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Ultra Petroleum Corp (UPL.OQ)

UPL.OQ on NASDAQ Stock Exchange Global Select Market

2.63USD
20 Apr 2018
Change (% chg)

$-0.35 (-11.74%)
Prev Close
$2.98
Open
$2.98
Day's High
$2.98
Day's Low
$2.57
Volume
1,770,604
Avg. Vol
1,096,672
52-wk High
$12.39
52-wk Low
$2.57

Latest Key Developments (Source: Significant Developments)

Ultra Petroleum Q1 Average Production Of 803 MMcfe/d
Thursday, 19 Apr 2018 

April 19 (Reuters) - Ultra Petroleum Corp ::ULTRA PETROLEUM ANNOUNCES FIRST QUARTER PRODUCTION ABOVE MID-POINT OF GUIDANCE, BORROWING BASE REAFFIRMED AT $1.4 BILLION AND CREDIT AGREEMENT AMENDMENT STEPPING UP LEVERAGE RATIO COVENANT TO 4.5X.ULTRA PETROLEUM CORP - Q1 AVERAGE PRODUCTION OF 803 MMCFE/D.ULTRA PETROLEUM CORP - Q1 AVERAGE PRODUCTION OF 803 MMCFE/D EXCEEDED MID-POINT OF GUIDANCE FOR QUARTER.ULTRA PETROLEUM CORP - ULTRA'S BORROWING BASE OF $1.4 BILLION WAS REAFFIRMED BY BANK GROUP FOR ITS REVOLVING CREDIT AGREEMENT.ULTRA PETROLEUM CORP - Q1 PRODUCTION VOLUMES INCLUDE 68.2 BILLION CUBIC FEET OF NATURAL GAS AND 677.8 THOUSAND BARRELS OF OIL AND CONDENSATE.ULTRA PETROLEUM CORP - Q1 PRODUCTION VOLUMES REPRESENTS A 13% INCREASE OVER PRODUCTION VOLUMES OF Q1 2017.ULTRA PETROLEUM - BANK GROUP APPROVED AMENDMENT TO CREDIT AGREEMENT PROVIDING FOR STEP UP IN MAXIMUM NET LEVERAGE COVENANT TO 4.50 TIMES FROM JUNE 30.  Full Article

Ultra Petroleum Announces Divestiture Of Non-Core Marcellus Asset
Friday, 22 Dec 2017 

Dec 21 (Reuters) - Ultra Petroleum Corp ::ULTRA PETROLEUM ANNOUNCES THE DIVESTITURE OF ITS NON-CORE MARCELLUS ASSET.ULTRA PETROLEUM CORP - DEAL FOR $115 MILLION.ULTRA PETROLEUM CORP - TRANSACTION WILL HAVE NO IMPACT ON COMPANY'S CURRENT BORROWING BASE WHICH REMAINS AT $1.4 BILLION.ULTRA PETROLEUM - DIVESTED ASSETS INCLUDE CURRENT NET PRODUCTION OF 30 MILLION CUBIC FEET PER DAY.ULTRA PETROLEUM CORP - ‍REACHED DEAL, CLOSED SALE TO DIVEST CO'S NON-OPERATED ASSET IN MARCELLUS SHALE TO ALTA MARCELLUS DEVELOPMENT LLC​.  Full Article

Ultra Petroleum says conditions that raised going concern no longer exist
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Ultra Petroleum Corp :Ultra Petroleum says conditions that raised substantial doubt about company's ability to continue as a going concern no longer exist - SEC filing​.  Full Article

Ultra Petroleum engages advisor to assist in exploring non-core assets divestiture
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Ultra Petroleum Corp ::Ultra Petroleum provides update on horizontal well, asset sales and hedging program.Ultra Petroleum says engaged CIBC Griffis & Small as advisor to assist in exploring divestment of non-core assets​.Ultra Petroleum says targeting to hedge at least 50% of production for 2018​.Ultra Petroleum Corp says ‍two additional horizontal wells expected to be online by end of January​.  Full Article

Ultra Petroleum says Barclays agreed to provide secured, unsecured financing of up to $2.4 billion
Thursday, 9 Feb 2017 

Ultra Petroleum Corp :Ultra Petroleum- on Feb 8, in connection with consummation of proposed plan, Barclays agreed to provide secured, unsecured financing of up to $2.4 billion.  Full Article

CorEnergy filed proofs of claim with bankruptcy court handling ultra petroleum bankruptcies
Wednesday, 31 Aug 2016 

CorEnergy Infrastructure Trust Inc :Filed proofs of claim with bankruptcy court handling ultra petroleum bankruptcies - SEC filing.  Full Article

Ultra Petroleum Q2 adj earnings per share $0.25
Thursday, 11 Aug 2016 

Ultra Petroleum Corp : Ultra Petroleum reports second quarter 2016 financial and operating results and provides business outlook . Q2 adjusted earnings per share $0.25 . Q2 2016 production of natural gas and oil was 70.8 bcfe versus 70.5 bcfe in Q2 2015 . During Q2, board approved an increase to capital budget from $260.0 million to $295.0 million . To use additional capex to drill additional development wells in Wyoming & complete some of company's drilled but uncompleted wells in Utah . Production for 2016 is expected to range between 277 - 284 bcfe . Day exclusivity period, during which company has exclusive right to propose a reorganization plan to court, expires on August 29, 2016 . Says has applied for an extension to exclusivity period and is confident one will be granted . Says development plan provided to creditors assumes revenue outlook of $1.01 billion for 2017, $1.41 billion for 2018, and $1.82 billion for 2019 .Says development plan provided to creditors assumes production forecast of 303 bcfe for 2017, 382 bcfe for 2018, and 456 bcfe for 2019.  Full Article

Warlander Asset Management LP reports 11.08 pct passive stake in Ultra Petroleum - SEC filing
Friday, 13 May 2016 

Ultra Petroleum Corp :Warlander Asset Management, LP reports 11.08 percent passive stake in Ultra Petroleum Corp as of May 12, 2016 - SEC filing.  Full Article

BRIEF-Ultra Petroleum Q1 Average Production Of 803 MMcfe/d

* ULTRA PETROLEUM ANNOUNCES FIRST QUARTER PRODUCTION ABOVE MID-POINT OF GUIDANCE, BORROWING BASE REAFFIRMED AT $1.4 BILLION AND CREDIT AGREEMENT AMENDMENT STEPPING UP LEVERAGE RATIO COVENANT TO 4.5X