Ultra Petroleum Corp. announced operating results for the second quarter and six months ended June 30, 2019. For the quarter, natural gas production was 59,805 Mcf against 66,892 Mcf a year ago. Oil and condensate production was 449 Bbls against 667 Bbls a year ago. Total production was 62,499 Mcfe against 70,894 Mcfe a year ago.

For the six months, natural gas production was 119,380 Mcf against 135,128 Mcf a year ago. Oil and condensate production was 886 Bbls against 1,345 Bbls a year ago. Total production was 124,696 Mcfe against 143,198 Mcfe a year ago.

The updated production guidance for the full year 2019 is narrowed and slightly reduced to 238 Bcfe to 244 Bcfe.

In the third quarter 2019, the average daily production rate is expected to range between 635 MMcfe/d to 655 MMcfe/d.