Ulterra News

Ulterra’s SplitBlade™ Gets Selected as a Winning Technology in LAGCOE New Technology Showcase

FOR IMMEDIATE RELEASE – August 6, 2019

Ulterra is pleased to announce that LAGCOE leadership has declared the winners of its New Technology Showcase, and SplitBlade™ has been selected as a winning technology to be featured at the 2019 Technical Exposition and Conference held in New Orleans, Louisiana, USA on October 9th-11th. Ulterra is honored to stand alongside other winning companies to present their technology to the hundreds of exhibitors and thousands of attendees during this conference.

To read more about LAGCOE, visit www.lagcoe.com Read More

Ulterra Earns the ISO 14001:2015 Certification for Their Largest Manufacturing Facility in Fort Worth, TX

As Ulterra continues to expand manufacturing operations and capabilities both nationally and internationally, we are committed to increasing our focus on all aspects of health, safety, security, and the environment (HSSE). This increased focus has included taking the necessary precautions and commitments to develop and implement policies and an environmental management system (EMS) that comply with the standards developed by The International Organization for Standardization (ISO).

Ulterra Brings Matrix Drill Bit Manufacturing to Canada with the Expansion of their Canadian Manufacturing Facility

Leduc, Alberta, Canada, August 15, 2018 —

Ulterra Drilling Technologies, one of the world’s fastest growing suppliers of PDC drill bits for the oil and gas industry, has expanded their manufacturing facility in Leduc, Alberta, Canada. The addition of this facility is part of Ulterra’s overall strategy to increase manufacturing capabilities by 70% worldwide.

Ulterra’s Leduc Manufacturing Facility has Reached the Four-Year Mark with no Recordables!

Ulterra’s Health, Safety, Security, and Environmental (HSSE) team works hard to ensure a safe workplace for all employees. This is all made possible by managing business operations through an HSSE Management System that is consistently improving, as well as the “safety first” mindset that has been widely adopted by the Ulterra team. This year, Ulterra’s Leduc Manufacturing Facility reached four years with no recordable incidents.

Benny the Bit

An Original Ulterra Story

Benny the Bit is a 2018 children’s picture book created in-house at Ulterra. Originally released and created for Ulterra’s Family Fun Day, Benny the Bit helps illustrate the journey of a drill bit, Ulterra’s manufacturing process, and the secret power of teal. The creation of this book was driven by the desire to teach our employees’ young kids about what their parents do here at Ulterra and to create a bigger picture of the oil and gas industry that they can easily understand.
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Ulterra’s SplitBlade Wins the 2019 E&P Special Meritorious Award for Engineering Innovation

Ulterra is proud to announce that Hart Energy’s distinguished panel of judges have chosen SplitBlade™ as one of the winning technologies for the 2019 E&P Special Meritorious Awards for Engineering Innovation (MEA). The MEA recognizes new technologies that reflect excellence in innovation and practicality while having the potential to improve efficiency, safety, and profitability. MEA entries are judged based on the impact they have, both technically and economically, on changing and developing the energy industry.

Ulterra’s General Counsel, Jaimes Sher, Finds a Way

Ulterra’s general counsel joined the company right before its acquisition by Blackstone and threw himself into the hard work necessary to learn the company’s ins and outs

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

Aron Deen has consistently been a force for positive disruption within the oil and gas industry, and this approach has been evident in the innovative strategies he has launched as director of marketing and business development at Ulterra Drilling Technologies.

Ulterra PDC Bit and MORE Global Water Provision Story petey the pdc

Ulterra PDC Bit and MORE Global Water Provision Story Part 3

Petey, the PDC drill bit, was sent off to Kenya roughly a year ago and he is still helping to provide water to those in need. The chance to provide a drill bit to assist MORE came across us and we said, “YES,” to the opportunity to help the global water crisis. To read the full story of Petey’s journey traveling from Ulterra’s Manufacturing Facility to Kenya, view the post on More-Water.Org.

Where is Petey now? Well, he is still drilling roughly 15-20 ft per day and proudly reaching more water.

This story originally appeared on the More Blog.

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

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.