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Ultra Petroleum Corp (UPL.OQ)

UPL.OQ on NASDAQ Stock Exchange Global Select Market

1.77USD
13 Jul 2018
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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

BRIEF-Ultra Petroleum Announces Q1 Adjusted Earnings Per Share $0.28

* ULTRA PETROLEUM ANNOUNCES FIRST QUARTER 2018 RESULTS, PROVIDES UPDATE ON HORIZONTAL PROGRAM & DEVELOPMENT PLAN