Drilling Technology News

oil rig count

73 Rigs Today are More Efficient Than 105 Rigs Several Years Ago?

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.

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bottom hole assembly downhole tools

Bottom Hole Assembly 101

Bottom Hole Assembly or BHA

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.

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weight on bit WOB

Weight On Bit – WOB

What is Weight on Bit or WOB?

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.

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oil demand peak

Oil Demand Peak: Have We Seen It Yet?

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.

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Fort Worth Mayor International Luncheon

Ulterra Featured at Fort Worth Mayor’s International Luncheon

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.

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Launching SplitBlade for Improved ROP Through Cuttings Evacuation

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.

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directional drilling

Directional Drilling – Where to Begin

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.

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