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11.15.17Ultra Petroleum Provides Update on Horizontal Well, Asset Sales and Hedging Program
HOUSTON, Nov. 15, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces the following updates: Pinedale Horizontal Program Update Last week, the Company 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.  Yesterday, 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 casi... 
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11.07.17Ultra Petroleum Announces Third Quarter 2017 Results, Successful Horizontal Well and Updated Investor Presentation
HOUSTON, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces financial and operating results for the third quarter of 2017.  Third Quarter 2017 Financial and Operating Highlights: Production grew 6% compared to second quarter 2017, with oil and natural gas volumes of 71.1 Bcfe,   Successfully drilled and completed a 2-mile horizontal well on the east flank of Pinedale.  Currently flowing at 21 MMcfe/d (10% condensate) and increasing, Posted detaile... 
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11.07.17REMINDER: Ultra Petroleum Corp. to Webcast Third Quarter 2017 Results
Houston, TX, Nov. 07, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ: UPL) announces the following Webcast to discuss its third quarter 2017 financial and operating results:   What:      Ultra Petroleum Corp. Third Quarter 2017 Results Webcast When:     November 7, 2017 at 11:00 a.m. Eastern Standard Time Where:    http://www.ultrapetroleum.com How:       Live over the internet via the website address above Contact:  Sandi Kraemer, skraemer@ultrapetroleum.com, 281-582-6613 ... 
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10.04.17Ultra Petroleum Corp. to Webcast Third Quarter 2017 Results
HOUSTON, Oct. 04, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces the following Webcast to discuss its third quarter 2017 financial and operating results:  What: Ultra Petroleum Corp. Third Quarter 2017 Results Webcast     When:  November 7, 2017 at 11:00 a.m. Eastern Standard Time     Where: http://www.ultrapetroleum.com     How: Live over the int... 
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09.29.17Ultra Petroleum Announces Closing of $175.0 Million Incremental Term Loan
HOUSTON, Sept. 29, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) (“Ultra” or the “Company”) today announced the closing of its previously announced $175.0 million incremental senior secured term loan offering (the “Incremental Term Loan”). The Incremental Term Loan bears interest at LIBOR plus 300 basis points with a 1% LIBOR floor. Pro forma for the transaction, the Company’s total senior secured term loan outstanding will be $975.0 million. Net proceeds from the Incremental Ter... 
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09.27.17Ultra Petroleum Announces Intention to Work With Fir Tree Partners and Other Significant Stakeholders to Continue Pursuing Value-Maximizing Strategies
HOUSTON, Sept. 27, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announced today its intention to work collaboratively with Fir Tree Partners (“Fir Tree”), its largest shareholder, to pursue value-maximizing strategies. Michael D. Watford, President, Chairman and CEO, said, “We are very engaged with all of our stakeholders, including a constructive dialog with Fir Tree Partners, and share their excitement for our business. We look forward to collaborating with them on both imm... 
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09.22.17Ultra Petroleum Responds to Make-Whole Ruling
Company’s Litigation Reserve Ensures No Financial Impact HOUSTON, Sept. 22, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) confirmed that late yesterday, the bankruptcy court overseeing its earlier restructuring proceedings denied the Company’s objection to certain make-whole and post-petition interest claims that remained following its emergence from chapter 11. "We are disappointed and strongly disagree with the ruling.  We are reviewing the opinion with our legal counsel an... 
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09.18.17Ultra Petroleum Provides Operational and Financial Update
HOUSTON, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces the following operational and financial updates: Operational Update Production As of September 15, 2017, Ultra’s total net daily production increased 8% to 796 million cubic feet equivalent (MMcfe) per day compared to an average of 738 MMcfe per day during the second quarter of 2017. Operations Quarter-to-date through September 15, 2017, Ultra Petroleum has drilled 48 gross operated wells and placed o... 
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08.09.17Ultra Petroleum Announces Second Quarter 2017 Financial and Operating Results
HOUSTON, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces financial and operating results for the second quarter of 2017. Highlights: Reported net income of $499.0 million; Adjusted net income(2) of $51.0 million compared to $37.9 million in the prior year comparable quarter, Generated positive free cash flow (operating cash flow(1) less capital expenditures) for the six months of $36.6 million, Revenues increased to $212.7 million, a 45% increase from ... 
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08.09.17REMINDER – Ultra Petroleum Corp. to Webcast Second Quarter 2017 Results
HOUSTON, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces the following Webcast to discuss its second quarter 2017 financial and operating results: What:      Ultra Petroleum Corp. Second Quarter 2017 Results Webcast When:     August 9, 2017 at 11:00 a.m. Eastern Daylight Time Where:    http://www.ultrapetroleum.com How:       Live over the internet via the website address above Contact:  Sandi Kraemer, skraemer@ultrapetroleum.com, 281-582-6613 If you are ... 
