Ultra Petroleum Corp., Houston, said encouraging results from its own wells and public data from adjacent third party wells affirm the commercial viability of the Upper Devonian Geneseo formation on the majority of Ultra’s Pennsylvania leasehold.
Ultra continues to evaluate Geneseo potential. Two new wells were brought on line during the quarter ended Sept. 30, one in Tioga County and one in Clinton County. The company did not provide rates for the new wells.
To date, Ultra and its partners have completed 5 gross (3 net) horizontal wells in the Geneseo.