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

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

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

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

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