Ulterra Drilling Technologies

Ulterra designs and manufactures matrix and steel PDC bits used in drilling of oil-and-gas wells, as well as downhole tools. The Company's products are manufactured with customer- and region-specific modifications that increase drilling efficiency and reduce total drilling costs. Ulterra has a broad North American presence spanning the key U.S. and Canadian oil and gas regions. The Company also has a global footprint with operations in countries throughout the Middle-East, Africa, Latin America, and Asia-Pacific.



Investment History

Invested in July 2016

Majority stake sale in November 2018
Sale in August 2023 to Patterson-UTI

“It’s great to have a partner like American Securities.”

John Clunan