Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | Production | Fourth Quarter (4Q) Update | Key Wells | IP Rates-30-Day | IP Rates-24 Hour | Initial Production Rates
Ultra Details Uinta, Pinedale Well Results; 4Q Results
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Ultra Petroleum Corp. reported fourth quarter and full-year 2014 operating and financial results.
Highlights include: Produced 249.0 Bcfe of natural gas and oil, a 7 percent year-over-year increase Generated operating cash flow of $690.7 million during 2014, a 36 percent increase over 2013 Earnings of $402.8 million for the year-ended December 31, 2014, or $2.60 per diluted share - adjusted Positive margins in 2014 (adjusted): 58 percent cash flow margin and 34 percent net income margin Closed strategic acquisition in Pinedale field Fourth Quarter ResultsDuring the fourth quarter of 2014, Ultra Petroleum produced 70.6 billion cubic feet equivalent (Bcfe) of natural gas and oil. The company's fourth quarter production was comprised of 64.2 billion cubic feet (Bcf) of natural gas and…
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