Ultra Petroleum Corp

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Englewood, Colorado-based Ultra Petroleum Corp. (UPL) was reported in September, 2008 as having a 270,000 gross acre land hold in Pennsylvania, and has several wells either drilled or in the process of being drilled in Potter County, Pennsylvania in an isolated location approximately 20 miles west of Wellsboro called Marshlands. They are testing both the Oriskany and Marcellus shale horizons. One of two Oriskany test wells has potential estimated production of 5 million cubic feet per day. Ultra owns a 50% working interest. East Resources who operates the wells is an equal 50% joint venture partner with Ultra.

A May, 2009 report found Ultra applying to the Susquehanna River Basin Commission to withdraw water from Pine Creek in Tioga County, in north central Pennsylvania. The water was to be use for hydro-fracturing gas wells in the area. The Commission approved Ultra's withdrawal plan.

  • Mike Watford is Ultra's Chairman, President, and CEO.
  • Sally Zinke is Director of Exploration.
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