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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.

Headquarters Address

Fort Worth, TX
United States

Main Phone Number

Transactions

Report Date Amount (MM) Description
2018-10-23 --

Blackstone Confirms Purchase Of Ulterra From American Securities

Blackstone Confirms Purchase Of Ulterra From American Securities

Report Date Amount (MM) Description
2016-07-18 $0.00

Private-Equity Firm Buys Ulterra Drilling Technologies

Private-Equity Firm Buys Ulterra Drilling Technologies

Report Date Amount (MM) Description
2012-08-14 $325.00

Esco Buys Ulterra

Esco Buys Ulterra

2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

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News

Following Acquisitions, Patterson-UTI Focused on Integration

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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.

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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.