Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Capital Markets | Capital Expenditure
Ultra Petroleum Weathers Low Gas Prices, Plans 2014 Capital Budget
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Ultra Petroleum Corp. has announced financial and operating performance for both the fourth quarter and full-year 2013.
Highlights include: Closed $649.8 million Uinta Basin oil acquisition Completed debut public debt offering of $450.0 million priced at 5.75% Produced 232.1 Bcfe of natural gas and crude oil Fourth Quarter ResultsDuring the fourth quarter of 2013, Ultra Petroleum produced 56.8 billion cubic feet equivalent (Bcfe) of natural gas and crude oil. The company's fourth quarter production was comprised of 54.8 billion cubic feet (Bcf) of natural gas and 331.3 thousand barrels (Mbbls) of crude oil and condensate.
The company's average realized natural gas price during the quarter was $3.58 per thousand cubic feet (Mcf), including realized gains and losses on commodity hedges…
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