Energy Executive of the Year: Aron Deen, Ulterra Drilling Technologies LP

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Blackstone Announces Acquisition of Ulterra Drilling Technologies from American Securities

Blackstone Energy Partners Announces Acquisition of Ulterra Drilling Technologies from American Securities

Ulterra purchased by Blackstone

 NEW YORK, October 23, 2018 – Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies (“Ulterra” or the “Company”) from affiliates of American Securities LLC. American Securities and certain members of management will retain a minority equity interest in the Company going forward. Financial terms were not disclosed. The transaction is expected to close prior to year-end 2018.

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AADE Drill Bit Forum

Ulterra’s Aron Deen Discusses Technology at Drill Bit Forum

On June 20th of this year, the DFW chapter of the American Association of Drilling Engineers (AADE) hosted a Drill Bit Technology Forum at the Fort Worth Petroleum Club. The event was moderated by Fred Dupriest, Professor of Engineering Practice at Texas A&M University and retired Chief Drilling Engineer for ExxonMobile. The panel featured technical representatives from the top four U.S. market share companies: Ulterra, Baker Hughes, Halliburton, and Schlumberger.

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PDC bit durability XP by Ulterra

High-Durability PDC Bit Designed For Demanding Applications

XP™ Line of Extreme-Performance PDC Bits

August 2018, Fort Worth, Texas — Ulterra Drilling Technologies (Ulterra.com) recently introduced its XP line of extreme-performance PDC bits. These bits are designed to provide improved results in the toughest drilling applications, including hard rock, transition zones and highly interbedded lithologies.

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Innovative Incentive Program

Converting Operational Success to Business Success

Ulterra’s New Innovation Incentive Program

Ulterra has long focused on achieving operational success – from their lean manufacturing and supply chain to their rapid prototyping business model. In addition to focusing on operational success, Ulterra has introduced a new Innovation Incentive Program, further promoting the cultivation of new ideas enhancing their success.

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