Drilling Technology News


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.

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blackstone purchases ulterra

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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Breast Cancer Awareness Month, A Survivor’s Story

On behalf of Terri Parker, we’d like to share her story of hope, fight, and determination with everyone. Terri shared this story with Brock Vasu, an Ulterra Field Representative, and he kindly passed it along to us.

Receiving this story in our inbox was a true reflection of the “why” for why we participate in raising awareness for breast cancer, and other causes throughout the year. Our mission with partnering with different organizations is to provide real value to their cause and to genuinely provide support and raise awareness in the oil and gas industry. It’s personal because cancer is personal, and oilfield is family.

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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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SplitBlade™, 2018 World Oil Award Finalist for Best Drilling Technology

Ulterra’s Leading Technology

For more than 100 years, World Oil has provided readers with the latest coverage on drilling, exploration, completion, and production of onshore and offshore oil and gas. For the last 17 years, World Oil has honored the upstream industry’s innovators and innovations. This year, World Oil received a record-setting 285 nomination submissions, and Ulterra’s SplitBlade™ technology is a finalist for the Best Drilling Technology Award.

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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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