The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 7, 2020. Its latest SEC filing is a 4 from Sep 15, 2020.
10-Q for Q2 FY2020, filed Aug 7, 2020
The sections below describe the company as of the FY2019 annual report.
Produces and sells natural gas from Wyoming fields, along with associated condensate and crude oil, to third-party buyers.
10-K for FY2019, filed Apr 15, 2020Ultra Petroleum Corp. and its wholly-owned subsidiaries (collectively the “Company”, “Ultra”, “our”, “we”, or “us”) is an independent…View ↗
The Company conducts operations exclusively in the United States. Its operations in southwest Wyoming have historically focused on…View ↗
During the year ended December 31, 2019, Ultra derived its revenues from the sale of its natural gas and associated condensate produced…View ↗
During 2019, 96% of the Company’s production and 86% of its revenues were attributable to natural gas, with the balance attributable to…View ↗
Ultra currently sells all its natural gas production to a diverse group of third-party, non-affiliated entities in a portfolio of…View ↗
Wyoming. The Company markets its Wyoming condensate to various purchasers, which are primarily refiners in the Salt Lake City, Utah area.…View ↗
Sells natural gas and oil at agreed delivery points for market-index or set prices; it invoices customers after delivery, when they owe payment.
10-K for FY2019, filed Apr 15, 2020We sell natural gas production at the processing plant inlet, the tailgate of the processing plant or at another agreed-upon delivery…View ↗
We sell oil production at either (a) a lease automatic custody transfer meter, (b) a tank battery, or (c) a delivery point downstream, as…View ↗
Under our product sales contracts, we invoice customers once our performance obligations have been satisfied, at which point payment is…View ↗
$742M
10-K for FY2019, filed Apr 15, 2020
$742M ↗| Segment | Share | Revenue |
|---|---|---|
|
Natural Gas Sales
|
86%
FY2016: 85%
|
Natural Gas Sales, FY2019
$637M Sources
|
|
Oil Sales
|
13%
FY2016: 15%
|
Oil Sales, FY2019
$97.2M Sources
|
|
Other Revenues
|
1.1% |
Other Revenues, FY2019
$7.8M Sources
|
Natural gas goes to a diverse group of third-party buyers around the United States; Wyoming condensate is sold to various purchasers, mainly refiners in the Salt Lake City area.
10-K for FY2019, filed Apr 15, 2020
10-K for FY2019, filed Apr 15, 2020
A significant counterparty is defined as one that individually accounts for 10% or more of the Company’s total revenues during the year. In…View ↗
Yes. It kept 15 cents of every revenue dollar as net income in FY2019.
10-K for FY2019, filed Apr 15, 2020
10-Q for Q2 FY2020, filed Aug 7, 2020
−$45.8MView ↗
10-Q for Q2 FY2020, filed Aug 7, 2020
Open tableView ↗
8-K, filed Aug 25, 2020
On August 22, 2020, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the Plan as modified by the Confirmation…View ↗
8-K, filed May 15, 2020
On May 14, 2020 (the “Petition Date”), Ultra Petroleum Corp. (the “Company”) and certain of its subsidiaries, including Ultra Resources…View ↗
Shrank. Revenue fell 12% in 4 years, from $839.1M in FY2015 to $742M in FY2019, about 3% a year.
Narrower operating footprint
The earlier report covered natural gas in Wyoming and Pennsylvania and oil in Utah; the latest describes operations only in Wyoming’s Pinedale and Jonah fields, following sales of the Pennsylvania and Utah properties.
10-K for FY2016, filed Feb 22, 2017 10-K for FY2019, filed Apr 15, 2020Ultra Petroleum Corp. (“Ultra” or the “Company”) is an independent oil and gas company engaged in the development, production, operation…View ↗
Ultra’s operations in southwest Wyoming have historically focused on developing its long-life natural gas reserves in a tight gas sand…View ↗
The Company’s operations in the Uinta Basin in Utah have focused on developing its oil-producing properties and undeveloped acreage…View ↗
Ultra’s operations in north-central Pennsylvania have focused on its position in the Devonian aged Marcellus Shale and other horizons at…View ↗
The Company conducts operations exclusively in the United States. Its operations in southwest Wyoming have historically focused on…View ↗
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