Tag Archives : Ulterra


Ulterra introduces CounterForce

FORT WORTH, Texas, April 21, 2013 /PRNewswire/ — Ulterra today announced the introduction of CounterForce, a breakthrough in PDC bit design technology that utilizes a unique cutter configuration that lowers bit torque and vibration, thus creating more efficient failure of rock. Unlike traditional PDC bits, the cutters of this patent-pending, step-change advancement in new PDC technology work together to lower lateral vibration and increase crack propagation. The CounterForce cutting structure is engineered to slice through rock while maintaining a more consistent torque signature thus increasing stability and ROP. CounterForce technology improves drilling efficiency and is being incorporated into many Ulterra PDC designs.

Early field runs have shown CounterForce-designed U519M bits drilling with improved toolface control and sliding ROP. In an Eagle Ford tangent drill-out interval, a CounterForce bit set a rig ROP record drilling 41% faster than the closest offset, saving the operator 15 hours and $50,000. In a Permian Basin Wolfcamp lateral, a CounterForce run finished the lateral a dramatic 42% faster ROP than direct offsets, saving the operator an entire day of drilling. Hundreds of field tests, drilling nearly a million feet in multiple applications and plays across North America, validate that CounterForce technology consistently reduces torque and vibration problems and improves directional performance and dull conditions.

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.


Ulterra joins ESCO Corporation

August 31, 2012

ESCO Corporation, a leading designer and manufacturer of highly engineered wear products for the mining, infrastructure, power generation, aerospace and industrial industries, today announced that it has completed the previously announced acquisition of all the outstanding equity interests of Ulterra Drilling Technologies, L.P. for $325 million in cash.

Headquartered in Fort Worth, Texas, Ulterra designs and manufactures polycrystalline diamond compact drill bits used in the construction of oil and gas wells. The acquisition of Ulterra provides ESCO with entry into the oil and gas industry and complements ESCO’s existing businesses in the development of wear solutions.

“At ESCO, we are looking for businesses that share our strategy of providing customers with highly engineered, quality wear parts and solutions,” said Cal Collins, President and CEO of ESCO Corporation. “Today, we add Ulterra as a strong and important part of our growth strategy. Its product offering and expanding global presence makes it an ideal addition to ESCO. Ulterra has an exceptional team and culture and shares ESCO’s customer focus and commitment to quality.”

As part of the acquisition, more than 400 people will join ESCO. Ulterra has manufacturing operations in Fort Worth, Texas and Leduc, Alberta, Canada. Ulterra will operate as a division of ESCO and Johnny Everett will continue to lead the organization as division President


Expansion into the Gulf Coast and Gulf of Mexico

Ulterra has opened a new stock point in Hammond, LA.  The new center is strategically located just 46 miles east of Baton Rouge and 58 miles north west of New Orleans and will support drilling activity in Mississippi, Alabama, South Louisiana and Gulf of Mexico.  Ulterra’s new Gulf coast operations will be led by Rob Smith, an experienced and respected drill bit supplier.  He will oversee the new location, which will offer a full line of matrix and steel body PDC bits designed specifically for Gulf Coast applications.  Staffing the Hammond stock point will be experienced personnel with an intimate knowledge of local drilling.  Utilizing the latest analytical tools, the Ulterra staff will ensure all customer requirements are clearly understood and the correct bits are applied to optimize their operations.  In addition, Ulterra will soon open a stock point in Lake Charles, LA.  With the addition of the Hammond and Lake Charles stock points, Ulterra now has six people, each with over 30 years of experience, supporting our customer’s Gulf Coast and Gulf of Mexico operations.

Ulterra is a leading provider of premium PDC drill bits and downhole tools for the oil and gas industry.  Ulterra’s 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 customers’ specific applications with customized solutions.