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Ulterra Drilling Technologies

Company Summary

Description

When Every Run Counts, you need a drilling-focused partner like Ulterra whose sole purpose is matching the right PDC bit with the right application to lower your drilling costs, reduce non-productive time and mitigate risk.

Website

http://ulterra.com/about/

Recent news

  • 7/5/2023 - Patterson-UTI Energy... (subscriber access)
  • 10/24/2018 - Blackstone Energy... (subscriber access)
  • 10/22/2018 - Blackstone Group to... (subscriber access)
  • 7/18/2016 - American Securities... (subscriber access)

Company Transactions

Date: 12/31/2018
Type: Acquisition

BUYERS:
  • Blackstone Group
    • SELLERS:
  • American Securities LLC
  • Ulterra Drilling Technologies
    • DETAILS:

    COST: 700 $MM

    NOTES:
    Blackstone Group will acquire Ulterra Drilling Technologies, a manufacturer of drill bits and downhole tools, for roughly $700 million from fellow private equity firm, American Securities.