Operational Updates
Ultra Petroleum Continues to Evaluate The Marcellus
Print
|
Ultra Petroleum Corp. (NYSE: UPL) continued to deliver strong financial and operating performance for the second quarter of 2012. Highlights for the quarter include
The company produced 65.1 billion cubic feet equivalent (Bcfe) of natural gas and crude oil during the second quarter. Ultra's second quarter production was comprised of 63.1 billion cubic feet (Bcf) of natural gas and 332.5 thousand barrels (Mbls) of condensate.
Commensurate with the decline in natural gas prices, the company recognized impairment charges of $54.4 million net of taxes, related to its Pennsylvania gathering facilities.
Wyoming - Operational Highlights
During the second quarter, Ultra Petroleum and its partners drilled 37 gross (12 net) Wyoming Lance wells and placed on production 24 gross (7 net) wells.
The com…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations