Performance Driven Downhole Technologies - PDC Drill Bits .

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Product PortfolioAn ESCO Oil & Gas CompanyPerformance Driven Downhole TechnologiesWhen Every Run CountsTM

An ESCO Oil & Gas CompanyUlterra designs andmanufactures high-ULTERRA Advantages Fast and effective customer response Drilling focuseddownhole tools for the Modern manufacturing facilitiesglobal oil and gas industry. Consistent quality Outstanding PDC bit performanceWhen Every Run Counts, you need a Talented PDC expertsdrilling-focused partner like Ulterra whose Advanced engineering tools for cost-effective applicationsperformance PDC bits andsole purpose is matching the right PDCbit with the right application to lower yourdrilling costs.Named “the fastest growing drill bitcompany” by a prestigious oilfieldresearch company, Ulterra is the bitsupplier of choice when drillers requirea partner with unmatched credibility anda commitment to excellence. Ulterra2Field Engineeringis unique by its flexibility to changing3Design Engineering4PDC Cutter Technology5PDC Bit Technology6Steel Body PDC Drill Bitswisdom culled from industry veterans,7Matrix Body PDC Drill Bitsdesigning high-quality, high-performance8TorkBuster TrugaugePDC bits for a global market.9Inertia Friction Reduction Toolindustry dynamics and its ability torespond to a customer’s specificapplications with customized solutions.Its strength resides in the experience andWhen Every Run Counts, operatorscount on Ulterra.10PDC Optional Features11Product Size, Type, Availability12API Bit TolerancesTFA Values of Common Nozzle SizesAPI Recommended Make-Up Torques13PDC Dull Grading1

ULTERRA Field EngineeringULTERRA Design EngineeringUlterra places applications engineers close to thecustomer at the district level to ensure customerrequirements are fully understood and productsdeliver the desired results.Ulterra places applications engineers close to thecustomer at the district level to ensure customerrequirements are fully understood and productsdeliver the desired results.Performance Database - Ulterra’s proprietary Performance3D Solid Modeling Design - Ulterra design engineers useDatabase captures well and offset runs information to put vital3D modeling design tools (CAD) to accelerate design and toinformation at our engineer’s and sales team’s fingertips.insure that high quality precision is built into every bit. Once thedesigner’s intent is verified, an automated process creates thedrawing packages for production. This state-of-the-art designUlterra RAP - Run Analysis reports put vital performance informationtool guarantees unmatched precision and design repeatabilityinto our customer’s hands recapping recent performance of our bitsfor a bit built now or in the future.and ensuring the value of continuous product improvement in yourdrilling Application.Computational Fluid Dynamics - To reduce the tendencyfor bit balling and to reduce erosion of the bit body, UlterraRock Analysis - Ulterra’s Rock Destruction Analysis tool helps ourEngineers utilize CFD analysis to balance fluid flow , cuttersales and Applications engineers better understand our customer’scooling and erosion in each of their bit designs.challenging drilling environment to ensure proper application of ourlatest technologies.Blade Strength Calculation - Each bit design undergoes amathematical process to optimize blade strength and geometry.Cypher Application Database - Cypher captures analyticalPhysical & geometrical characteristics of each blade areknowledge of drilling applications and defines the goals ofadjusted to optimize blade integrity and cuttings flow.engineering projects in terms of customer needsWork Curve Analysis - Each bit undergoes an analysis ofPerformance Chart Maker - Ulterra’s PCM is unrivaled in theindividual cutter work load to reduce cutter imbalance. Cutterindustry. This tool allows fast analysis of Ulterra’s product vs. ourconfiguration is then designed to distribute work evenly amongcompetition to ensure product performance and delivering superiorthe cutters to increase a bits drilling efficiency.value to our customers.23

