UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report
May 17, 2006
(Date of earliest event reported)

ULTRA PETROLEUM CORP.

(Exact name of registrant as specified in its charter)

 

 

 

 

 

Yukon Territory, Canada

 

0-29370

 

N/A

(State or other jurisdiction of
incorporation or organization)

 

(Commission
File Number)

 

(I.R.S. Employer
Identification Number)

 

 

 

 

 

363 N. Sam Houston Parkway East

Suite 1200

Houston, Texas  77060

(Address of principal executive offices, including zip code)

 

(281) 876-0120

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 




Item 8.01 Other Events

On May 17, 2006, Ultra Petroleum Corp. (AMEX: UPL) announced via news release that its Board of Directors has authorized a share repurchase program for up to an aggregate $1 billion of the company’s outstanding common stock.  The press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

 

(d)  Exhibits

 

 

 

 

 

 

 

Exhibit Number

 

Title of Document

 


 


 

99.1

 

News Release dated May 17, 2006

2



SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

ULTRA PETROLEUM CORPORATION

 

 

 

 

May 17, 2006

By:

/s/ Marshall D. Smith

 

 


 

Name:

Marshall D. Smith

 

Title:

Chief Financial Officer

3



Exhibit Index

Exhibit Number

 

Title of Document


 


99.1

 

News Release dated May 17, 2006

4