Tag Archives : PDC drill bits


World Oil October 2016

Featured in the October issue of World Oil magazine, Ulterra discusses PDC bits for RSS applications.

To extract the full potential of different RSS types, operators have sought out drill bit manufacturers, to provide designs tailored to specific parameters and BHAs. Ulterra has utilized its proprietary technology to develop CounterForce™ PDC bits, designed specifically to reduce lateral vibrations, a leading cause of downhole tool failure.

PDF_download_Icon World Oil October 2016


Ulterra has Achieved 1 Year with No Recordable Incidents

With continued initiatives Ulterra, once again, is excited to announce another safety milestone! September 19th, 2016 marked one year since our last OSHA recordable.

This milestone was made possible by all of our employees making safety a priority in their everyday routine. John Clunan, CEO, states that “This would not and could not have been achieved without everyone’s ownership in the culture of safety that we have been working on over the years, as well as the drive to make Ulterra the safest place to work.”

While our safety performance has continued to make us a viable company in difficult industry times, the ultimate goal is that every single employee goes home safe at the end of the day to their family and friends. This achievement would not have been accomplished had we not had total commitment from everyone. With 100% dedication to our safety program, Ulterra looks forward to reaching even more of our safety goals in the very near future.

“Congratulations to every Ulterra employee who recognizes the importance of safe work and contributes to make it happen” says Danny Graham, Director of HSSE & Training.

Not only is safety improvement crucial to the health and wellbeing of our employees, it also shows the industry that we take pride in every detail of our company. While this is a great accomplishment to take pride in, the Ulterra team is already working toward another year with no recordables.


Ulterra Continues to Expand the Application for CounterForce®

By: Matt Case, Lead Engineer, Eastern U.S.

Ulterra Drilling Technologies continues to expand the application for its ground breaking CounterForce® cutting structure technology.  CounterForce uses the cutting structure to reduce vibrations at the bit, which increases efficiency and reduces bit damage.  Reducing vibration is particularly important on wells which utilize Rotary Steerable Systems (RSS), which are becoming more popular as well planners are pushing the limits on directional difficulty and lateral lengths.  Most RSS tools are highly susceptible to failure due to vibration, which is one of the most common reasons the BHA must be tripped.  RSS directional hands will often monitor these vibrations and are forced to reduce drilling parameters, and sometimes stop drilling altogether to pick up off bottom when vibrations get too high.  Vibrations in a way act as an ROP ceiling, limiting the driller to lower parameters than what is necessary for maximum ROP.  With the ability of the CounterForce cutting structure to reduce vibrations, we can not only reduce the number of trips for tool failures, we can also effectively elevate the ROP ceiling so that operators can drill faster and still avoid high vibrations.

The claim that CounterForce can reduce vibrations, and therefore increase ROP and reduce the number of trips is validated through numerous field runs verses competitor bits.  A major operator in South Texas utilizes the Weatherford Revolution Rotary Steerable System to drill out from under surface through the curve and lateral to TD in one trip.  Comparing the Ulterra CounterForce U516M verses competitor bits in this application in the year 2015, the U516M on average drilled 10% faster and was tripped 32% fewer times for tool failures.  With 41 runs within this time frame, the U516M is the performance and market share leader for this operator.

CounterForce performance has also been validated through electronic drilling recorder (EDR) analysis.  A four well pad in South Texas utilizing the Waterford Revolution RSS ran the CounterForce U516M on three wells, and a competitor bit on the fourth.  The stick-slip magnitude, measured in a rotational value of c/min, was 35% lower for the average of the three CounterForce runs compared to the offset.  In addition, the average ROP for the three CounterForce runs was 27% faster than the offset, saving the operator 13 hours on each well the CounterForce U516M was in the hole.

CounterForce technology has also been tested in demanding applications offshore in the Gulf of Mexico.  A major operator drilling in the Eastern GOM utilized the Ulterra 16.50” U713M CounterForce to drill a 2,600 ft. section through the Base Miocene and Cretaceous formations.  This operator was particularly concerned with high vibrations through these formations due to offsets they had drilled in the past.  The Ulterra U713M CounterForce was able to decrease stick-slip vibration by 30% and increase ROP by 14% compared to said offsets.


Leading PDC Drill Bit Company Partners with American Securities

Read the press release sent on behalf of Ulterra here.

Leading PDC Drill Bit Company Partners with American Securities

Fort Worth, TX, July 18, 2016

Ulterra Drilling Technologies, L.P. (“Ulterra” or the “Company”) today announced that its management team has partnered with American Securities LLC, a leading U.S. private equity firm to acquire the Company from ESCO Corporation.  Ulterra is a leading manufacturer of polycrystalline diamond compact (“PDC”) drill bits for the oil and gas industry.  Financial terms of the transaction were not disclosed.

