Ascent Resources, LLC Announces Hiring Of Jennifer M. Grigsby As Chief Financial Officer

Aug 03, 2015, 08:00 ET from Ascent Resources, LLC

OKLAHOMA CITY, Aug. 3, 2015 /PRNewswire/ -- Ascent Resources, LLC (Ascent) today announced that it has hired Jennifer M. Grigsby to serve as Chief Financial Officer effective August 1, 2015. Mrs. Grigsby, 46, is joining Ascent from American Energy Partners, LP where she served as CEO and CFO of American Energy Minerals Holdings, LLC and as CFO of American Energy – Woodford, LLC since February 2015. She previously worked for Chesapeake Energy Corporation for 19 years in increasing roles of importance, including serving as Vice President, Assistant Treasurer and Corporate Secretary from 2006 to 2007; Senior Vice President, Treasurer and Corporate Secretary from 2007 to 2013; and Senior Vice President, Corporate and Strategic Planning from 2013 to 2014.

Prior to Chesapeake, Mrs. Grigsby worked for Commander Aircraft Company and Deloitte & Touche, LLP in various accounting and supervisory roles in Oklahoma City. She earned her Master of Business Administration with an emphasis in Finance from Oklahoma City University in 1999 and a Bachelor of Science in Accounting from Oklahoma State University in 1991. Mrs. Grigsby is a certified public accountant and chartered global management accountant.

Jeffrey A. Fisher, Ascent's CEO said, "I am thrilled that Jennifer is joining our talented team at Ascent as CFO. Jennifer brings a wealth of experience and accomplishment in all aspects of the CFO role and is known for her ability to build and lead highly-functioning teams as well as for her strong relationships within the investment community. Her broader experience in corporate and organizational matters will also be instrumental as we work together to transition Ascent into a standalone company. I, along with our COO, John Reinhart, look forward to working with Jennifer as we continue to develop our tremendous asset base and create value for our stakeholders."

Mrs. Grigsby commented, "I am very excited to join the Ascent team and to work with Jeff and John, both of whom I greatly trust and respect, as well as the company's sponsors and dedicated employees to continue to build a premier Appalachian Basin E&P company. The company's recent financing transactions and asset sale solidified the liquidity position of the company and I look forward to supporting the company's initiatives to continue to improve its liquidity and financial position."

About Ascent Resources, LLC:
Ascent Resources, LLC (formerly American Energy Appalachia Holdings, LLC) was created in December 2014 through the combination of Ascent Resources Utica Holdings, LLC and Ascent Resources Marcellus Holdings, LLC, which respectively own Ascent Resources – Utica, LLC and Ascent Resources – Marcellus, LLC. Since its inception, Ascent has established a leading position in the Appalachian Basin, with approximately 280,000 net acres purchased or under contract.

SOURCE Ascent Resources, LLC