Ultra Petroleum Corp., along with its seven affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on May 14, 2020. The debtor listed both its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Matthew D Cavenaugh of Jackson Walker LLP, Quinn Emanuel Urquhart & Sullivan, LLP, Kirkland & Ellis LLP and Kirkland & Ellis International LLP as its legal counsels. Tucker Carruthers and Bennett Jones LLP acted as Canadian counsel. The debtor also hired FTI Consulting, Inc. as financial advisor and Centerview Partners LLC as investment banker. Prime Clerk LLC acted as claims and noticing agent.