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Ultra Petroleum Adds Uinta Producing Property

Ultra Petroleum Corp. Not Disclosed
AnnouncedOct 21, 2013
TypeProperty
LocationUinta Basin Play
Announced Date
October 21,2013
Effective Date
October 01,2013
Close Date
December 12,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
650




Snapshot
Asset/Basin:
{"Uinta Basin"}
TargetZones:
{"Lower Green River"
Net Acres
Location
Country
United States

State
Utah

Play


Production
Production


Calculated Metrics( EV/Category)
$/ Flowing

$/ Acre

$/Location

Transaction Details:  Subscribe to see

Ultra Petroleum Corp. has announced that the company has signed a definitive purchase and sale agreement to acquire oil-producing properties located in the Uinta Basin for $650.0 million.

Acquisition Opportunity Highlights Uinta Basin oil-producing properties in northeast Utah Operated asset with 100% working interest Current net production of 4,000 barrels of oil per day from 38 producing wells Net risked reserves of 90+MMBO Self-funding development immediately in year one De-risked acreage position with stacked pay potential

Ultra Petroleum expects to finance the acquisition through debt…



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Price History



Date Deal Headline Price$/acre
Aug-20-2024 Quantum Backed-Koda Resources, QB Energy Gets Caerus Oil Assets For $1.8 Billion - -
Jun-27-2024 SM Energy, Northern To Acquire PE-Backed XCL Resources - -
Feb-16-2022 Crescent Energy Inks $690MM Cash Deal for EP Energy's Uinta Assets - -