Ulterra Introduces High ROP PDC bit FastBack's unique shape allows operators to drill record runs longer and faster than conventional PDC designs

FORT WORTH, Texas, Nov. 11, 2013 /PRNewswire/ -- Ulterra announced today the availability of PDC bits incorporating the next generation FastBack technology.

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Unlike traditional PDC bits, FastBack designed bits utilize a unique blade configuration that supports the cutters in a minimalist fashion. Its smaller profile eliminates wasted energy pushing a bit's blade surface, focusing all energy on the diamond cutting surfaces. This efficiency improvement is already paying operators dividends where a Fastback bit drilled a Marcellus well 56.8% faster.

The FastBack's new innovative blade design is possible thanks to advanced surface coatings which provide maximum erosion control without sacrificing strength. Additionally, The FastBack's smaller blade configuration opens up the junk slot area for optimal hydraulics and enhanced cuttings evacuation. "FastBack is Ulterra's latest breakthrough in PDC technology. It embodies advanced materials, design and manufacturing to achieve superior speed, efficiency and quality," said Aron Deen, Engineering Project Manager.

Ulterra is a leading provider of premium drill bits and downhole tools for the oil and gas industry. Its strength resides in the experience and wisdom obtained from industry veterans, designing high-quality, high-performance PDC bits for global markets. Its localized focus enables Ulterra to respond quickly to customer's specific applications with highly innovative and customized solutions.

Contact:
Justin McMillan
VP Bus. Development
817-551-9711
jmcmillan@ulterra.com

SOURCE Ulterra




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