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Ultra Petroleum Corp.

Ultra Petroleum Corp.

  Ultra Petroleum Corp.
363 North Sam Houston Pkwy E, Suite 1200
Houston, TX 77060

Ultra Petroleum Corp. is an independent exploration and production company focused on its core properties in the Green River Basin of southwestern Wyoming; the Pinedale and Jonah Fields.

Ultra controls more than 121,600 gross (62,756 net) acres in and around the prolific 90 square mile Pinedale Field and the 36 square mile Jonah Field. Ultra believes that these areas hold greater than 39 Tcfe of gross recoverable reserves. At year-end 2007, Ultra has an undrilled inventory of over 5,300 low risk high rates of return well locations that average 4.5 Bcfe of natural gas reserves as identified by its third party reservoir engineering firm. Currently, the company is awaiting a Record of Decision that will enable it to gain more access year round to its core Wyoming acreage that could allow the company to accelerate its development of the Pinedale Field. Ultra Petroleum is also in the process of assessing deeper zones in the Pinedale Anticline.

Over the past eight years, Ultra has grown proved reserves more than 1,600 percent to nearly 3.0 Tcfe. Production for the last five years has increased at a compound annual growth rate of 43 percent to 121.3 Bcfe in 2007.

The company’s head office is in Houston, Texas, with an operations office in Denver, Colorado and a field office in Pinedale, Wyoming. Ultra Petroleum trades under the symbol “UPL” on the New York Stock Exchange.

Latest Ultra Petroleum News

IPAA elects new chairman and vice chairman

IPAA announced the election of Mike Watford as chairman of IPAA and Mark Miller as vice chairman of IPAA for the upcoming 2013-2015 term.

Ultra Petroleum takes big step to diversify into oil

Ultra Petroleum Corp. (NYSE: UPL) has signed a definitive purchase and sale agreement to acquire oil-producing properties located in the Uinta Basin in northeast Utah for $650 million.

Ultra Petroleum reaches $225M Pinedale midstream agreement

Houston-based Ultra Petroleum Corp. has agreed to sell certain midstream assets in Wyoming to Pinedale Corridor LP for $225 million in cash.

Temporary ban impacts Niobrara plans for Ultra Petroleum

A temporary drilling moratorium spanning Banning Lewis Ranch in eastern Colorado Springs and enacted by the city has halted certain activity by Ultra Petroleum in the Niobrara Shale area, said Global Hunter Securities in a note to investors December 1.

Net income dips by $2.7B, but still up 42% over 3Q09

While revenues have made a rebound from the economic doldrums of 2009, net income for the OGJ150 group of companies slipped a little in the third quarter of 2010, with a few notable exceptions.

US producers show steady gain in revenues, net income for 2Q10

It's become clear that the domestic oil and gas industry in the United States has made a dramatic comeback since financials fell into a deep pit in late 2008 and early 2009.

Madison Williams initiates coverage of US exploration, production industry

Madison Williams and Co., a New York-based integrated capital markets and investment banking firm, has initiated coverage of the US Exploration & Production Industry under senior equity research analyst Andrew Coleman.

Revenues, net income continue to rise for US producers in 1Q10

Total revenues and net income continued to rise in the first quarter of 2010 for the OGJ150 group of companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal.

OGJ 150

Revenue, net income show small increases in 4Q2012

May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

Helix completes sale of oil and gas business

Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

Revenue, net income drop sharply in 3Q12

Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

WPX Energy makes natural gas discovery in Niobrara formation

Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...

Helix to divest oil and gas subsidiary to grow well intervention business

Dec 13, 2012 International offshore energy company Helix Energy Solutions Group Inc. has agreed to sell its oil and gas subsidiary to privately-held upstream oi...

OGFJ 100P

FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

Jan 31, 2014 FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Bas...

OGFJ100P company update

Jul 11, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

Maverick Brothers Energy gets $35M in equity capital from Post Oak Energy

Apr 8, 2013 Post Oak Energy Capital LP, through investment partnerships it manages, has commitment of $35 million in equity capital to privately held explorati...

Midstates Petroleum to acquire Anadarko Basin assets from Panther Energy

Apr 4, 2013

OGFJ100P company update

Jan 1, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

Oil & Gas Companies

Shell reports Malaysia deepwater gas discovery

Shell has announced an exploration discovery offshore Malaysia. The successful Rosmari-1 well is located 135 kilometers offshore in Block SK318, and was drilled to a total depth of 2,123 meters.

Cunningham Energy plans ‘Dragon’s Breath’ horizontal well program

Cunningham Energy LLC is planning three additional new shallow horizontal oil wells to be drilled in Clay County, West Virginia, from the “Dragon’s Breath” pad, with specified measured depths ranging from 4,750 feet to 5,200 feet.

L&L Energy to voluntarily delist from NASDAQ

L&L Energy Inc., a US-based company with energy (coal) operations in China, has notified NASDAQ Stock Market LLC of its intention to voluntarily delist its common stock (LLEN) from the NASDAQ.

Weatherford to move headquarters to Ireland

Weatherford International Ltd. has made plans to move its corporate headquarters from Switzerland to Ireland, after the Swiss government handed investors authority to rein in top-level executive pay.

Cantex Energy announces new president, headquarters

Cantex Energy Corp. reports that its board of directors has hired Paul Henley as CEO and president. Additionally, the company’s corporate headquarters will be moved to Dallas, Texas.

Weatherford to cut back Venezuela operations

This year, Weatherford International Ltd. plans to reduce its operations in Venezuela, while expanding its operations in Russia, according to Reuters.

Oil Basins receives grant for Derby Block

The Western Australian Department of Mines and Petroleum has confirmed to Oil Basins Ltd. that the grant of the Derby Block (formerly 5/07-EP), as Permit EP 487, has been made for a period of six years.