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TRANSCRIPT
When Every Run CountsTM
The performance-driven PDC bit company
UNITED STATES CORPORATE 420 Throckmorton Street | Suite 1110 | Fort Worth, Texas 76102 | +1 817 293 7555
© Ulterra 2012. All Rights Reserved. | Ulterra is a registered trademark of Ulterra.
w w w. u l t e r r a . c o m
Ulterra is dedicated to maximizing the efficiency of oil and gas drilling operations through the use of cutting edge steel and matrix PDC bits and innovative application technologies. Throughout the world’s drilling basins we are building our reputation on proven
performance. When every run counts, let us show you how we can improve your drilling efficiencies and lower your costs.
When Every Run CountsTM
®
An ESCO® Oil & Gas Company
®
An ESCO® Oil & Gas Company
At Ulterra, we didn’t necessarily set out to become what a widely
respected oilfield research company christened the industry’s
“fastest growing drill bit company.” Then again, when you culti-
vate an organization around the cornerstones of credibility, client
responsiveness, flexibility, cost-saving technologies and custom-
ized solutions that are delivered faster than anyone else, it’s only
natural that clients take notice.
We’ve made promises in our vision to give the oil and gas industry
a different kind of drill bit company. A company that never follows
a one-size-fits-all approach. A company that puts a premium on
creativity. A company with the intrinsic agility and expertise to
quickly engineer a PDC bit solution tailored for your specific ap-
plication. A company where reliability and consistency are givens
and performance is paramount. A company like Ulterra.
Ulterra has the flexibility to react quickly to current industry and
technology trends. For you, that means faster and longer drilling,
lower cost-per-foot and reduced non-productive time (NPT) in the
most daunting applications. It also means having the assurance of
working closely with an innovative and performance-driven com-
pany when every run counts.
When Every Run Counts
Ulterra designs and manufactures high-performance PDC
bits and downhole tools for the global oil and gas industry.
The Ulterra Advantage • Fastandeffectivecustomerresponse• Modernmanufacturingfacilities• Consistentquality• PDCbitsthatdelivermorefootage,faster• Includestheindustry’smosttalentedPDCbitexperts• Latestengineeringtoolsforcost-effectiveapplications
®
An ESCO® Oil & Gas Company
2011Ulterra named “the fastest growing drill bit company” in 2011 Oilfield Market Report
When Every Run Counts
2011Introduced INERTIA friction reduction tool
2011Ulterra establishes curve drilling bit record in Haynesville Shale
2012Developed industry-recognized LightSpeed cutter development process
2012An Ulterra 8 3/4-in. U616M PDC bit drills entire Eagle Ford well at record ROP
2012More history in the making . . .
Founded in 2005, Ulterra today
has 400 employees, representing
over a dozen nationalities, many
of whom are the industry’s most
talented PDC bit specialists.
Engineering and manufacturing
are conducted at our Fort
Worth, Texas, USA corporate
headquartersandinLeduc,
Alberta, Canada. We also have
an engineering presence and local
representatives on the ground
inMexico,Colombia,andthe
MiddleEast/NorthAfrica,which
comprise our primary areas of
operation. Ulterra is structured
as a streamlined organization
with decisions made at a local
level, cutting out the bureaucracy
prevalent in larger bit companies.
2005 Ulterra created with head quarters and primary manufacturing plant in Fort Worth, TX
2009Ulterra remains strong through the downturn by retaining personnel and doubling production capacity ahead of market recovery
2008The widely accepted UD513 PDC bit is introduced in US market
2010Growth initiatives expand with operations in Oman and establishment of representative entities in Latin America
2007 Acquired United Diamond and manufacturing facility in Alberta, Canada adding a full line of PDC bits, TorkBuster and TruGauge downhole tools
2005Immediately employed some of the industry’s most acclaimed PDC bit experts for sales, engineering, manufacturing and operations
®
An ESCO® Oil & Gas Company
Ulterra applications engineers are placed close to the
customer at the district level. Working in concert with
Ulterra field representatives, they ensure all customer re-
quirements and objectives are clearly understood and the
correct technologies are applied that meet their goals. To
optimize performance, our sales engineers are equipped
with the very latest analytical and application tools.
• Performance Database for capturing well and offset run data places vital information at the fingertips of our sales teams.
• Ulterra RAP–UP reports provide customers recaps of recent bit performance and helps ensure continuous product improvement in the client’s drilling application.
• Rock Analysis helps the sales and applications engineers better understand the customer’s drilling environment to ensure proper application of the latest technologies.
• Cypher Application Database captures analytical knowledge of drilling applications and defines project engineering objectives in terms of customer needs.
• PerformanceChartMaker(PCM)allowsfieldpersonneltoquickly conduct a comparative performance analysis of our productsandthoseofcompetitors.ThePCMisunrivaledinthe oil and gas drilling industry.
When Every Run Counts
Ulterra Field Services ®
An ESCO® Oil & Gas Company
Ulterra engineers employ the very latest technologies, including
advanced computer-aided design (CAD), to develop reliable bits
that consistently meet and exceed customer requirements.
• Solid Modeling Design – Our engineers use 3D modeling design tools (CAD) to accelerate design and ensure that consistent high quality precision is built into every bit. Verification of the designer’s intent is followed by an automated process that creates the drawing packages for production. This design tool guarantees unequaled precision and design repeatability.
• Computational Fluid Dynamics (CFD) – The use of CFD analysis in the design process balances fluid flow, cutter cooling and erosion to reduce bit balling tendencies and bit body erosion.
• Blade Strength Calculation– Each bit design undergoes a complex mathematical process to optimize blade strength and geometry. The physical and geometrical characteristics of each blade are adjusted to optimize blade integrity and cuttings flow.
