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Aethon Energy Management LLC overtook Ascent Resources LLC as the Lower 48’s top privately held natural gas producer in 2023, according to new research by Enverus.
Aethon’s gross operated natural gas production stood at 2.52 Bcf/d as of end-2023, up from 2.01 Bcf/d at the end of 2022. Ascent’s production held steady at 2.43 Bcf/d from 2.45 Bcf/d a year earlier.
Dallas-based Aethon’s upstream operations primarily target the Haynesville Shale of North Louisiana and East Texas. Aethon recently completed the purchase of Haynesville assets of Tellurian Inc. It also signed a 20-year offtake agreement to purchase 2 million metric tons/year of LNG from Tellurian’s proposed Driftwood liquefaction project.
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