Ultra Petroleum Corp. Confirms Production Guidance for the First Quarter and Full Year of 2020; Reports Production Results for the Fourth Quarter and Year Ended December 31, 2019
In the first quarter, the average daily production rate was 554 MMcfe/d.
The company reported production results for the fourth quarter and year ended December 31, 2019. For the quarter, the company's natural gas was 53,098 Mcf against 61,489 Mcf a year ago. Oil and condensate 378 Bbls against 473 Bbls a year ago.
For the year, the company's natural gas was 230,121 Mcf against 260,406 Mcf a year ago. Oil and condensate was 1,683 Bbls against 2,442 Bbls a year ago.