• Work Curve Analysis– Ulterra helps optimize drilling efficiency by analyzing the workload of every cutter, thereby reducing cutter imbalance to ensure a configuration with even workload distribution.
Ulterra Design Engineering
When Every Run Counts
State-of-the-art cutters delivered at LightSpeed™
LightSpeedistheexclusiveprocessUlterradeveloped
to ensure you always receive the latest generation
cutter – the lifeblood of any high performing PDC bit.
TheresponsivenessandflexibilityinherentinLightSpeed
means Ulterra can consistently deliver the most reliable
PDC bits in the market, often well before the competitors
have completed field trials. That means you are assured
that every bit arriving on your location will be a new design
customized for your application. No longer do you have
to wait for an overstocked inventory to be whittled down
before receiving the most advanced technology.
What’s more, Ulterra has been recognized as having not
only the fastest, but the most thorough and quality-focused
testing procedure in the industry. The result is two families
of PDC cutters engineered for specific applications.
Product Development
LightSpeed Xti delivers exceptional impact resistance for extended reach and similarly demanding drilling applications.
LightSpeed Xta offers the utmost in abrasion resistance, making it ideal for hard-rock and high-temperature drilling, particularly in the shale plays.
Abrasion Resistance
EarlierGeneration
LightSpeed XTi
Impa
ct To
ughn
ess
LightSpeed XTa
®
An ESCO® Oil & Gas Company
At our manufacturing facilities in Fort
WorthandLeduc,Ulterrautilizes
unique and proprietary simulation
software that pre-qualifies every aspect
of the design before it goes to milling.
This exclusive process guarantees
reliability and consistency in every bit.
Manufacturing, Quality Systems and Certifications
When Every Run Counts
All bits are subjected to a
rigidQualityManagement
System(QMS)toguarantee
they comply with our proven
procedures, from raw
materials all the way through
manufacturing and post-run
repair. Our Texas and Alberta
manufacturing plants comply
with the stringent quality
assurance requirements of ISO
9000, API Specification Q1
andISO/TS29001.
Once the simulation software validates
the design, sophisticated Computer Aided
Manufacturing(CAM)technologyisused,
employing new-generation 5-axis milling
machines. This process allows faster bit
production with tooling of more precise
dimensions and consistency.
®
An ESCO® Oil & Gas Company
Ulterra Product Mix
Matrix Body PDC Bits
Proprietary mold technology, fully integrated manufacturing, application specific matrix blends and premium cutter offerings define the performance of our Matrix product line. With several hundred field proven designs, our premium matrix body PDC bits are designed for traditional, rotary, motor and directional applications in both soft and hard rock formations.
TorkBusterTM
The TorkBuster dramatically reduces bit related torque and stick-slip problems adding significant efficiency to drilling operations and thereby reducing costs.
Steel Body PDC Bits
Our steel body product line drills harder, firmer formations at a higher rate of penetration than conventional PDC products. The shankless, single piece bits feature a flat profile that optimizes depth-of-cut from bit center to gauge. These versatile bits drill from well spud to surface casing drill-out and beyond.
INERTIATM Friction Reduction Tool
The INERTIA tool generates lateral vibration into the drill string to reduce friction. Its ability to add friction-reducing vibration into a drill string can enhance weight transfer to the bit, alleviate torque and drag effects in the string and aid in drilling efficiency.
TruGauge
The TruGauge tool features a short near bit stabilizer designed specifically to achieve a better quality well bore by reducing hole spiraling and increased directional control by changing the location of the BHA contact points.
Run $/Meter
Ulterra Average Offset (6)
300
400500
600
700
100
200
0
Ulterra PDC bit saves operator over $500,000
For the first time, a single Ulterra bit has drilled the entire
intermediate section in the Tattoo field. An 8.50” (216mm)
U513Mdrilledboththeverticalandbuildsectionswiththe
same bottom hole assembly, saving the operator two trips
and $72 per-meter versus the best offset and $570,000 when
compared to the average of six section offsets in the field.
New bit drills entire Eagle Ford well at record ROP
AnewgenerationU616M,8.75”matrixPDCbitdrilledthe
wellfromsurfacecasingtoTDatarecordpaceof93ft/hr.
The six-bladed bit drilled the vertical, curve and lateral inter-
vals, comprising a total of 9,953 ft in 107 hours. The custom-
er realized a cost savings of $73,566 compared to the direct
offset and an impressive $133,024 savings when compared
to the average of five competitor offsets.
Ulterra Bit Sets Record in the Granite Wash
A12.25”U616M,six-bladematrixPDCbitwith16mmcutters
setaRogerMillsCountyfootagerecordinwesternOklahoma.
The Ulterra bit drilled 7,065 ft. from surface casing down to a
depth of 8,115 ft., saving the operator an estimated $44,500
versus the closest offset and creating a savings of $88,500
when compared to the average of five offset wells.
Ulterra bit drills shoe to TD with one bit
In a section normally drilled with two bits, a single 12.25”
Ulterra bit drilled the vertical, kick-off and build sections on a
single slick assembly. The U1969S’s ability to drill the entire
section saved the operator $81,300 when compared to the
average offset section cost. When Every Run Counts
Ulterra PDC bits have established
total footage and ROP records in
some of the world’s hardest and
most abrasive formations. From
Saudi Arabia to Colombia, Ulterra
products are helping operators
reduce overall drilling costs.
Hours
Ulterra Fastest Competitor
6080
100120140160
2040
0
Section $/ft.
Ulterra Average Offset
30
4050
60
70
10
20
0
Field Results
Cost-per-foot ($/ft.)
Ulterra Offset Well
405060708090
100
2030
0
Canada
Qatar
Oklahoma
Texas
10
Offset Well
®
An ESCO® Oil & Gas Company