An unknown buyer entered into a purchase and sale agreement to acquire Utah Assets from Ultra Petroleum Corp. for $75 million.

An unknown buyer entered into a purchase and sale agreement to acquire Utah Assets from Ultra Petroleum Corp. (NasdaqGS:UPL) for $75 million on July 27, 2018. The deal consideration would be in cash. The transaction is subject to customary closing adjustments. The transaction is expected to close during the third quarter of 2018.