By Colter Cookson
Human beings are exploring deep space, eradicating diseases, designing pilotless planes and cars, and placing horizontal wells with multi-mile laterals on target. Psychologists say we do so much in part because we all share a desire to accomplish big things.
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Born in the shale oil fields of Canada and the U.S., Ulterra Drilling Technologies emerged from the latest oil downturn stronger than ever. The Fort Worth firm is now a prime source of where drilling efficiencies come from.
On February 16, 2018, Ulterra completed the American Petroleum Institute (API) Recertification Audit of their Quality Management System (QMS) in Fort Worth, TX. Ulterra’s first API Certification was issued in 2012 and is set to expire in March 2018. Their 2018 audit of their QMS resulted in two minor findings and one opportunity for improvement. This audit was the most successful API audit that Ulterra has completed to date.
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.
Ulterra is pleased to have been featured in a recent Drilling Contractor article regarding emerging technologies and innovations in drill bits.
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.
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