CNX, Hess complete sale of Ohio Utica joint venture
Thursday, September 6, 2018
CNX Resources Corp., along with Ohio partner Hess Corp., recently closed on the sale of its joint venture interests in Ohio’s Utica shale, according to the Pittsburgh Business Times.
The Utica assets were purchased for $400 million by Ascent Resources. The sale was previously announced in June.
According to a release, the divestiture includes 50 net producing wells with an average net revenue interest of 48 percent, five 50 percent working interest wells, two 50 percent interest wells and about 26,000 undeveloped acres.
Learn more: Pittsburgh Business Times > CNX sells Ohio Utica joint venture assets for $400M
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