Ultra Petroleum Corp. announced a test rate of 21 million cubic feet equivalent per day (MMcfe/d) for its two-mile horizontal well targeting the Lower Lance A interval. On November 15, 2017 this well achieved a 24-hour test rate of 42 MMcfe/d. Flow-back parameters include a gas rate of 38 MMcf/d, a condensate rate of 700 barrels per day and a flowing casing pressure of 3,000 psi. This morning's spot rate is 46 MMcfe/d. The well has steadily increased over the past week and remains on a controlled choke. With only 17% of the frac fluid recovered to date, and flowing pressures well above normal operating pressure, The company expects to manage the flow-back for several more weeks. In addition to this well's high productivity, they are also encouraged that it is generating a condensate yield of 18 barrels per MMcf, which is more than double the historic field average. The Company is in the process of drilling two additional horizontal wells. One will test a deeper Mesaverde interval and one will be a half mile offset to the WB 9-23-A1H in the same Lower Lance A target interval. Both wells are expected to be online by the end of January.