According to RigZone, the total count of US oil rigs reached 799 which is the highest count since April 2015. Although this number has been steadily increasing for the past five weeks, the drilling industry has not seen a rig count that can compare to the peak of 2014. While the industry yearns to get back to higher rig counts, the advancement of technology has replaced the need for it.
The Bottom Hole Assembly (BHA) is a key component of the drilling system, consisting of various components and tools (including the drill bit itself) which operate at the bottom of the wellbore and physically drill the rock.
An essential part of the drilling process is adding force to the drill bit in order to successfully break the rock. Weight on the Bit, or WOB, is the amount of downward force exerted on the drill bit provided by thick-walled tubular pieces in the drilling assembly that are known as drill collars. The downward force of gravity on these steel tubes provide force for the drill bit in order to effectively break the rock.
Tuesday, January 16, 2018, marked 1,000 days since a recordable incident within Ulterra’s Leduc Manufacturing Plant! This milestone is a reminder of Ulterra’s hard-working team, safe working environment, and effective Health, Safety, Security, and Environmental (HSSE) policies.
The topic of oil supply and demand has always ridden a roller coaster of speculation. Lately, the discussion has shifted from peak oil supply – the idea that we have reached or are reaching the maximum level of oil production possible – to peak demand. However, most view the topic and commodity that is ‘oil’ much differently than they do the broader concept of energy.
Ulterra Drilling Technologies is based in the heart of downtown Fort Worth which is considered one of the fastest growing cities in the United States. Fort Worth has continued to grow within the last two years making it 7th in U.S. population growth leaving tons of room for economic development. There are many big name companies that call Fort Worth home like Ulterra.
Ulterra Drilling Technologies has proudly launched SplitBlade™ as the new SPL product line. Ulterra’s objective is to bring attention and focus to all of their differentiating technologies and the value they create to customers. This nomenclature will help further cement Ulterra’s reputation as an industry leader in innovation, new technology, and performance in the field. Also, the nomenclature will help with the easy identification of advanced pdc bit technology.
Most people would assume that when drilling for water, oil, natural gas, or other subsurface objects that they are targeted vertically — drilled straight down into the earth. However, this traditional method of drilling has been largely replaced.
We love the second chapter of this story and are proud to have played a part in MORE’s efforts to address the global water crisis. This story first appeared on the https://more-water.org site. It’s a great read from the perspective of an Ulterra PDC bit.