About Ulterra
Ulterra is an Energy & Utilities company based in Fort Worth (United States) founded in 2005, and was acquired by Patterson-UTI Energy in July 2023. Manufacturer of polycrystalline diamond compact drill bits. Ulterra offers products and services including PDC Drill Bits, CounterForce, Split Blade, and Downhole Tools. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Downhole. Its legal entity is ULTERRA DRILLING TECHNOLOGIES, L.P. Its competitors include Motive Drilling and Scientific Drilling; 1 of its 2 listed competitors has raised funding.
Company details
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.
- Headquarters Fort Worth, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website ulterra.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Patterson-UTI Energy (Jul 2023)
- Legal Name Ulterra Drilling Technologies, L.P.
- InvestorsPatterson-UTI Energy
& 3 more
- Acquired by
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
Apps and channels of Ulterra
its YouTube channel Ulterra Drilling Technologies has 6.18K subscribers and 30 videos.
Videos from Ulterra
The most watched videos on Ulterra's YouTube channel, Ulterra Drilling Technologies (6.18K subscribers). Click a video to play it here.
More on Ulterra Drilling Technologies.
Funding Insights of Ulterra
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Ulterra with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2007 | Private Equity Round | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Amberjack Capital Partners is engaged in private equity investments. | 2006 | amberjackcapital.com | Houston, United States | |
Diversified investment management is provided across multiple asset classes. | 1985 | blackstone.com | New York, United States | |
Private equity firm | 1994 | american-securities.com | New York, United States | |
Manufacturer of polycrystalline diamond compact drill bits | 1978 | patenergy.com | Houston, United States |
Investor details for Ulterra
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Ulterra
12 people are tracked at Ulterra (8 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Bill Stark | Senior Vice President Of The Americas | Leadership |
Rocky Frazier | Vice President Of Manufacturig | Leadership |
Mitch Dunham | Vice President Sales And Operations US | Leadership |
John Clunan | CEO | Leadership |
Hossam Ayyad | Vice President - International Operations | Leadership |
Chris Casad | Vice President Of Communications & Business Development | Leadership |
Maria Mejia | Executive Vice President | Leadership |
Hugo Restrepo | VP Of Finance | Leadership |
Donald Stroh | US Sales Expert | Team |
David Desormeaux | Sr. Sales Engineer | Team |
Casey Bowman | Field Sales Superintendent | Team |
Jonathan Hooper | Senior Business Financial Analyst | Team |
Complete people profiles for Ulterra
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Timeline of Ulterra
5 dated milestones of Ulterra across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Ulterra is founded.
- Funding First funding round.
- Exit Acquired by American Securities.
- Exit Acquired by Blackstone.
- Exit Acquired by Patterson-UTI Energy.
Competitors of Ulterra
Ulterra has 2 listed competitors in our database, 1 of them funded. They include Motive Drilling and Scientific Drilling.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| motivedrilling.com | 2015 | Dallas, United States | $10.5M | Machine intelligence is utilized for real-time directional drilling guidance. | ||
| scientificdrilling.com | 1969 | Houston, United States | 1,098 | Offers drilling motors, MWD systems, and wellbore surveying for energy sector. |
Detailed competitors of Ulterra
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Web traffic of Ulterra
The website of Ulterra (ulterra.com) receives about 8.7K visits a month.
- Monthly visits8.7K
▲ 7.2% vs previous month
Websites whose visitors overlap most with Ulterra. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bakerhughes.com | 100% | 987K | #54,684 | View details | |
| slb.com | 100% | 1.8M | #25,890 | View details | |
mgbuildingmaterials.com | mgbuildingmaterials.com | 57% | #834,387 | – | |
holeproducts.com | holeproducts.com | 43% | #844,684 | – |
Top companies in Oil & Gas Technology Solutions
3 companies that operate in the same segment as Ulterra (Oil & Gas Technology Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 6.67 B | 1,820 | ||
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M |
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Related news about 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's top competitors include Motive Drilling and Scientific Drilling.
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.
Ulterra operates through Ulterra Drilling Technologies, L.P..
Yes. Ulterra was acquired by Patterson-UTI Energy in July 2023.