Ultra Petroleum Corp. Chairman, President & CEO Michael D. Watford, joined by senior executives from the company, commemorated today's transfer by ringing The Opening Bell(SM). Ultra Petroleum is the 11th transfer from another market to the NYSE year-to-date and the 179th company in the oil and gas sector trading on the NYSE, bringing the combined total market cap of NYSE-listed oil and gas companies to $3.7 trillion.
"We welcome Ultra Petroleum Corp. to the NYSE family of listed companies," said NYSE Euronext CEO John A. Thain. "Ultra Petroleum is an outstanding addition to our roster of NYSE-listed companies in the oil and gas sector. We look forward to a strong and lasting partnership, and to providing the company and its shareholders with the superior market quality, liquidity and visibility that NYSE-listed companies enjoy."
"We believe the move will benefit our shareholders through increased visibility and decreased volatility," stated Ultra Petroleum Corp. Michael D. Watford, Chairman, President & CEO. "We join the ranks of many other mid and large-cap oil and gas companies currently trading on the NYSE with this move. We have had a successful history with our specialists and the American Stock Exchange and we are looking forward to our new relationship with the NYSE."
Ultra Petroleum is an independent exploration and production company focused on its core properties in the Green River Basin of southwestern Wyoming: the Pinedale and Jonah Fields. The company produces oil in the shallow waters of Bohai Bay, China and is in the early exploration stages in the Appalachian Basin in Pennsylvania.
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