ULTRA PETROLEUM CORP. (OTCMKTS:UPLMQ) Files An 8-K Regulation FD Disclosure
Item 7.01.
| Regulation FD Disclosure. |
Press Release
On March 23, 2017, the company issued a press release announcing
that it has entered into new NYMEX natural gas swaps for
approximately 119 Bcf for the months of April 2017 through
October 2017. The hedges are at an average price of $3.17 per
MMBtu, or $3.34 per Mcf. The hedged volumes are equivalent to
nearly 50% of remaining forecasted production guidance for the
remainder of the year, assuming the midpoint of guidance, and
100% of the PDP volumes required to be hedged under the proposed
revolving credit facility. The press release is attached hereto
as Exhibit 99.1 to this Current Report on Form 8-K. Please see
Item 9.01 below and the attached exhibit.
The information included in this Current Report on Form 8-K under
Item 7.01 and Exhibit 99.1 is being furnished and shall not be
deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the Exchange Act), or
otherwise subject to liabilities of that Section, unless the
registrant specifically states that the information is to be
considered filed under the Exchange Act or incorporates it by
reference into a filing under the Exchange Act or the Securities
Act of 1933, as amended.
| Section 9. | Financial Statements and Exhibits |
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit No. | Description |
| 99.1 | News Release dated March 23, 2017 |
About ULTRA PETROLEUM CORP. (OTCMKTS:UPLMQ)
Ultra Petroleum Corp. is an independent oil and gas company. The Company is engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. The Company operates in natural gas and oil exploration and development industry, with geographical segment, the United States. It owns oil and natural gas leases in Wyoming, Utah and Pennsylvania. In Colorado, the Company owns oil and natural gas leases, as well as fee oil and gas rights. The Company focuses on developing its natural gas reserves in the Green River Basin of southwest Wyoming, the Pinedale and Jonah fields; its oil reserves in the Uinta Basin in Utah, and its natural gas reserves in the Appalachian Basin of Pennsylvania. The Company owns interests in approximately 104,000 gross (approximately 68,000 net) acres in Wyoming covering approximately 190 square miles. ULTRA PETROLEUM CORP. (OTCMKTS:UPLMQ) Recent Trading Information
ULTRA PETROLEUM CORP. (OTCMKTS:UPLMQ) closed its last trading session up +0.27 at 6.62 with 16,184,089 shares trading hands.