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Ultra Petroleum Saving on Lower Well Service Costs
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Ultra Petroleum Corp. has announced third quarter 2015 results.
Highlights: Raised 2015 production guidance to 288 292 Bcfe, Produced a record 75.4 Bcfe of natural gas and oil during the third quarter of 2015, an increase of 7% from the second quarter of 2015 and 21% compared with the third quarter of 2014, Reduced Pinedale well costs to $2.85 million for the third quarter of 2015, a decrease of 25% compared to average 2014 well costs, Capital expenditures of $123.4 million during the third quarter For the third quarter of 2015, production of natural gas and oil increased 21 percent to 75.4 billion cubic feet equivalent (Bcfe). This is the largest quarterly production level ever achieved by Ultra Petroleum. The company's production for the third quarter was comprised of 70.2 billion…- ✓ Full news archive — U.S., Canada & international coverage
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