Ultra Petroleum (UPL) Tops Q3 EPS by 3c
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Ultra Petroleum Announces Third Quarter 2018 Results, Provides Operations Update and Names David Honeyfield as Chief Financial Officer and Andrew Kidd as General Counsel
November 8, 2018 8:45 AM ESTENGLEWOOD, Colo., Nov. 08, 2018 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ: UPL) (Ultra Petroleum or the Company) announces financial and operating results for the quarter ended September 30, 2018.
Financial and Operating Highlights:
Third quarter 2018 production averaged 734 MMcfe/d, above mid-point of guidance,  Brought 19 vertical wells online with average 24-hour IP rate of 7.4 MMcfe/d, Reduced vertical well costs to $3.3 million, a 10% reduction from second quarter 2018, with continued reductions expected,  Closed the previously announced sale of its Utah assets for $75 million with proceeds used to fully pay... More