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Ultra Petroleum Corp
Howard Weil 40th Annual Energy Conference
| Michael D. Watford | Page 2 of 11 |
September 30, 2014
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[F&D Costs / RRC]
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A Unique Energy Company? Exploration & Production company uniquely focused on profitable growth? 31% return on equity for 2011 ? 15% production growth for 2011? Growing scale of our assets? Early development of Wyoming legacy asset ? Emerging Marcellus opportunity ? Exploration effort in the Niobrara? Industry leading cost structure? All-in operating costs of $2.88/Mcfe for 2011 ? Drill-bit F&D costs of $1.60/Mcfe for 2011? Industry leading reserve and production growth? 69% 3-yr production growth through 2011 ? Net risked resource potential ~ 20 TcfeUltra Petroleum Corp. NYSE: UPL2