Ultra Petroleum Corp.

• Public
• US

Dow Jones Description

Ultra Petroleum Corp. (Ultra or the Company) is an independent oil and gas company engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. The Company was originally incorporated on November 14, 1979, under the laws of the Province of British Columbia, Canada. Ultra remains a Canadian company, but since March 2000, has operated under the laws of The Yukon Territory, Canada pursuant to Section 190 of the Business Corporations Act (Yukon Territory). The Companys operations are primarily in the Green River Basin of southwest Wyoming. The Company continually evaluates other opportunities for the acquisition, exploration and development of oil and natural gas properties. Ultras current operations are focused on developing and expanding its position in a tight gas sand trend located in the Green River Basin in southwest Wyoming. As of December 31, 2008, Ultra owns interests in approximately 121,432 gross (59,953 net) acres in Wyoming covering approximately 190 square miles. The Company owns an interest in approximately 984 gross producing wells in this area and is operator of approximately 50% of the 984 gross wells. The Company also has an exploration effort underway in Pennsylvania. Following the acquisition of Pendaries Petroleum Ltd. on January 16, 2001, the Company became active in oil and natural gas exploration and development covering the 04/36 Block and the 05/36 Block in Bohai Bay, China. ...

Number of Employees 86

Contact Information

Peer Companies

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• EnCana Corp.
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