlights:

• Royalty Interest in 10 Producing Wells on 8/8th basis: 3.68% to 0.19% Royalty Interest
  • Operator: Encino Operating LLC (EAP –OHIO)
  • Overriding Royalty Interest in 14 Producing Wells on 8/8th basis: 0.35% to 0.0016% ORRI
• Operator: Encino Operating LLC (EAP OHIO)
  • Next 12-month Cash Flow: $717,000
• 12-Month Average Net Cash Flow: $78,874/Month
• Current Average 8/8th Production: 111.816 MMcf/d of Gas and 4,451 bbl/d of Oil
• 106 Net Revenue Interest Acres Within Established Units:
  • 100% HBP by Utica Development
  • 55 Net Revenue Interest Acres Developed
  • 51 Net Revenue Interest Acres Undeveloped
• 22 Proposed PUD Locations

Access to the comprehensive Virtual Data Room. Sealed-bids are due by 4 p.m. CST Dec. 17.