Production Rates | Capital Markets
Ultra Tags Q1 Production of 803 MMcfe/d; Borrowing Base Reaffirmed at $1.4B
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Ultra Petroleum has reported an update ahead of its Q1 2018 results.
Details:
- First quarter average production of 803 MMcfe/d exceeded the mid-point of guidance for the quarter - Production volumes include 68.2 billion cubic feet of natural gas and 677.8 thousand barrels of oil and condensate and represents a 13% increase over the production volumes of first quarter 2017.
- Borrowing base unanimously reaffirmed at $1.4 billion by the Company's bank group
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