Drilling Technology 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


An Operator in Canada Partners with Ulterra to Combat Challenges in Briar Ridge Field

Recently, an operator targeting the Montney formation in Canada, an extensive resource play that reaches across northwest Alberta and into northeast British Columbia, was challenged with a particular pad in the Briar Ridge field. Specifically, this operator experienced several instances of bit balling while drilling the upper formations with 6-bladed bit designs. This resulted in a significant loss in ROP and instances where a trip was required as the bit was unable to be fully cleaned to the point where drilling could not continue.

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SM Energy Teams up with Crescent Directional and Ulterra to Drill Longest Known Austin Chalk Well

A recent performance in the Austin Chalk formation helped set a higher standard for drilling in this formation. SM Energy, a leading oil and gas exploration company servicing Texas and the Rocky Mountains, recently teamed up with Crescent Directional and Ulterra while targeting this resource. Although durability was a major concern, SM Energy had a goal of reducing the number of trips in the lateral section while pushing the limits on ROP.

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An Operator in Lea County, NM Drills Their Longest Leonard Lateral While Saving 6 Days Downhole

Recently, an operator in Lea County, New Mexico was targeting the Leonard formation, a sub-unit of the Bone Spring formation located within the Delaware Basin with a goal of drilling their longest 8.5” lateral while saving time downhole. Typically, drilling a well of this length in this formation could take over 4 weeks to drill, with challenges faced especially in the lateral section demanding multiple bits to be employed to reach total depth.

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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).

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counterforce pdc bit

An Operator in the Southern Delaware Basin Drills their Most Efficient Well in Just ~16 Days, Utilizing Ulterra’s SplitBlade™ & CounterForce™ Technology

Ulterra has been afforded the opportunity to supply drill bits for the 12.25” section for a customer drilling in the Greater Permian Basin. The Ulterra team has commonly proposed their SplitBlade™ technology for this application, and it has proven to be an effective solution for this customer. Since running Ulterra, performance for this operator has been significantly boosted – saving time and money downhole.
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splitblade

New Downhole Data And Precise Engineering Boost Drill Bit Performance

For drill bit engineers, knowledge truly is power. By analyzing everything from why bits fail to how cutters interact with different formation types, they are responding to the trend toward longer laterals with solutions that drill faster and stay in hole longer to reach total depth in fewer runs. The newest generation bit designs help achieve simultaneous improvements in rates of penetration and footage drilled through more effective hydraulics, fine-tuned cutting structures and novel cutter elements. These innovations could not have come at a better time. As average lateral lengths continue to rise, so has the demand for efficient drill bits. Longer laterals and increased drilling in North America helped the worldwide bit market grow 20 percent in 2018 to reach $3.3 billion, according to Spears & Associates.

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Ulterra Leduc Facility

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.

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