Ulterra News


Blackstone Announces Acquisition of Ulterra Drilling Technologies from American Securities

Blackstone Energy Partners Announces Acquisition of Ulterra Drilling Technologies from American Securities

Ulterra purchased by Blackstone

 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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Leduc Safety HSSE

Ulterra’s Leduc Manufacturing Facility Has No Recordable Injuries for Three Years

According to the Workers’ Compensation Board of Alberta, the manufacturing, processing, and packaging sector had the highest injury claim rates in 2016. In this sector, the odds of being injured were about every three out of 100 workers. Ulterra’s Leduc Manufacturing Facility has beat those odds, and are proud to announce that their Leduc manufacturing facility has had no recordable injuries for three years.

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AMERICAN PETROLEUM INSTITUTE (API) RECERTIFICATION AUDIT OF THEIR QUALITY MANAGEMENT SYSTEM (QMS)

Ulterra Completes the American Petroleum Institute (API) Recertification Audit of their Quality Management System (QMS)

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.

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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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LAGCOE winners for new technology

Ulterra’s Showcase at LAGCOE 2017

Ulterra was pleased to attend and showcase at the Louisiana Gulf Coast Oil Exposition, or LAGCOE. LAGCOE is one of the world’s premier oil and gas expositions featuring innovative equipment, services, technology, and presentations from worldwide leaders. This event happens biennially and Ulterra was able to make their first attendance a groundbreaking one.

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