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Ultra Drills Two-Mile Pinedale Lateral; Selling Marcellus, Uinta

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   |    Wednesday,November 15,2017

Ultra reported its Q3 2017 results. Highlights include:

  • Production grew 6% compared to second quarter 2017, with oil and natural gas volumes of 71.1 Bcfe
  • Trimming Portfolio: In the final stages of selecting investment banks to begin the marketing process for non-core Uinta and Marcellus assets

2-Mile Pinedale Lateral (10,300')

Drilled on the East flank of the play, the well is currently flowing at 21 MMcfe/d (10% condensate) and increasing

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