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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (11237)	6/16/1998 4:01:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Ultra Petroleum Environmental Agreement UNIQUE ENVIRONMENTAL AGREEMENT BETWEEN ULTRA PETROLEUM AND PACIFICORP WILL HELP CLEAR THE AIR IN WYOMING Date: 6/15/98 4:23:35 PM Stock Symbol: UP Ultra Petroleum Corp. and PacifiCorp today announced an innovative environmental agreement to proactively reduce Nitrogen Oxide (NOx) emissions and contribute to protecting the air quality in Wyoming. PacifiCorp., which owns and operates the Naughton Power Plant at Kemmerer in Southwestern Wyoming and Ultra Petroleum, a Canadian gas exploration and development company operating nearby in the Green River Basin, have entered into a unique and voluntary, "Nitrogen Oxide Reduction Agreement." PacifiCorp will install low NOx burners by 1999 at its Naughton Plant which will reduce its emissions by at least 1,000 tons per year. Ultra will share equally in the estimated $5 million cost of this advanced technology. This emissions reduction will provide a cushion for future NOx emissions created by Ultra during its gas field activities in the Green River Basin area of Wyoming. Nitrogen oxides are gaseous by-products of burning fossil fuels and automobile exhaust is a major urban source of NOx in the atmosphere. Other industrial activities such as electricity generation, natural gas compression and evaporation along pipelines and oil rigs also contribute. "This agreement between Ultra Petroleum and PacifiCorp demonstrates that when management is willing to think beyond the confines of conventions, everyone can benefit. The State of Wyoming and the people who live and work in the region are all winners today. Ultra is proud to be part of this agreement," says Jerry Albertus, President of Ultra Petroleum. The Naughton Plant already meets or exceeds federal and state Clean Air Act requirements says PacifiCorp's general business director, Bob Tarantola and adds, "Our company has a long history of working to protect the environment and this project goes hand-in-hand with this commitment." PacifiCorp, which operates as Pacific Power in Wyoming, serves 1.4 million customers with electricity and related services in the western United States. Ultra Petroleum Corp. has its head office in Vancouver, British Columbia and operational headquarters in Denver Colorado. It is actively engaged in oil and gas exploration and development, primarily in the Green River Basin in Southwest Wyoming, with field offices in Pinedale and Casper.