FORT WORTH, Texas, Nov. 11, 2013 /PRNewswire/ — Ulterra announced today the availability of PDC bits incorporating the next generation FastBack technology.
Unlike traditional PDC bits, FastBack designed bits utilize a unique blade configuration that supports the cutters in a minimalist fashion. Its smaller profile eliminates wasted energy pushing a bit’s blade surface, focusing all energy on the diamond cutting surfaces. This efficiency improvement is already paying operators dividends where a Fastback bit drilled a Marcellus well 56.8% faster.
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.
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.
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.