logo
Share SHARE
FONT-SIZE Plus   Neg

Ultra Petroleum To Buy Oil-producing Properties In Uinta Basin For $650 Mln

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

The firm expects to finance the acquisition through debt at the subsidiary and parent level. It anticipates the transaction will close December 2013, subject to closing adjustments and customary terms and conditions, with an effective date of October 1, 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014. Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform.
comments powered by Disqus
Follow RTT