All Rights Reserved. Our asset management businesses, with approximately $457 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. American Securities and certain members of management will retain a minority equity interest in the Company going forward. Widely recognized as the fastest growing drill bit company in the world, Ulterra is the bit supplier of choice when drillers require a partner with un-matched credibility and a commitment to excellence. Send Message. . Rising E & P activities in deep-sea bed associated with drilling and completion efficiencies is resulting in maximization of production rates by industry participants. 5 Production, Revenue . Blackstone Group has agreed a deal to acquire Ulterra Drilling Technologies, a manufacturer of drill bits and downhole tools for the oil and gas industry, for around $700 million, two sources . The Company is one of the fastest growing PDC drill bit manufacturers, having more than doubled total revenue since 2016. HOUSTON/NEW YORK (Reuters) - Blackstone Group has agreed a deal to acquire Ulterra Drilling Technologies, a manufacturer of drill bits and downhole tools for the oil and gas industry, for around $700 million, two sources familiar with the matter said. Our Standards: The Thomson Reuters Trust Principles. Ulterra Drilling Technologies Oilfield Drill Bits Product. We do this by using extraordinary people and flexible capital to help companies solve problems. CAMBRIDGE, Mass., Aug. 14, 2012 /PRNewswire/ -- Intervale Capital, a private equity firm focused on the oilfield services industry, has sold Ulterra Drilling Technologies, L.P. ("Ulterra" or the . Our STX Team meshed well and there were no personality conflicts among us. (212) 476-8071 Ulterra is in the industry of: Industrial Machinery & Equipment, Manufacturing, Electricity, Oil & Gas, Ulterra's main competitors are: Varel International, Company, Tartan Controls, Numa, Ulterra has acquired the companies: Warman Africa, Gema Industri, Metra Equipment, Mesa Manufacturing, The technologies that are used by Ulterra are: Twitter for Websites, Google Global Site Tag, GTranslate, Freshservice, 201 Main Street, Suite 1660, Fort Worth, Texas, 76102, United States, NEW YORK--(BUSINESS WIRE)--Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies (“Ulterra” or the “Company”) from affiliates of American Securities LLC. The seller was . Follow Blackstone on Twitter @Blackstone. $300 Million. Ulterra currently has a leading position in many of the most active U.S . The Company is one of the fastest growing PDC drill bit manufacturers, having more than doubled total revenue since 2016. Revenue: $100 to $500 million (USD) Competitors: . The company's filing status is listed as Active/Owes Current Year Ar and its File Number is 19133673. ULTERRA DRILLING TECHNOLOGIES CLAIM THIS BUSINESS. Drill Bits Market for oil and gas industry is estimated to reach US$ XX Mn by 2026 in terms of revenue with CAGR of XX% in the forecasting period 2018-2026. Table 137. Ulterra is well-positioned to serve producers in these plays given its portfolio of premium PDC drill bits that deliver best-in-class performance and reliability. Ulterra Drilling Technologies L.P.'s Profile, Revenue and Employees. The transaction is expected to close prior to year-end 2018. “Drill bits are a mission-critical downhole consumable product, which are poised to benefit from drilling activity, particularly in the most economic oil and gas plays in North America. Further information is available at www.blackstone.com. Ulterra Drilling Technologies National Oilwell Varco, Inc. Varel international, Inc. Ulterra's unmatched speed to market is dedicated to the complete design, manufacture, and delivery of customized drilling solutions with advantaged application-specific technology. Responsible for the management of Oil & Gas accounts in Aramco, by setting a sales strategy for developing business & increasing profitability. Aron Deen • Revenue forecasts to 2031 for Oil & Gas Drill Bits Market, with forecasts for Type, Component, Solutions, and End-use each forecasted at a global and regional level- discover the industry's prospects, finding the most lucrative places for investments and revenues Full P&L accountability and responsibility of more than 160 MM USD revenue per year Projects Coordinator / Continuous Improvement Leader at Ulterra Drilling Technologies L.P. ليدوك, AB. Ulterra Drilling Technologies is one of the fastest growing drill bit manufacturers, doubling its revenue since 2016. Company - Private. Ulterra Drilling Technologies . Global "Downhole Tools market Report" has been featured by Syndicate Market Research Organization and has Extensive information on factors that will amplify the growth of Downhole Tools Market over the upcoming seven years. Oil and gas are the most important resources of energy and has been the backbone of society. Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies ("Ulterra" or the "Company") from affiliates of American Securities LLC. Ulterra's unmatched speed to market is dedicated to the complete design, manufacture, and delivery of customized drilling solutions with advantaged application-specific technology. Ulterra Drilling Technologies | Blackstone. The Global Drill Bit Market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches . Company Description: Ulterra Drilling Technologies, LP is located in Fort Worth, TX, United States and is part of the Machinery, Equipment, and Supplies Merchant Wholesalers Industry. The report also examines the financial condition of large companies, including gross profit, revenue generation, sales volume, revenue, cost of sales, individual growth rate, and other financial metrics. Ulterra did not respond to a request for comment. It is classified as operating in the Petroleum Refineries industry. Ulterra Drilling Technologies: Fort Worth, TX: Entry Level Customer Success Specialist - Remote: Ordereze: Texas: Contract Specialist II: GM Financial: Fort Worth, TX: Cash Management Specialist: One Elite Staffing: Fort Worth, TX: Retail Sales Specialist (Bilingual Spanish) SPECTRUM: Fort Worth, TX: Resident Care Specialist: Discovery Senior . 