February 01, 2015 3:29 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Ultra Petroleum Corp.

Company Overview

Ultra Petroleum Corp., an independent oil and gas company, is engaged in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. It primarily focuses on developing a tight gas sand trend located in the Green River Basin of southwest Wyoming; and assessing, exploring, and developing its position in the Marcellus Shale and other horizons located in the north-central Pennsylvania area of the Appalachian Basin. As of December 31, 2013, the company owned interests in approximately 49,000 net acres in Wyoming covering approximately 190 square miles; and 250,000 net acres in Pennsylvania. Ultra Petroleum Corp. was founded in 1979 ...

400 North Sam Houston Parkway East

Suite 1200

Houston, TX 77060

United States

Founded in 1979

124 Employees

Phone:

281-876-0120

Fax:

281-876-2831

Key Executives for Ultra Petroleum Corp.

Chairman
Age: 60
Total Annual Compensation: $800.0K
Senior Vice President of Operations
Age: 42
Total Annual Compensation: $351.5K
Vice President of Exploration and Land
Age: 55
Total Annual Compensation: $280.0K
Compensation as of Fiscal Year 2013.

Ultra Petroleum Corp. Key Developments

Ultra Petroleum Corp. Presents at Jefferies 2014 Global Energy Conference, Nov-11-2014

Ultra Petroleum Corp. Presents at Jefferies 2014 Global Energy Conference, Nov-11-2014 . Venue: St Regis Hotel, 1919 Briar Oaks Lane, Houston, Texas, United States.

Ultra Petroleum Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Fourth Quarter of 2014

Ultra Petroleum Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported income before income taxes of $123,974,000, net income of $125,357,000 or $0.81 diluted per share on total operating revenues of $288,608,000 against income before income taxes of $64,291,000, net income of $63,910,000 or $0.41 diluted per share on total operating revenues of $221,205,000 for the same period a year ago. Adjusted net income was $81,969,000 or $0.53 diluted per share against adjusted net income was $57,888,000 or $0.37 diluted per share for the same period a year ago. Net cash provided by operating activities of $168,511,000 against $117,937,000 for the same period a year ago. Operating cash flow was $160,732,000 or $1.04 diluted per share against $117,850,000 for $0.76 diluted per share or the same period a year ago. For the nine months, the company reported income before income taxes of $331,201,000, net income of $333,125,000 or $2.15 diluted per share on total operating revenues of $910,970,000 against income before income taxes of $199,957,000, net income of $196,717,000 or $1.27 diluted per share on total operating revenues of $708,207,000 for the same period a year ago. Adjusted net income was $298,590,000 or $1.93 diluted per share against adjusted net income was $188,280,000 or $1.22 diluted per share for the same period a year ago. Net cash provided by operating activities of $515,162,000 against $327,071,000 for the same period a year ago. Operating cash flow was $506,900,000 or $3.28 diluted per share against $375,898,000 or $2.44 diluted per share for the same period a year ago. The company provides production guidance for the fourth quarter of 2014. Production for 2014 is expected to range between 247 - 250 Bcfe. In the fourth quarter of 2014, the company's realized natural gas price is expected to average 4% to 6% below the NYMEX price due to differentials, before consideration of any hedging activity. Realized pricing for crude oil and condensate is expected to be about 18% -- 20% below the average NYMEX price, before consideration of any hedging activity.

Ultra Petroleum Corp. Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-10-2014 11:00 AM

Ultra Petroleum Corp. Presents at Wells Fargo Securities Research, Economics & Strategy 2014 Energy Symposium, Dec-10-2014 11:00 AM. Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 1002, United States. Speakers: Kelly L. Whitley, Director of Investor Relations, Michael D. Watford, Chairman, Chief Executive Officer and President.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 10, 2014
Ultra Petroleum Corp., 18,000 Acres of Banning Lewis Ranch
 

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