Hess Corp. and CNX Resources Corp., Pittsburgh, will sell their 50-50 Ohio Utica joint venture assets to Ascent Resources-Utica LLC for net cash consideration of $400 million to each party. The assets, in the wet gas areas of Belmont, Guernsey, Harrison, and Noble counties, consist of 39,000 net acres including 26,000 net undeveloped acres. 

Source: News