An expanded drilling program is the goal of Oklahoma City-based Ascent Resources.
The company released its fourth quarter and full year 2025 earnings report an indicated it will increase 2026 land spending by nearly 40% up to nearly $225 million. The company wants to beef up its long-term inventory and also take advantage of the growing development of data centers which use natural gas to generate needed power.
“In addition to increasing production, Ascent is exploring supply deals with data centers to capitalize on growing power demand in the Appalachian region,” stated the company in its earnings report…