Drilling Technology News

Drilling in Western Egypt

Drilling with Bapetco, a joint venture between Shell and the Egyptian General Petroleum Cooperation, in Western Egypt involves drilling through multiple formations in the 12.25” and 8.5’’ sections. Starting off with chalky limestone in the Apolonia and Khoman formations in the 12.25” section, then interbedded formation in Abu Rawash Members (shale, limestone, and sandstone), and finishing the hole in the Bahareya in a sandstone formation in the 8.5’’ section. Typically, in this area, it takes at least one bit per section on a motor or RSS assembly to complete the well.

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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 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.

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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

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Ulterra Discusses Drill Bit Design in Oilfield Technology Magazine

Oilfield Technology invited experts from BHGE, ULTERRA, and VAREL to share their knowledge on a variety of drill bit design topics. Ulterra weighed in to share their expertise on a variety of topics.

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Air drilling technology is considered to be a cost-effective drilling method for operators – requiring minimal cleanup and disposal of fluid on the surface. Another huge benefit of air drilling is that it’s faster, but operators usually only drill the first 30-40 degrees of the curve on air.

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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.

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

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 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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