Ulterra Drilling Technologies LP
About
Headquartered in Fort Worth, Texas, Ulterra is a leading manufacturer of PDC drill bits to the oil and gas sector. The Company has nearly 250,000 square feet of engineering, manufacturing and service space in Fort Worth, Texas, Leduc, Alberta in Canada and global locations in Oman, Colombia, Argentina, Kurdistan, and is soon to open in Saudi Arabia. With locations all throughout the United States, Canada, and international, Ulterra’s field service locations are conveniently located near the drilling activity to provide direct support for your drilling operations.
In October 2018, Blackstone Energy Partners entered into binding agreements to acquire a controlling, majority interest in Ulterra from affiliates of American Securities LLC.
Editor's note: Updated June 4, 2020.
Transactions
Blackstone Confirms Purchase Of Ulterra From American Securities
Blackstone Confirms Purchase Of Ulterra From American Securities
Private-Equity Firm Buys Ulterra Drilling Technologies
Private-Equity Firm Buys Ulterra Drilling Technologies
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News
Patterson-UTI Boosts Bottom Line with OFS Acquisitions
Less than a year out from the closing of its merger with NexTier and its acquisition of Ulterra Drilling Technologies, Patterson-UTI is taking strides not to be the latest has-been.
Following Acquisitions, Patterson-UTI Focused on Integration
Patterson-UTI CEO Andy Hendricks is optimistic about rig recovery in 2024, and he says frac fundamentals remain strong.
Precision Drilling Expands in US, Canada with CWC Energy Services Acquisition
Precision Drilling Corp. is expanding its U.S. and Canadian drilling fleet by acquiring fellow Calgary player CWC Energy Services.
Patterson-UTI Closes $780MM Ulterra Drilling Technologies Deal
Patterson-UTI acquired Ulterra Drilling Technologies from affiliates of Blackstone Energy Partners in a cash and stock deal valued at about $780 million.
A&D Minute: Companies Shore Up Assets, Streamline Operations [WATCH]
In this week's A&D Minute, companies merge, shore up their balance sheet and shift away from fossil fuels.
Analysts: Patterson-UTI M&A May Continue After NexTier, Ulterra Deals
Patterson-UTI’s cash-and-stock acquisition of Ulterra Drilling Technologies enhances PTEN’s position in the drilling and completions market. After the recent merger announcement with NexTier, analysts wonder if PTEN might pursue more M&A.
Patterson-UTI to Acquire Global Drill Bit Company Ulterra
The deal to buy Ulterra for about $780 million followsPatterson-UTI Energy’s announced merger in June with NexTier Oilfield Solutions Inc. for $5.4 billion.
Houston-based NESR Continues to Strengthen Middle East Offerings with New Partnership
NESR has made several organic and inorganic long-term investments to grow its drilling and evaluation services segment.
E&P Spotlight: Managing Transitional Drilling Challenges
A new active torque cutting structure is saving millions of dollars in transitional drilling applications for oil and gas operators.
Innovation Grows Exponentially For Downhole Drilling Tools
The latest in rotary steerable systems, drillbits, expandable liners, LWD and unconventional logging tools is cutting costs and providing valuable downhole data to operators.
Going Deep
Operators are applying new PDC bit technology to combine sections and drill record wells.
Winners Of The 2019 Special Meritorious Awards For Engineering Innovation
The E&P editors and staff proudly presented the winners of the 2019 Special Meritorious Awards for Engineering Innovation in May at the Offshore Technology Conference in Houston.
25 Influential Women In Energy: Maria Mejia, Senior Vice President & CFO, Ulterra Drilling Technologies
We conclude our 25 Influential Women in Energy interviews with Maria Mejia, senior vice president and CFO, Ulterra Drilling Technologies LP.