Investor Presentation May 12, 2021 CO NF I DE NTI AL
Premier Assets, Differentiated Results Premier Position in Core of Utica Shale ESG focus at all levels and unwavering Net Leasehold Acres: 262,000 Ascent Operated Minerals: 72,000 commitment to safety as a top priority Third-Party…
Well-Defined Strategy and Execution Reaffirmed our commitment with the creation of a Board-level Environment, Sustainability and Corporate Responsibility (ESR) committee tasked with managing and progressing all aspects of our ESG…
Setting the Course for a Sustainable Future Focused on reducing our environmental impact and minimizing GHG and methane emissions No routine flaring of produced natural gas on company operated properties Environmental GHG emissions…
Industry Leading Cost Structure Builds Resiliency D&C costs averaged 564 per lateral foot D&C Costs (avg. well cost / lateral foot) during Q1 2021, which is within our guidance range of between 550 and 575 per lateral foot for the…
Operational Execution Leads to Efficiency Improvements Spud to Rig Release (days) Lateral Feet Drilled (per day) 20 20 6,146 18 11 3,481 2,787 2,171 2018 2019 2020 Ascent Record 2018 2019 2020 Ascent Record Completed…
Culture of Innovation and Technological Advancement Drives Superior Results Creating Value Through Technology and Innovation Comprehensive suite of core, petrophysical and 3D seismic data (covers 70% of acreage position) Value Fiber…
Leading Capital Efficiency and Competitive Well Productivity Driving Returns First Year Production (bcfe per well) % Payout at 12 months Avg. LL 12,333 11,879 9,045 7,272 10,866 2.50 Price Deck 2.75 Price Deck 3.00 Price Deck 111%…
Continued Focus on Balance Sheet Strength Weighted average maturity profile of 5 years No debt maturities until Q2 2024 Retired Convertible Notes in March and redeemed 2022 Notes in April Strong liquidity position of 800 million…
Appendix
First Quarter 2021 Results & 2021 Annual Guidance First Quarter 2021 Results Full-Year 2021 Guidance Production (bcfe/d) 1.8 Total Production (bcfe/d) 2.0 % Natural Gas 89% % Natural Gas 90% 92% Operating Expenses (/mcfe) Operating…
Diversified Marketing and Transportation Portfolio Fully-Pathed Gas Transportation Commitments Firm transportation takeaway capacity of 2.1 bcf/d provides access to multiple physical and financial markets with premium pricing,…
Ascent Resources, LLC Board of Managers Board Position Board Member Executive Manager Jeffrey A. Fisher, Chairman EMG Managers (5) John T. Raymond, Vice Chairman Jeffrey A. Ball Laura L. Tyson Vinod V. Pillai Jeffrey C.…
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