Porter Hedges Represents Ultra Petroleum in $115M Divestiture of Marcellus Assets to Alta Marcellus Development
Porter Hedges represented Ultra Petroleum Corp (NASDAQ:UPL) (“Ultra”) in the divestiture of its non-operated assets in the Marcellus Shale to Alta Marcellus Development, LLC (“Alta”) for a purchase price of $115 million in cash.
For additional information, see the Ultra press release here.
Ultra Petroleum Corp. is an independent energy company engaged in domestic natural gas and oil exploration, development and production.
The Porter Hedges team included energy transactions partner Jeremy Mouton, corporate partner Robert Viguet, and energy transactions associate Jonathan Strom.