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07.26.17Ultra Petroleum Corp. to Webcast Second Quarter 2017 Results
HOUSTON, July 26, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces the following Webcast to discuss its second quarter 2017 financial and operating results: What:      Ultra Petroleum Corp. Second Quarter 2017 Results Webcast When:     August 9, 2017 at 11:00 a.m. Eastern Daylight Time Where:    http://www.ultrapetroleum.com How:       Live over the internet via the website address above Contact:  Sandi Kraemer, skraemer@ultrapetroleum.com, 281-582-6613 If you are ... 
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07.06.17Ultra Petroleum Announces Dismissal of Litigation
HOUSTON, July 06, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (the "Company") (NASDAQ:UPL) confirms that it has entered into a mutual stipulation and settlement agreement with Cross Sound Management, fully resolving the ongoing litigation between the parties. As a result of this settlement, the last remaining objection to the implementation of the Company's Plan of Reorganization has been resolved. About Ultra Petroleum Ultra Petroleum Corp. is an independent energy company engaged in dom... 
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06.12.17Ultra Petroleum Set to Join Russell 3000® Index
HOUSTON, June 12, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) is set to join the broad-market Russell 3000® Index at the conclusion of the Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted June 9. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of the end of May, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, whi... 
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05.03.17Ultra Petroleum Announces First Quarter 2017 Financial and Operating Results
HOUSTON, May 03, 2017 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) announces financial and operating results for the first quarter of 2017. Highlights: Successfully completed in-court restructuring and emerged from chapter 11, preserving significant value for existing equity holders and repaying creditors in full, Restructured company has significantly lower cost structure while retaining quality assets, Raised approximately $3.0 billion in exit financing, First quarter... 
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05.03.17Ultra Petroleum Corp. To Webcast First Quarter 2017 Results
HOUSTON, May 3, 2017 /PRNewswire/ -- Ultra Petroleum Corp. (NASDAQ: UPL) announces the following Webcast to discuss its first quarter 2017 financial and operating results: What: Ultra Petroleum Corp. First Quarter 2017 Results Webcast When: May 3, 2017 at 11:00 a.m. Eastern Daylight Time Where: http://www.ultrapetroleum.com How: Live over the internet via the we... 
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04.27.17Ultra Petroleum Announces Filing Of Shelf Registration Statement Pursuant To Registration Rights Agreement
HOUSTON, April 27, 2017 /PRNewswire/ -- Ultra Petroleum Corp. (NASDAQ: UPL) announced today that, on April 26, 2017, it filed a shelf registration statement with the Securities and Exchange Commission with respect to possible secondary sales of the company's common stock by the selling shareholders named in the shelf registration statement. Ultra Petroleum is not selling any of its common stock and will not receive any proceeds from the offer and sale of any... 
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04.24.17Ultra Petroleum Corp. To Webcast First Quarter 2017 Results
HOUSTON, April 24, 2017 /PRNewswire/ -- Ultra Petroleum Corp. (NASDAQ: UPL) announces the following Webcast to discuss its first quarter 2017 financial and operating results: What: Ultra Petroleum Corp. First Quarter 2017 Results Webcast When: May 3, 2017 at 11:00 a.m. Eastern Daylight Time Where: http://www.ultrapetroleum.com How: Live over the internet via the... 
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04.12.17Ultra Petroleum Successfully Emerges From In-Court Restructuring
HOUSTON, April 12, 2017 /PRNewswire/ -- Ultra Petroleum Corp. ("Ultra" or the "Company") announced today that it has successfully completed its in-court restructuring and emerged from chapter 11. In support of its plan of reorganization, Ultra raised $2.98 billion in exit financing in order to pay creditors in full and preserve significant value for existing equity holders. Additionally, the Company has been approved to list its newly-issued common stock on The NASDAQ Global Select Market and wi... 
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04.07.17Ultra Petroleum Corp. Announces Pricing Of $1.2 Billion Two-Tranche Offering Of Senior Notes
HOUSTON, April 7, 2017 /PRNewswire/ -- Ultra Petroleum Corp. ("Ultra") (OTC: UPLMQ) today announced the pricing of the previously announced private placement to eligible purchasers of $1.2 billion aggregate principal amount of $700.0 million 6.875% senior unsecured notes due 2022 (the "2022 Notes"), and $500.0 million 7.125% senior unsecured notes due 2025 (together with the 2022 Notes, the "Notes"). The Notes were offered pursuant to exemptions from registra... 
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04.03.17Ultra Petroleum Corp. Announces $1.2 Billion Two-Tranche Offering of Senior Notes
HOUSTON, April 3, 2017 /PRNewswire/ -- Ultra Petroleum Corp. ("Ultra") (OTC: UPLMQ) today announced that, subject to market conditions, Ultra's wholly owned subsidiary, Ultra Resources Inc., intends to offer $700.0 million in aggregate principal amount of senior unsecured notes due 2022 (the "2022 Notes") and $500.0 million in aggregate principal amount of senior unsecured notes due in 2025 (together with the 2022 Notes, the "Notes") in a private placement pursuant to exemptions from registratio... 
