Kimmeridge Bids $6 Billion to Buy U.S. Gas Producer Ascent Resources

Kimmeridge Bids $6 Billion to Buy U.S. Gas Producer Ascent Resources

U.S. energy investor Kimmeridge has offered to buy natural gas producer Ascent Resources for $6 billion amid a heated battle over plans of the gas driller’s private equity backer to transfer its stake from one of its funds to another, Kimmeridge’s managing partner Ben Dell told the Financial Times.  The Energy & Minerals Group, a private equity firm focused on natural resources, plans to transfer its more than 30% stake in Ascent Resources into …

US investor group Kimmeridge offers $6 billion for gas driller Ascent Resources, FT reports

(BOE Report)– Activist investment firm Kimmeridge Energy Management has submitted a $6 billion offer to buy Ascent Resources, the Financial Times reported on Tuesday. The bid is the latest challenge to Ascent’s private equity backer Energy & Minerals Group’s (EMG) efforts to sell a more than 30% stake in the company from one of its funds to another, valuing Ascent at $5.5 billion, FT said. “Our view is that this is a significant premium versus th

Kimmeridge Joins Ascent Resources Bidding War with $6B Offer - Marcellus Drilling News

The bidding war is heating up for those interested in buying Ascent Resources, a privately held company focused 100% on the Ohio Utica Shale. Ascent is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. Kimmeridge Energy, a private investment firm focused on the energy sector (sometimes called an...

US Investor Group Kimmeridge Offers $6 Billion for Gas Driller Ascent Resources, FT Reports - Energy News, Top Headlines, Commentaries, Features & Events

Activist investment firm Kimmeridge Energy Management has submitted a $6 billion offer to buy Ascent Resources, the Financial Times reported on Tuesday. The bid is the latest challenge to Ascent’s private equity backer Energy & Minerals Group’s (EMG) efforts to sell a more than 30% stake in the company from one of its funds to ...