Headquartered in Fort Worth, Texas, Ulterra designs and manufactures polycrystalline diamond compact drill bits used in the construction of oil and gas wells.  In spite of the once-in-a-generation downturn in the energy sector over the last 18-24 months, Ulterra has succeeded in growing market share.  Ulterra has continually been among the fastest growing companies in drill bits, and is now the second largest PDC company in the U.S., surpassing competitors that have led the industry for over 100 years.

Ulterra President and Chief Executive Officer John Clunan stated, “We have built our success on empowering great people dedicated to customer satisfaction.”  He continued that this transition comes at an attractive time with respect to the market.  “The market is starting to show signs that the worst is behind us, and we are finally seeing some stable increases in rig count.  We are focused on delivering continued growth, and this transition will provide us the financial support and resources to aggressively accelerate our growth into a strengthening market.”

“Ulterra is another example of our backing talented and hardworking management teams that have developed differentiated products,” commented Kevin Penn, a Managing Director of American Securities.  “We have been impressed with the strong corporate culture at Ulterra and look forward to partnering with John and his colleagues to leverage their market-leading technology to further expand the business.”

About Ulterra

Ulterra is a leading provider of premium PDC drill bits and downhole tools for the oil and gas industry. Its strength resides in the experience and wisdom obtained from industry veterans, designing high-quality, high-performance PDC bits for global markets. Its localized focus enables Ulterra to respond quickly to customer’s specific applications with the newest technology on the market.
www.ulterra.com

About American Securities

American Securities is a leading U.S. private equity firm with approximately $15 billion under management.  Based in New York with an office in Shanghai, American Securities invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $200 million of EBITDA.

www.american-securities.com

Contact Information

For Ulterra, please contact:

Info@Ulterra.com

 

For American Securities, please contact:

Caroline Harris-Gibson

Prosek Partners

212-279-3115 x222

cgibson@prosek.com

Read more about the acquisition from American Securities here.


Oilfield Technology June 2016

Featured in the June issue of Oilfield Technology, Ulterra discusses how customized bit development for RSS reduces tool failure.

Most RSS tools are highly susceptible to failure due to vibration, which is one of the most common reasons the BHA must be tripped. Ulterra’s CounterForce® technology uses the cutting structure to reduce vibrations at the bit, which increases efficiency and reduces bit damage.

PDF_download_IconOilfield Technology June 2016


Ulterra Certified Repair Sticker

The API 7-1 Monogram is somewhat standard among major players in the industry, but Ulterra is very unique in that we include service (repair) in our API Q1 and ISO 9001 scope of registration, hence the reason you will now be seeing a “Certified Repair” sticker on the bit cans. The goal of these stickers is to highlight Ulterra’s commitment to having the highest quality PDC bits in the world.

PDF_download_IconCertified Repair Sticker


Ulterra Celebrates a Major Accomplishment with Operator in the Delaware Basin

By: Tyler Browder, National Account Representative

 

In previous months, the typical wellbore design for a major operator in the Delaware Basin had been a 3 string well utilizing a 13 ½” surface hole, 9 ⅞” intermediate, and 6 ¾” production. With the current down market, the operator like every other operator has been looking for other ways to bring down cost and have better efficiency. One way they sought partially increased performance was by bumping up to a bigger casing profile, yet still utilizing a 3 string well design by drilling a 16” surface, 12 ¼” intermediate, and 8 ½” production hole. They saw a large step change in performance in the 8 ½” production hole, but saw a substantial decrease in efficiency in the now 12 ¼” intermediate section. The performance change was great enough in the production hole to make the operator explore ways to optimize performance in the intermediate to make it more economical.

This new 12 ¼” deep intermediate was taking an average of 5 BHA’s to reach section Total Depth (TD), running almost every bit company possible and not seeing any positive results. After a hand full of wells, the operator dedicated the top part of the section to a competitor and the bottom hole (the demanding interval) to Ulterra’s U616M. The U616M had the fastest average ROP in the top section of the interval as well, but they saw faster instantaneous ROP with the competitor bit and thought they could improve and achieve a higher average…. that didn’t happen. Ulterra started looking into Rock Strength Analysis (RSA) and Electronic Drilling Recording (EDR) data to come up with an overall game plan of how to attack this interval. There were several meetings with the engineering team over this project which combined our bit knowledge with their overall knowledge of the application. Ulterra chose a bit and recommended parameters to try and achieve a more PDC friendly environment within this interbedded formation, reaching almost 30,000 KSI in some parts. Ulterra proved that the U616M was the fastest bit on the 1 trial run the operator had at the beginning of the program. We recognized that we could get much deeper with the U616M in the drill out BHA with optimized drilling parameters, coupled with the right bit design and cutter technology for the interval. Ulterra showed that if the operator can get deeper on BHA #1 the chances of achieving a 2-3 bit interval would be greatly increased due to the outstanding performance we were already seeing in the bottom section of the interval, and with the U616M dull conditions when pulled at section TD.

