HOUSTON, May 31, 2018 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (NASDAQ:UPL) today announced that Jay Stratton has joined the Company as Chief Operating Officer. In this role, Mr. Stratton will provide strategic oversight of the company’s day-to-day operations, with a focus on continuing Ultra’s operational excellence and contributing his leadership and expertise to help optimize the value of the Company’s assets. Mr. Stratton assumes the chief operations role from Ultra’s Interim Chief Executive Officer Brad Johnson, who previously held this position as Senior Vice President, Operations.
Mr. Stratton has over 30 years’ experience in operations for both domestic and international oil and gas companies. He most recently served as Chief Operating Officer of Jagged Peak Energy, where he led the horizontal development of assets, operations, engineering, geoscience and land functions. Prior to joining Jagged Peak, he served as Chief Operating Officer of Permian Resources, where he was responsible for all operating and development functions. Mr. Stratton also previously served as District Manager for Permian Basin and Mid-Continent Assets for Chesapeake Energy. He began his career in various engineering roles with ARCO, Occidental and Anadarko.
“Jay is a seasoned oil and gas executive with a successful track record of building and leading large-scale upstream development operations,” said Brad Johnson. “His technical expertise, business acumen and ability to meet exceptional challenges with innovative solutions will be a tremendous benefit to our organization, and I am delighted to welcome Jay to his new role.”
“Ultra has exceptional assets and a talented team of employees of great experience, technical skill, and cost discipline that is well positioned for a bright future,” said Mr. Stratton. “I am thrilled to join Ultra and look forward to working closely with Brad, the management team and all of the staff as we execute our 2018 plan and increase value for our shareholders.”
About Ultra Petroleum
Ultra Petroleum Corp. is an independent energy Company engaged in domestic natural gas and oil exploration, development and production. The Company is listed on NASDAQ and trades under the ticker symbol “UPL”. Additional information on the Company is available at www.ultrapetroleum.com.