11.4 Ulterra Drilling Technologies 11.4.1 Business Overview 11.4.2 Products Analysis 11.4.3 Ulterra Drilling Technologies Drill Bits for Oil and Gas Sales, Price, Revenue, Gross Margin 11.4.4 Ulterra Drilling Technologies Drill Bits for Oil and Gas Sales by Region 11.5 Scientific Drilling International, Inc. 11.5.1 Business Overview The Company is one of the fastest growing PDC drill bit manufacturers, having more than doubled total revenue since 2016. Drill Bits Market for oil and gas industry is estimated to reach US$ XX Mn by 2027 in terms of revenue with CAGR of XX% in the forecasting period 2019-2027.Oil and gas are the most important resources of energy and has been the backbone of society. Amy Harsch Ulterra Drilling Technologies's annual revenues are over $500 million (see exact revenue data) and has 100-500 employees. Udhailiyah, Saudi Arabia. أكتوبر 2011 - مارس 20142 من الأعوام 6 شهور. CAMBRIDGE, Mass., Aug. 14, 2012 /PRNewswire/ -- Intervale Capital, a private equity firm focused on the oilfield services industry, has sold Ulterra Drilling Technologies, L.P. ("Ulterra" or the . © 2021 - Ulterra. Financial terms were not disclosed. $6 Million. Ulterra is dedicated to maximizing the efficiency of oil and gas drilling operations through the use of groundbreaking drill bits and application specific technologies. Report . Fort Worth, Texas-headquartered Ulterra had the fifth-largest share of the global drill bits industry in 2017, bringing in about $200 million in revenue, or 8 percent of the global market share, according to data from oilfield consultancy Spears & Associates. We are also excited to have American Securities continue their involvement with the company. Revenue: $100 to $500 million (USD) Competitors: Halliburton, Schlumberger. Table 33. Blackstone is one of the world’s leading investment firms. NEW YORK, July 18, 2016 /PRNewswire/ -- American Securities LLC, a leading U.S. private equity firm, today announced its acquisition of Ulterra Drilling Technologies, L.P. ("Ulterra" or the . Ulterra is the largest pure-play, independent supplier of polycrystalline diamond compact ("PDC") drill bits to the oil and gas industry. New York, October 23, 2018 - Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies ("Ulterra" or the "Company") from . Visit Website. American Securities LLC has acquired Fort Worth, Texas-based Ulterra Drilling Technologies LP, a maker of polycrystalline diamond compact drill bits for the oil and gas industry. Posted on Nov 17 2021 10:08 AM</p> <p>Global Oil & Gas Drill Bits Market report provides key analysis of market drivers, challenges, standardization, Ulterra Drilling Technologies; National Oilwell Varco, Inc. Varel international, Inc. Atlas Copco AB; Get a Sample Copy of the Drill Bits for Oil and Gas Market Report 2021. Your Email Address Subject: Message. Contact. Ulterra Drilling Technologies Recent Development 806 N CREST DR GRAND JUNCTION, CO 81506 Get Directions (970) 243-4490. Business Info. Ulterra’s singular focus on PDC drilling technology allows it to deliver the highest level of customer service and customization to producers across a wide range of basins and geological formations, driving industry-leading performance and durability. Blackstone Energy Partners Announces Acquisition of Ulterra Drilling Technologies from American Securities. The Company is led by a best-in-class management team who will continue in their current roles going forward, including Chief Executive Officer, John Clunan, and Chief Financial Officer, Maria Mejia, who are joined by a dedicated workforce of more than 600 employees worldwide. 30. Oilfield Drill Bits Market to Observe Significant Growth Opportunities Till 2027 | Baker Hughes Inc., Drill Master Inc, Ulterra Drilling Technologies, National Oilwell Varco Inc. . Glassdoor gives you an inside look at what it's like to work at Ulterra Drilling Technologies, including salaries, reviews, office photos, and more. Blackstone Energy Partners is Blackstone’s energy-focused private equity business, with a successful record built on our industry expertise and partnerships with exceptional management teams. American Securities and certain members of management will retain a minority equity interest in the Company going forward. Other deals in the oilfield services space announced in recent days include the sale of downhole technology firm Magnum Oil Tools to Nine Energy Services for $493 million, and the purchase by Carlyle Group of EnerMech - an equipment provider to offshore oil and gas platforms - from Lime Rock Partners for an undisclosed price. Government and research . Ulterra Drilling Technologies L.P. supplies oil drilling equipment. Visit Website. Create Comparison. American Securities LLC has acquired Fort Worth, Texas-based Ulterra Drilling Technologies LP, a maker of polycrystalline diamond compact drill bits for the oil and gas industry. (817) 560-4932. 