Join Accent Take Over CNX & Hess Assets Ohio- $400 . independent producers CNX Corp.& Hess Corp. announced this morning closed its previously announced deal substantially all its Ohio joint assets roughly $400 in . Ascent   buyer benefits  this joint $400 .

Ascent Resources—Utica, founded Chesapeake Energy -founder Aubrey McClendon leading private exploration production focused acquiring, exploring for, developing, producing operating gas and oil properties in Utica Shale. capitalized with equity investments various private equity sponsors, led funds managed The Energy & Minerals Group and First Reserve.

The sale previously announced in late but finally closed on 31, , the . This deal divestiture includes 50 producing wells with average net revenue interest (NRI) of 48%; five 50% working interest; 50% working interest and approximately 26,000 undeveloped acres.

CNX, the , expects the proceeds the sale be used down , the ongoing repurchase , invest in drilling and completion activities bolt-on acreage acquisitions as opportunities .

“The transaction is immediately accretive and brings forward the of assets were outranked other in CNX’s ,” Nicholas J. Deluliis, CNX president and CEO.