Ultra Petroleum (UPL) Tops Q3 EPS by 4c, Sales Miss

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Ultra Petroleum Announces Third Quarter 2015 Financial And Operating Results

October 29, 2015 7:46 AM EDT

HOUSTON, Oct. 29, 2015 /PRNewswire/ -- Ultra Petroleum Corp. (NYSE: UPL) continued to deliver strong financial and operating performance for the third quarter of 2015. Highlights include:

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,... More