OKLAHOMA
CITY, July 1, 2024 /PRNewswire/ -- Ascent
Resources, LLC (together with its subsidiaries, "Ascent" or the
"Company") announced today that it has published its 2023
Sustainability Report (formerly Environmental, Social and
Governance Report) chronicling the Company's environmental, health
and safety; social; and governance efforts and accomplishments in
2023.
Jeff Fisher, Ascent's Chairman
and Chief Executive Officer, commented "We are pleased to share
with our stakeholders our sixth annual sustainability report. As a
staunch ally of human progress now in our second decade of
existence, we remain committed to responsibly delivering
affordable, reliable, cleaner-burning energy while working
diligently to maintain our social license to operate. As always,
2023's strong performance is a testament to our team of dedicated
employees."
2023 Sustainability Report Highlights
Environmental
- 3rd consecutive year of low Scope 1 GHG
emissions intensity (below 3.00 on mt CO2e / mboe
basis); approximately 20% below our 2020 baseline year
- Ultra-low Scope 1 methane emissions intensity of 0.02%
- 2023 Scope 1 methane intensity (0.02%) represents nearly 50%
reduction from 2022 total combined assets (e.g., mid-2022
acquisition)
- Reused 77% of all produced flowback water in our
operations
- Achieved Grade A recertification from MiQ on 100% of our gas
production
-
- We expect to finalize our third-consecutive MiQ Grade A
recertification on 100% of our 2024-2025 gas production as Grade A
in mid-2024
Social
- Directly responsible for greater than $580 million in local economic impact (excludes
indirect economic benefit from >$1
billion from capital and other corporate expenditures)
- Paid over $510 million to
landowners
- Paid over $60 million in taxes,
helping to fund public works in local economies
- Spent ~$10 million to repair,
replace and improve nearly 28 miles of Ohio roads
- Greater than $760,000 in
philanthropic giving
- Named a Great Place to Work for a 8th consecutive
year in 2023 (extended to a 9th consecutive year in
April 2024)
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
- Sustainability-related performance metrics are included in
employee and management compensation
The entire 2023 Sustainability Report can be found at
https://www.ascentresources.com/responsibility.
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
chris.benton@ascentresources.com
Steven Feisal
Director – Sustainability & Federal Regulatory
405-252-7780
steven.feisal@ascentresources.com
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SOURCE ASCENT RESOURCES, LLC