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04.03.17Ultra Petroleum Corp. Announces The Increase Of The Company's Senior Secured First Lien RBL Term Loan
HOUSTON, April 3, 2017 /PRNewswire/ -- Ultra Petroleum Corp. ("Ultra") (OTC: UPLMQ) announced that based on significant market demand, the proposed Senior Secured First Lien RBL Term Loan has been increased to $800.0 million, from $600.0 million. In conjunction with the upsize, Ultra's proposed Borrowing Base has been increased from $1.0 billion to $1.2 billion. The facility is being raised in connection with Ultra's emergence from Chapter 11 proceedings. About Ultra Petroleum Ultra Petr... 
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03.23.17Ultra Petroleum Corp. Announces Hedging Transactions
HOUSTON, March 23, 2017 /PRNewswire/ -- Ultra Petroleum Corp. ("Ultra") (OTC: UPLMQ) announced that it has entered into new NYMEX natural gas swaps for approximately 119 Bcf for the months of April 2017 through October 2017.  The hedges are at an average price of $3.17 per MMBtu, or $3.34 per Mcf.  The hedged volumes are equivalent to nearly 50% of remaining forecasted production guidance for the remainder of the year, assuming the midpoint of guidance, and 100% of the PDP volumes required to be... 
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03.15.17Ultra Petroleum Announces 2017 Capital Investment Program And Financial And Operational Guidance
HOUSTON, March 15, 2017 /PRNewswire/ -- Ultra Petroleum Corp. ("Ultra") (OTC: UPLMQ) announced its capital investment program and financial and operational guidance for 2017. The company's Board of Directors approved the planned 2017 drilling and completion capital budget of $500.0 million. With this investment, Ultra is targeting production of 795 to 820 million cubic feet equivalent (MMcfe) per day, an increase of approximately 7% to 10% when compared to 2016 exit production rates. ... 
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02.23.17Ultra Petroleum Announces New Gas Processing Contracts
HOUSTON, Feb. 23, 2017 /PRNewswire/ -- Ultra Petroleum Corp. ("Ultra") (OTC: UPLMQ) announced that it has renegotiated its existing gas processing contracts with Enterprise Products Partners L.P. and Williams Partners L.P (or their respective subsidiaries) and the U.S. Bankruptcy Court approved these contracts on February 22, 2017. Ultra expects these new contracts to provide the following financial benefits related to its operations at its prolific Pinedale Field asset in Wyoming: Proc... 
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02.22.17Ultra Petroleum Announces 2016 Financial And Operating Results
Ultra Petroleum Reports Year-End 2016 Reserves Company Provides Reorganization Update HOUSTON, Feb. 22, 2017 /PRNewswire/ -- Ultra Petroleum Corp. (OTC: UPLMQ) reported fourth quarter and full-year 2016 operating and financial results. Highlights include: Reduced lease operating expense to $0.32 per Mcfe during 2016, a 14% reduction from 2015, Increased cash balance to $401.5 million at December 31, 2016, Produced 281.7 Bcfe of natural gas and crude oil, and Generated operating ... 
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02.22.17Ultra Petroleum Corp. To Webcast Fourth Quarter 2016 Results
HOUSTON, Feb. 22, 2017 /PRNewswire/ -- Ultra Petroleum Corp. (OTC: UPLMQ) announces the following Webcast to discuss its fourth quarter 2016 financial and operating results: What: Ultra Petroleum Corp. Fourth Quarter 2016 Results Webcast When: February 22, 2017 at 11:00 a.m. Eastern Standard Time Where: http://www.ultrapetroleum.com How: Live over the internet v... 
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02.14.17Ultra Petroleum Corp. To Webcast Fourth Quarter 2016 Results
HOUSTON, Feb. 14, 2017 /PRNewswire/ -- Ultra Petroleum Corp. (OTC: UPLMQ) announces the following Webcast to discuss its fourth quarter 2016 financial and operating results: What: Ultra Petroleum Corp. Fourth Quarter 2016 Results Webcast When: February 22, 2017 at 11:00 a.m. Eastern Standard Time Where: http://www.ultrapetroleum.com How: Live over the internet v... 
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01.17.17Ultra Petroleum Announces Settlement Of Claim With Rockies Express Pipeline
HOUSTON, Jan. 17, 2017 /PRNewswire/ -- Ultra Petroleum Corp. ("Ultra") (OTC: UPLMQ) announces that it has reached an agreement to settle Rockies Express Pipeline LLC's ("REX") $303.0 million breach of contract claim. The settlement will be submitted to the U.S. Bankruptcy Court for approval and will be implemented in connection with Ultra's chapter 11 plan of reorganization. The settlement includes a cash payment of $150.0 million to REX six months after Ultr... 
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