About Ulterra
Ulterra is a company based in Fort Worth (United States) founded in 2005 was acquired by Patterson-UTI Energy in July 2023. Ulterra offers products and services including PDC Drill Bits, CounterForce, Split Blade, and Downhole Tools. Ulterra operates in a competitive market with competitors including Nabors, Pason, Enhanced Drilling, Reelwell and Verdande Technology, among others.
- Headquarter Fort Worth, United States
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Ulterra Drilling Technologies, L.P.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Patterson-UTI Energy
& 3 more
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Employee Count
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- Acquired by
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Products & Services of Ulterra
Ulterra offers a comprehensive portfolio of products and services, including PDC Drill Bits, CounterForce, Split Blade, and Downhole Tools.
Tools for efficient oil and gas drilling with vibration control
Drill bits that limit vibration for better drilling performance
Enhances cuttings evacuation in drilling operations
Improves drill string survivability and prevents stick-slip
People of Ulterra
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Sales and Marketing
5 people
Leadership Team
4 people
Finance and Accounting
2 people
Operations Team
1 people
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Funding Insights of Ulterra
Investors in Ulterra
Ulterra has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Patterson-UTI Energy, Blackstone and American Securities.
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Amberjack Capital Partners is engaged in private equity investments.
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Diversified investment management is provided across multiple asset classes.
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Investor details for Ulterra
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Investments & Acquisitions by Ulterra
Investment portfolio details for Ulterra
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Financial Statements - Ulterra
Detailed financials for Ulterra
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Ulterra Comparisons
Peer comparison for Ulterra
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Competitors of Ulterra
Ulterra operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nabors, Pason, Enhanced Drilling, Reelwell and Verdande Technology, among others.
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Cloud and app-based onshore and offshore drilling solutions are provided.
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Integrated drilling data solutions are provided for real-time optimization.
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Technology solutions for drilling industry
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Dual Drill String technology solution for oil and gas drilling industry
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Provider of real-time drilling decision support for oil and gas industry
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Detailed competitors of Ulterra
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Latest news on Ulterra
Complete news archive for Ulterra
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Frequently Asked Questions about Ulterra
Ulterra was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Ulterra is headquartered in Fort Worth, United States. It is registered at Fort Worth, Texas, United States.
Founded in 2005 and headquartered in Fort Worth, United States, operations focus on the oil and gas sector. Steel-body and matrix PDC drill bits are designed, manufactured, and rented for well construction. Proprietary stick-slip reduction tools are also developed to support drilling efficiency. Primary markets are served in the United States and Canada.
Ulterra offers PDC Drill Bits, CounterForce, Split Blade, and Downhole Tools.
Ulterra has 4 investors. Key investors include Patterson-UTI Energy, Blackstone, American Securities, and Amberjack Capital Partners.