| | Business Summary | | Ultra
Petroleum
Corp.
is
an
independent
exploration
and
production
company
focused
on
its
core
properties
in
the
Green
River
Basin
of
southwestern
Wyoming.
Ultra
Petroleum
controls
more
than
200,000
net
acres
in
and
around
the
prolific
Jonah
natural
gas
field
(3
tcf+)
and
Pinedale
Anticline
areas.
The
gas
accumulations
in
these
Cretaceous
sandstones
have
long
been
recognized,
but
only
recent
advances
in
technology
have
made
economic
production
a
reality.
Ultra
is
well
positioned
to
leverage
its
acreage
position
into
years
of
growth
in
production,
cash
flow
and
earnings.
At
mid-year
2000,
the
Company
had
128.7
bcfe
(billion
cubic
feet
equivalent)
of
proved
reserves. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Ultra
Petroleum
Corporation
is
an
independent
oil
and
gas
company
with
primary
natural
gas
operations
located
in
the
Green
River
Basin
of
southwest
Wyoming.
For
the
six
months
ended
6/30/01,
revenues
totalled
$26.8
million,
up
from
$5
million.
Net
income
totalled
$15.8
million,
up
from
$986
thousand.
Revenues
benefitted
from
an
increase
in
production
and
an
increase
in
prices
received
for
that
production.
Earnings
also
reflect
improved
gross
profits
and
higher
interest
income. | | More
from
Market Guide: Significant
Developments |
| | Officers | | Michael
D. Watford,
Chmn./Pres./CEO
Stephen
R. Kneller
VP,
Charlotte
H. Kauffman
Counsel/Secy. | More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/u/upl.gif)