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. Moreover, this market study focuses on market classification into different segments along with thorough analysis of the competitors, key players and their profiles. Build and maintain close working relationship with drilling personnel with the assigned customer base. Fort Worth, TX 76102. • Commercializing of new products, revenue & profit enhancement, and inventory management based upon the business plan of assigned area of responsibility. Blackstone Energy Partners announced Oct. 23 it has agreed to acquire a controlling, majority interest in Fort Worth Ulterra Drilling Technologies, a manufacturer of drill bits and downhole tools for the oil and gas industry. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. It covers thorough market analysis for the forecasted period 2021-2026. Ulterra Drilling Technologies is one of the largest pure-play, independent supplier and manufacturer of PDC drill bits to the oil and gas industry. ET Throughout the world’s drilling basins, we are building our reputation on performance. Jerome Santos . HOUSTON/NEW YORK (Reuters) - Blackstone Group (BX.N) has agreed a deal to acquire Ulterra Drilling Technologies, a manufacturer of drill bits and downhole tools for the oil and gas industry, for . Blackstone Energy Partners has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies from affiliates of American Securities.American Securities and certain members of management will retain a minority equity interest in the company going forward. Simmons & Company International, Energy Specialists of Piper Jaffray and Wells Fargo Securities, LLC acted as financial advisors to American Securities and Ulterra. Ulterra's singular focus on PDC drilling technology allows it to deliver the highest level of customer service and customization to producers across a wide range of basins and geological . The number of employees has grown to about 600 from 120. Originally founded in 2005 and strategically headquartered in Fort Worth, Texas, Ulterra is the North America industry leader and one of the fastest-growing PDC drill bit companies in the world. • Managed an average of $450,000 of inventory on a daily… ULTERRA DRILLING TECHNOLOGIES Drilformance's revenue is $55 Million . Ulterra Drilling Technologies. Industry outlook: Baker Hughes. • Named as Top 10 Salesmen for Ulterra in 2014 (companywide) with $7,500,000 in revenue. Ulterra Drilling Technologies Drill Bits for Oil and Gas . Ulterra is the, Blackstone Energy Partners Announces Acquisition of Ulterra Drilling Technologies from American Securities. Since she joined Ulterra in 2010, the company's annual revenue has ballooned to about $400 million from about $100 million. Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. 3 . Ulterra Drilling Technologies Description and Business Overview. Sales Office Coordinator (Former Employee) - 11471 W IH 10, Marion, TX. The Registered Agent on file for this company is Mohamed Diarra and is located at 5478 Boyer Trl, Norcross, GA 30071. We believe that high-quality equipment manufacturers such as Ulterra will continue to represent attractive investment opportunities, including potential add-on acquisitions for Ulterra, or new standalone opportunities in oil field services and equipment,” said Eric Liaw, Senior Managing Director of Blackstone Energy Partners. Drill bits are used to make cylindrical holes or cut rocks to extract hydrocarbon resources, with the application of high-frequency vibration and . For more information, please visit www.ulterra.com. All content is posted anonymously by employees working at Ulterra Drilling Technologies. Blackstone and American Securities declined to comment. “During our partnership, John and the talented Ulterra management team have established Ulterra as the market leader in the U.S. through their best-in-class products and focus on customer service,” said Kevin Penn, a Managing Director of American Securities. Ulterra is . Originally founded in 2005 and strategically headquartered in Fort Worth, Texas, Ulterra is the North America industry leader and one of the fastest-growing PDC drill bit companies in the world. At this time, I supervised daily operations, including safety, compliance, and plant development needs. The transaction is expected to close prior to year-end 2018. 400. Ulterra currently has a leading position in many of the most active U.S. onshore oil and gas basins including the Permian and Eagle Ford, and has a growing presence internationally. when it recorded $200 million in revenue . • Revenue forecasts to 2031 for 4 regional and 20 key national markets - See forecasts for the Offshore Drilling Market, 2021 to 2031 market in North America, Europe, Asia-Pacific and LAMEA. The company is one of the fastest growing PDC drill bit manufacturers, having more than doubled total revenue since 2016. Company - Private. 7.5 Ulterra Drilling Technologies 7.5.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.5.2 Carbide Drill Bits Product Category, Application and Specification 7.5.2.1 Product A 7.5.2.2 Product B 7.5.3 Ulterra Drilling Technologies Carbide Drill Bits Capacity, Production, Revenue, Price and Gross Margin (2012-2017) Intended Audience. Ulterra is dedicated to maximizing the efficiency of oil and gas drilling operations through the use of groundbreaking drill bits and application specific technologies. Founded --Incorporated ; Annual Revenue $97,000.00; Employee Count 2; Industries Water Well Drilling; Contacts ; Contact Business. The Company is one of the fastest growing PDC drill bit manufacturers, having more than doubled total revenue since 2016. In July 2016, American Securities LLC, a leading U.S. private equity firm, Completes Acquisition of Ulterra Drilling Technologies, L.P. Ulterra is a leading manufacturer of polycrystalline diamond compact ("PDC") drill bits for the oil and gas industry.
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