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Ultra Petroleum history
Ultra Petroleum company history timeline
1979: The company is incorporated in Canada.
Ultra reached a major turning point in 1996 when it became involved in the Rocky Mountains for the first time.
By the end of 1998 Ultra had dug nine wells in an identified sweet spot, 12 miles long and 2 miles wide.
In January 2001, Ultra acquired Houston-based Pendaries Petroleum Ltd. in a $40 million stock swap.
What they saw in 2001 was a great deal of success, especially in Ultra's Wyoming interests.
The company again delivered more than it promised in 2002, exceeding its year-end target of proved reserves, which now totaled 700 Bcfe, a 58 percent increase over the prior year.
In addition, in 2002 the company participated in the drilling of five wells and the discovery of two new fields, for a total now of seven discovered fields.
Ultra continued to enjoy success with the drill bit in 2002.
With a rebound in Wyoming natural gas prices, Ultra was able to post revenues of $121.6 million in 2003, as well as net income of $45.3 million.
2003: Ultra exceeds the Tcfe (trillion cubic feet equivalent) mark in reserves.
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Ultra Petroleum competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Laredo Petroleum | 2006 | $677.0M | 257 | - |
| Approach Resources | 2002 | $114.0M | 99 | - |
| Legacy Reserves Service Inc. | - | $554.9M | 200 | - |
| EXCO Resources | 1955 | $394.0M | 153 | - |
| Isramco | 1982 | $81.3M | 25 | - |
| Comstock Resources | 1919 | $1.3B | 113 | - |
| Parsley Energy | 2008 | $2.0B | 496 | - |
| Evolve Transition Infrastructure | 2005 | $51.5M | 15 | - |
| Rosehill Operating Company | 2015 | $290.6M | 89 | 10 |
| Chesapeake Energy | 1989 | $11.7B | 1,300 | 27 |
Ultra Petroleum history FAQs
Zippia gives an in-depth look into the details of Ultra Petroleum, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ultra Petroleum. The employee data is based on information from people who have self-reported their past or current employments at Ultra Petroleum. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Ultra Petroleum. The data presented on this page does not represent the view of Ultra Petroleum and its employees or that of Zippia.
Ultra Petroleum may also be known as or be related to ULTRA PETROLEUM CORP, Ultra Petroleum, Ultra Petroleum Corp and Ultra Petroleum Corp.