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Ascent Resources Publishes 2024 Sustainability Report

Ascent Resources, LLC, a prominent player in the natural gas sector, recently revealed its 2024 Sustainability Report, documenting its efforts towards environmental responsibility, health and safety, social contributions, and governance.

Commitment to Sustainable Energy

In a statement, CEO Jeff Fisher expressed pride in Ascent's ongoing efforts to provide reliable, cleaner energy. He emphasized that the report showcases the hard work of employees dedicated to improving sustainability practices. The company is focused on ensuring that American energy remains affordable and secure while minimizing environmental impacts.

Environmental Highlights

The report highlights impressive achievements in environmental performance:

• - Ultra-Low Methane Emissions: Ascent achieved a remarkable Scope 1 methane emissions intensity of just 0.02%, representing a 75% reduction from the 2020 baseline.
• - Pneumatic Devices: As of year-end 2024, 92% of the pneumatic devices utilized by the company are non-emitting.
• - Advanced Leak Detection: The company has implemented superior leak detection measures, achieving a leak detection rate 96% lower than regulatory standards.
• - Water Reuse Initiatives: Ascent reclaimed 73% of flowback water in its operations, debuting its REPLENISH project which aims to recover over 425 million gallons of freshwater annually.
• - Grade A Certification: Ascent earned Grade A recertification from MiQ for all its gas production, marking its expected fourth consecutive certification in July 2025.

Social Contributions

Ascent's impact extends beyond just environmental factors. The report indicates substantial social contributions:

• - Economic Benefit: The company reported a direct economic benefit exceeding $463 million to local communities, showcasing its commitment to positive local impact.
• - Landowner Payments: Ascent has compensated landowners over $411 million during the reporting period.
• - Tax Contributions: The report highlights that Ascent paid over $52 million in taxes to enhance public services.
• - Infrastructure Improvement: More than $7 million has been allocated to enhance over 17 miles of roads in Ohio.
• - Philanthropy: The company’s philanthropic efforts have surpassed $650,000, reinforcing its commitment to community development.
• - Workplace Recognition: For the ninth consecutive year, Ascent was recognized as a Great Place to Work, extending this remarkable achievement into a tenth year in April 2025.

Governance Practices

Demonstrating robust governance, Ascent maintains a detailed structure to ensure accountability:

• - A 12-member Board oversees operations, incorporating two independent directors.
• - The company employs active Audit, ESR, and Compensation Committees to uphold governance standards.
• - ESG performance metrics have been integrated into compensation for employees and management, emphasizing accountability.
• - A biennial sustainability priority assessment is conducted to ensure continuous improvement.

About Ascent Resources

Ascent Resources stands among the largest private natural gas producers in the U.S., with an operational focus on the Utica Shale in southern Ohio. The company's commitment extends to responsible corporate citizenship through delivering low-cost, clean-burning energy while mitigating environmental effects.

For more details, visit Ascent Resources.