Ultra Petroleum Corp. today announced that, with respect to the previously announced private offer to exchange outstanding 7.125% Senior Notes due 2025 of its wholly owned subsidiary, Ultra Resources, Inc. , for up to $90.0 million aggregate principal amount of new 9.00% Cash / 2.50% PIK Senior Secured Third Lien Notes due 2024 of Ultra Resources , it has extended the Early Participation Date and the Withdrawal Deadline [...]
Ultra Petroleum Corp. today announced that, with respect to the previously announced private offer to exchange outstanding 7.125% Senior Notes due 2025 of its wholly owned subsidiary, Ultra Resources, Inc. , for up to $90.0 million aggregate principal amount of new 9.00% Cash / 2.50% PIK Senior Secured Third Lien Notes due 2024 of Ultra Resources , it has extended the Early Participation Date and the Withdrawal Deadline [...]
Ultra Petroleum Corp. today announced that, with respect to the previously announced private offer to exchange outstanding 7.125% Senior Notes due 2025 of its wholly owned subsidiary, Ultra Resources, Inc. , for up to $90.0 million aggregate principal amount of new 9.00% Cash / 2.50% PIK Senior Secured Third Lien Notes due 2024 of Ultra Resources , it has extended the Early Participation Date and the Withdrawal Deadline [...]
Ultra Petroleum Corp. announced that it has released a rig and reduced its operated rig count in Pinedale from three to two. Production guidance for full-year 2019 remains unchanged at 240 to 250 Bcfe while capital investment guidance for full-year 2019 is reduced by $15 million to a new range of $305 to $335 million. In May, the Company drilled 3 wells with spud to total depth times of less than 6 days, compared to its [...]
Ultra Petroleum Corp. today announced that, with respect to the previously announced private offer to exchange outstanding 7.125% Senior Notes due 2025 of its wholly owned subsidiary, Ultra Resources, Inc. , for up to $90.0 million aggregate principal amount of new 9.00% Cash / 2.50% PIK Senior Secured Third Lien Notes due 2024 of Ultra Resources , it has further extended the Early Participation Date and the Withdrawal [...]
Ultra Petroleum Corp. today announced that, with respect to the previously announced private offer to exchange outstanding 7.125% Senior Notes due 2025 of its wholly owned subsidiary, Ultra Resources, Inc. , for up to $90.0 million aggregate principal amount of new 9.00% Cash / 2.50% PIK Senior Secured Third Lien Notes due 2024 of Ultra Resources , it has extended the Early Participation Date and the Withdrawal Deadline [...]
Ultra Petroleum Corp. today announced that its wholly owned subsidiary, Ultra Resources, Inc. , has commenced a private offer to exchange its outstanding 7.125% Senior Notes due 2025 for up to $90.0 million aggregate principal amount of its new 9.00% Cash / 2.50% PIK Senior Secured Third Lien Notes due 2024 , upon the terms and subject to the conditions set forth in the confidential offering memorandum dated May 9, 2019 [...]
Ultra Petroleum Corp. announces financial and operating results for the quarter ended March 31, 2019. Financial and Operating Highlights: First quarter production averaged 691 million cubic feet equivalent per day , above the mid-point of guidance, Net income for the quarter was $40.7 million and adjusted EBITDA was $114.7 million, both of which were favorably impacted by improved Rockies realized natural gas prices [...]
Ultra Petroleum Corp. announces the timing for its first quarter 2019 earnings call. The Company will host a conference call Thursday, May 9, 2019, at 10:00 a.m. Mountain Daylight Time to discuss the Company’s first quarter 2019 results. There will be prepared remarks from the Company’s management, followed by a question and answer session. Investors and analysts are invited to participate in the call by [...]
Ultra Petroleum Corp. announces financial and operating results for the quarter and year ended December 31, 2018 and announces full year and first quarter 2019 guidance with its $320 - $350 million full year 2019 capital investment program. Financial and Operating Highlights: Fourth quarter and full-year 2018 production was within guidance at 64.3 billion cubic feet equivalent and 275.1 Bcfe, respectively, During 2018 [...]
Today Ultra Petroleum Corp. announced its 2018 year-end reserves and production, semi-annual borrowing base redetermination and favorable amendment to its leverage covenants and schedules its 2018 fourth quarter and year-end earnings call. Key Highlights: Fourth quarter and full-year 2018 production was within guidance at 64.3 billion cubic feet equivalent and 275.1 Bcfe, respectively. Ultra Petroleum’s year-end [...]
Today Ultra Petroleum Corp. announced it has entered into agreements to effect, subject to customary settlement procedures, an incremental notes exchange transaction that provides for the exchange of approximately $24.1 million aggregate principal amount of its 6.875% Senior Notes due 2022 for approximately $14.5 million of new 9.00% Cash / 2.00% PIK Senior Secured Second Lien Notes due July 2024 . This Incremental [...]
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