Partnering with Weatherford to design a bit tailored for their Revolution® RSS tool in the Eagle Ford, Ulterra set back to back to back world footage records using the 8.75” U516M CounterForce®. Continued Partnership with Weatherford’s Revolution RSS has led to huge improvements in vibration and torque, which has drastically reduced the chance of tool failure.
In its mission statement, Ulterra states that it strives to be the most trusted employer and supplier of drill bits. That trust given to Ulterra by its employees is not taken lightly, and one of the ways Ulterra shows its commitment is through their dedication to safety. This can be seen through recent press releases regarding safety milestones within its Fort Worth manufacturing facility. Read full story here
As seen in the American Oil & Gas Reporter in the April 2016 issue, Ulterra discusses recent success when partnering with rotary steerable companies to match our bits to their tools. Adding CounterForce® to customized bit designs reduced drilling vibrations and increased ROP on both PowerDrive and AutoTrak™ systems.
In the past six months, operators drilling in the Wolfbone area of the Delaware Basin have been looking more to rotary steerable systems (RSS) to reduce the time spent drilling lateral wells. RSS have become a more affordable option due to their reduced cost in the down market.
The API 7-1 Monogram is somewhat standard among major players in the industry, but Ulterra is very unique in that we include service (repair) in our API Q1 and ISO 9001 scope of registration, hence the reason you will now be seeing a “Certified Repair” sticker on the bit cans. The goal of these stickers is to highlight Ulterra’s commitment to having the highest quality PDC bits in the world.
In previous months, the typical wellbore design for a major operator in the Delaware Basin had been a 3 string well utilizing a 13 ½” surface hole, 9 ⅞” intermediate, and 6 ¾” production. With the current down market, the operator like every other operator has been looking for other ways to bring down cost and have better efficiency. One way they sought partially increased performance was by bumping up to a bigger casing profile, yet still utilizing a 3 string well design by drilling a 16” surface, 12 ¼” intermediate, and 8 ½” production hole.
On January 15, 2016, Ulterra successfully completed the annual surveillance audit for maintaining the API Spec Q1 registration, ISO 9001, and API 7-1 Monogram license. The audit was a success and resulted in Ulterra being able to retain existing quality certifications. The API Spec Q1 and ISO 9001 registrations apply to the design, manufacture, and servicing of PDC matrix and steel body drill bits. Ulterra maintains these certifications to let our customers know that we are serious about the quality of our design, manufacture, and repair process of PDC drill bits.
Safety has always been an integral part of Ulterra’s mission since its inception. Over the past couple of years, Ulterra has implemented new initiatives and has placed increased emphasis on every aspect of its safety performance. The result of this emphasis had Ulterra announcing in the summer of 2015 that it had a full year of zero recordable incidents in its Fort Worth Repair & Steel Facilities.
Ulterra’s Latin America team has made huge strides over the past few years in attracting new customers and gaining market share. Last year, Ecopetrol in Colombia awarded Ulterra with its 2nd highest contract with 25% of their bit runs.