Recently, Ultra Resources completed 14 gas wells targeting the Lance. These directional wells averaged 3.6 MMcfe/d 24-hour IPs, with the top well, the Mesa #13D1-26D, flowing 6.0 MMcfe/d (6% oil). According to state data, Ultra has filed completions forms for 113 wells in Pinedale field this year, all targeting the Lance. The company plans to spend $500 million this year and participate in 245 gross (193 net) wells.Ultra has ramped up its drilling activity......
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