Exploration & Production | Operational Updates | Drilling / Well Results | Quarterly / Earnings Reports
Ultra Petroleum Reports Niobrara and Marcellus Update
Print
|
Ultra Petroleum Corp. reported fourth quarter and full-year 2012 operating and financial results. Highlights include:
Monetized liquids gathering system in Pinedale for $228.0 millionspan class="xn-location">
span class="xn-location">Wyoming - Operational Highlights
Ultra Petroleum and its partners drilled 31 gross (14 net) Wyoming Lance wells during the fourth quarter and placed on production 27 gross (15 net) wells. Ultra's average fourth quarter net production was 459 million cubic feet equivalent (MMcfe) per day. After suspending its completions program at the end of April, the company resumed completion operations mid-way through the fourth quarter and currently operates one frac crew and two drilling rigs in Pinedale. Initial production (IP) rates from the 18 new operated wells…
- ✓ 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
Rockies News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…