Ultra Petroleum Announces $425 Million Capital Budget for 2006
"Once again, Ultra will experience a very active drilling program in 2006," stated Mike Watford, Chairman, President and Chief Executive Officer. "We expect production to grow by approximately 33 percent to roughly 95 Bcfe through the execution of our most aggressive drilling program yet. We are confident that with a flat capital program over the next three years that we can double production from our Pinedale operations. With over a decade of identified drilling opportunities in conjunction with our low cost structure, we are poised to continue delivering industry leading performance for numerous years."