Drilling Technology News

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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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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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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Fort Worth, TX (September 27, 2018) — Ulterra is proud to announce their local sponsorship of the Lockheed Martin Armed Forces Bowl (LMAFB) that will include being the title sponsor of the LMAFB’s Tailgate Outpost.

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“I am really passionate about all aspects of the drilling industry,” Dr. Babak Akbari said, “and Ulterra is the place to maximize that.”

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Leduc, Alberta, Canada, September 1, 2018 —

Ulterra, LP is a PDC bit company that is partnering with Childhood Cancer Canada (CCC) to help raise awareness for children fighting cancer across Canada. CCC is the leading national organization dedicated to the fight against childhood cancer.

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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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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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Ulterra’s New Innovation Incentive Program

Ulterra has long focused on achieving operational success – from their lean manufacturing and supply chain to their rapid prototyping business model. In addition to focusing on operational success, Ulterra has introduced a new Innovation Incentive Program, further promoting the cultivation of new ideas enhancing their success.

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