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Company Description

Contact Info

400 North Sam Houston Parkway East

Suite 1200

Houston, TX 77060

United States

Phone: 281-876-0120

Fax: 281-876-2831

Ultra Petroleum Corp., an independent oil and gas company, engages in the development, production, operation, exploration, and acquisition of oil and natural gas properties. The company’s operations are primarily located in the Green River Basin of southwest Wyoming and the north-central Pennsylvania area of the Appalachian Basin. As of December 31, 2012, the company’s proved reserves were 3.08 Tcfe (one trillion cubic feet of natural gas equivalent). Oil and Gas Properties The company’s operations in southwest Wyoming are focused on developing its long-life natural gas reserves in a tight gas sand trend located in the Green River Basin with targets in the sands of the upper Cretaceous Lance Pool in the Pinedale and Jonah fields. The Lance Pool, as administered by the Wyoming Oil and Gas Conservation Commission (WOGCC), includes sands of both the Lance (found at subsurface depths of approximately 8,000 to 12,000 feet) and Mesaverde (found at subsurface depths of approximately 12,000 to 14,000 feet) in the Pinedale and Jonah fields area of Sublette county, Wyoming. As of December 31, 2012, the company owned interests in approximately 84,000 gross (49,000 net) acres in Wyoming covering approximately 190 square miles. The company’s operations in north-central Pennsylvania are focused on assessing, exploring and developing its position in the Marcellus Shale and other horizons. As of December 31, 2012, the company owned interests in approximately 497,000 gross (261,000 net) acres in Pennsylvania. In eastern Colorado, as of December 31, 2012, the company owned interests in approximately 154,000 gross (139,000 net) acres. Exploration and Production Green River Basin, Wyoming: During 2012, the company participated in the drilling of 135 wells in Wyoming and continued to improve its drilling and completion efficiency on its operated wells as measured by spud to total depth. Pennsylvania: During the year, the company participated in the drilling of 59 horizontal wells. In 2012, approximately 71% of the company’s acreage holdings in Pennsylvania were covered by 3D seismic data, which the company uses to guide its investment decisions. Colorado: In 2012, the company expanded its acreage position in eastern Colorado’s Denver Julesburg Basin to 154,000 gross (139,000 net) acres. The company drilled three vertical wells during the year to evaluate oil potential in the Cretaceous aged Niobrara formation. Strategy The company’s mission is to profitably grow an upstream oil and gas company for the long-term benefit of its shareholders. Its strategy includes building a portfolio of high return investment opportunities, maintaining a disciplined approach to capital investment, maximizing earnings and cash flows by controlling costs and maintaining financial flexibility. History Ultra Petroleum Corp. was founded in 1979.


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Price/Earnings 19.1x
Price/Sales 4.8x
Price/Book NM Not Meaningful
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TEV/Sales 2.2x

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