Ulterra did just that.

In the drill out, the U616M made it from 2,073 ft to 8,469 ft in one run at 113.2 ft/hr. In the previous offset well, the first competitor bit made it to 7,000 ft at 98 ft/hr, while the second tripped at 8,000 ft averaging 48 ft/hr. So with one bit Ulterra drilled 469 ft further and at a much faster pace than 2 competitor bits. Ulterra then went in for the second BHA in this interval and made it all the way to section TD at 10,193 ft at 111.2 ft/hr. With this well using 100% Ulterra it drilled 4.6 days faster than the average well of this design, and 2.27 days faster than the Best Demonstrated Performance (BDP) well. This was all achieved from a great transparent working relationship between the operator, the service company, as well as great bit designs from the men behind the scenes.


Ulterra Successfuly Completed the Annual API Quality Management System Audit

On January 15, 2016, Ulterra successfully completed the annual surveillance audit for maintaining the API Spec Q1 registration, ISO 9001, and API 7-1 Monogram license. The audit was a success and resulted in Ulterra being able to retain existing quality certifications. The API Spec Q1 and ISO 9001 registrations apply to the design, manufacture, and servicing of PDC matrix and steel body drill bits. Ulterra maintains these certifications to let our customers know that we are serious about the quality of our design, manufacture, and repair process of PDC drill bits.

  • The API Spec Q1 9th Edition registration means that Ulterra’s facilities conform to the quality system requirements of API Spec Q1, as confirmed by API.
  • The ISO 9001:2008 registration means that Ulterra’s facilities conform to the quality system requirements of ISO 9001, as confirmed by the APIQR (American Petroleum Institute Quality Registrar).
  • The API Spec 7-1 Monogram License means that Ulterra’s quality management system (QMS) is in compliance with API Spec Q1 and that Ulterra meets the technical product requirements of API Spec 7-1. The API 7-1 Monogram mark on products is a warranty by Ulterra to API and its purchasers that the marked products comply in every aspect with API 7-1 at the time of manufacture.

The API 7-1 Monogram is somewhat standard among major players in the industry, but Ulterra is very unique in that we include service (repair) in our API Q1 and ISO 9001 scope of registration. That means that we are the only major bit company to hold our repaired bits to the same high standards of new bits.

Ulterra API Spec Q1 Registration No. Q1-1858

Ulterra ISO 9001-2008 Registration No. 1989

Ulterra API Spec 7-1 Monogram License No. 7-1-1141

Ulterra API Spec 7-1 Monogram License No. 7-1-1199


Ulterra’s Fort Worth Manufacturing Facility Achieved 365 Days with No Recordables

Safety has always been an integral part of Ulterra’s mission since its inception. Over the past couple of years, Ulterra has implemented new initiatives and has placed increased emphasis on every aspect of its safety performance. The result of this emphasis had Ulterra announcing in the summer of 2015 that it had a full year of zero recordable incidents in its Fort Worth Repair & Steel Facilities.

The continued initiatives have resulted in a new and incredible safety milestone within Ulterra’s Fort Worth Manufacturing Facility by achieving 365 days with no recordable incidents as of October 30th, 2015. This was the first time Ulterra’s Fort Worth Manufacturing Plant has achieved this goal.

Ulterra would like to thank all of its plant employees for making safety a priority in their daily routine as this is just another stepping stone for Ulterra. This achievement was made possible by total commitment from not only the floor workers and machinists, but also the plant management and office personnel. The safety work performance of all of Ulterra shops is a continuous, combined effort from shop crews and management. Daily safety meetings are essential to ensure that everyone has a clear understanding of the potential hazards that accompany their jobs and how to resolve such hazards. With this dedication to a safety program, Ulterra looks forward to setting future safety goals.

Not only is safety improvement critical to the health and wellbeing of Ulterra’s employees, it shows to the industry that Ulterra takes pride in every detail of its company. While this is a great accomplishment to take pride in, Ulterra is already working towards year two with no recordables.