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2Q 2017 Earnings Update – Ultra Petroleum Corp.

Ultra Petroleum Corp. · Aug 9, 2017 · 9 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2Q 2017 Earnings Update – Ultra Petroleum Corp. – slide 1
    2Q 2017 Summary Ultra Petroleum Corp. is an independent energy company engaged in domestic natural gas and oil exploration, development and production. The company is listed on NASDAQ and trades under the ticker symbol Ultra UPL. Corp.…
  2. 2Q 2017 Earnings Update – Ultra Petroleum Corp. – slide 2
    Q2 2017 Quarterly Highlights Financial Summary Capital Expenditures: Capital expenditures of 135.7 million Drilled 49 gross (42 net) Pinedale wells Placed on production 47 gross (38 net) Pinedale wells Production: Total production…
  3. 2Q 2017 Earnings Update – Ultra Petroleum Corp. – slide 3
    Q2 2017 Drilling Summary Pinedale Drilling Highlights Spud to TD 2007-Present 40.00 74% Reduction in Days 30.00 Days 20.00 10.00 0.00 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Q1 Q2 2017 2017 Drill & Case Cost…
  4. 2Q 2017 Earnings Update – Ultra Petroleum Corp. – slide 4
    Q2 2017 Drilling Activity Spud to TD by Rig Q2-2017 Recent Spud to TD Results: New Rigs added 2017 20 B29: 11.9, 10.1, 8.9 18 P320: 12.6, 10.4, 9.6 Existing Rigs 16 P319: 10.9, 8.6, 7.1 14 Spud to TD days 11.9 11.5 12…
  5. 2Q 2017 Earnings Update – Ultra Petroleum Corp. – slide 5
    Q2 2017 Wyoming Completions Rig Release to First Production Q1 2014 Q2 2017 Rig Released to First Production 60 54 Deferred completions 48 on Nov. 16th 2015 2017 - Focus on RR FP: Fulltime utilization of crews 42 and deployment…
  6. 2Q 2017 Earnings Update – Ultra Petroleum Corp. – slide 6
    Q2 2017 Pinedale Drilling Operations Technology New Technology used for Q2 Bits Managed Pressure Drilling (MPD) Continuous Improvement Schlumberger Power Vs Orbit Design with improved strength Bias Unit Down-Hole Motor…
  7. 2Q 2017 Earnings Update – Ultra Petroleum Corp. – slide 7
    Q2 2017 Pinedale Drilling Operations 6 Bit Performance Increases 23% since 4Q16 Avg. 6 Production Hole Interval, feet Drilling 10% more hole 5,000 4,943 4,695 4,508 4,000 3,000 4Q16 1Q17 2Q17 Avg. Count of 6 Bits Used With…
  8. 2Q 2017 Earnings Update – Ultra Petroleum Corp. – slide 8
    Q2 2017 Drilling Activity Average Well Depth Q1 2015 - Q2 2017 Well Depth 14400 14300 14242' 14200 14100 14088' 14055' Feet 14000 14325' 14267' 14233' 13900 14220' 14002' 14158' 14055' 13800 13995' 13942' 13855'…
  9. 2Q 2017 Earnings Update – Ultra Petroleum Corp. – slide 9
    Q2 2017 Drilling Activity Average Well Count Q1 2015 - Q2 2017 Well Count 50 45 40 38 35 34 Number of Wells 30 25 19 43 20 37 32 32 34 32 15 22 23 10 19 13 5 0 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17…

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