ULTERRA PDC Cutter TechnologyULTERRA PDC Bit TechnologyThe Ulterra LightSpeed cutter developmentprocess assures our customers receive themost advanced cutter technology in very bitthey order.CounterForceA patent pending PDC bit technology which utilizes a unique cutter configuration to lower bitreactive torque and vibration, dramatically improving drilling efficiency. Unlike traditional PDC bits,the cutters of this step-change advancement work together to lower lateral vibration and increasecrack propagation. The CounterForce cutting structure is engineered to slice through rock whilemaintaining a more consistent torque signature thus increasing stability and ROP. Reduced torque and vibration Improved drilling efficiency Improved directional performance Higher ROP LightSpeed is the exclusive process Ulterra developed toensure you always receive the latest generation cutter – thelifeblood of any high performing PDC bit. The responsivenessand flexibility inherent in LightSpeed means Ulterra canconsistently 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 yourlocation will be a new design customized for your application.Actual West Texas field tests drilling identicalformations illustrate LightSpeed XTi cutters(right) are significantly more impact resistantthan earlier generation cutters.TMNo longer do you have to wait for an overstocked inventoryto be whittled down before receiving the most advancedtechnology.What’s more, Ulterra has been recognized as having notonly the fastest, but the most thorough and quality-focusedtesting procedure in the industry. The result is two families ofPDC cutters engineered for specific applications. This toolallows fast analysis of Ulterra’s product vs. our competition toensure product performance and delivering superior value toour customers.FastBackFastBack’s unique shape gets the blade out of the way and the cutters deep into formation.Instead of limiting PDC bits by the weaknesses of the materials, FastBack strategically aligns theirstrengths, each component enhances the others. The body material maximizes strength withoutrestricting the cutting action or evacuation. Advanced surface coatings provide maximum erosioncontrol without sacrificing strength. Hydraulic pathways have ultimate flexibility to enable extremeROP. All of which converge on driving all available drilling energy into premium diamond cuttersapplication optimized through Ulterra’s industry-leading LightSpeed cutter testing program. Theresult—another stepchange in Ulterra’s front-running reliability and ROP. Energy focused on the cutters drills faster with lower WOB Wide open blade structure provides optimal hydraulics Quality-focused design and process ensures industry-leading reliability Materials used deliver consistent performanceVCL TechnologyUlterra’s Vertical-Curve-Lateral Technology effectively combines high instantaneous drillingrates with superb directional control to consistently enable multiple directional well segmentsto be drilled in a single run. The VCL Performance Package delivers smooth torque responsewithout the depth of cut and ROP-limiting “technology” common to conventional directional bitdesigns. In a host of applications throughout North America and elsewhere, bits with the VCLPerformance Package routinely deliver smoother, and fewer, slides, superb directional control andthe opportunity to drill multiple well segments without tripping. High ROP across multiple directional segments Reduced trips Improved sliding efficiency Excellent tool face controlImpact ToughnessHeavy Oil Grade TechnologyMAGNUMEarlierGenerationNITROAbrasion Resistance4LightSpeed MAGNUM delivers exceptional impact resistance forextended reach and similarly demanding drilling applications.LightSpeed NITRO offers the utmost in abrasion resistance,making it ideal for hard-rock and high-temperature drilling,particularly in the shale plays.Heavy Oil Grade matrix body PDC bits are designed to drill long distances with excellentsteerability, repeatability and backreaming capability. The bit’s abrasion-resistant, XT cuttersoptimize diamond exposure to the formation to protect the bit body; improve ROP, and enablethe bit to remain in the hole longer. Enhanced hydraulics and a step-down feature behind eachblade prevent sand and debris build-up and help ensure accurate steerability over the entirelateral length, even in the most unconsolidated sands. A strengthened gauge pad and robustbackreaming feature ensure trouble-free backreaming while maintaining the original gaugediameter specifications. Abrasion resistant Higher ROP Enhanced steerability5

ULTERRA Steel Body PDC Drill BitsOur steel body product line drills harder, firmer formations at ahigher rate of penetration than conventional PDC products. Theshankless, single piece bits feature a flat profile that optimizesdepth-of-cut from bit center to gauge. These versatile bits drillfrom surface to TD.Premium PDC Cutters - Advanced line of PDC cutters thatutilize cutting -edge technology and custom designs providethe ideal combination of aggressiveness and durability for aULTERRA Matrix PDC Drill BitsProprietary mold technology, fully integratedmanufacturing, application specific matrixblends and premium cutter offerings definethe performance of our Matrix productline. With application-specific, field-provendesigns, our premium matrix body PDC bitsare designed for traditional, rotary, motorand directional applications in both soft andhard rock formations.specific application.High Blade Standoff - Premium alloy steel body withexceptional toughness enables these bits to have higherblade standoff and larger junk slot areas than equivalentmatrix designs. These bits deliver a high ROP in non-abrasiveapplications.Proprietary Hardfacing - Enhanced bit durability is providedfrom extremely wear-resistant hardfacing applied to areassusceptible to wear and erosion.Enhanced Hydraulics - Computational Fluid Dynamicsoptimizes nozzle placement, flow balance and cuttingsevacuation to maximize bit cleaning, cutting cooling andreduced body erosion.Integrated Body - Achieves short makeup lengths with onepiece construction.Engineered Cutter Configuration - Work curves, generatedby an engineering software, display a bit’s cutter load and it’swork-rate relative to the entire cutting structure. This softwarehelps designers balance a bit’s cutter work- load, reducingaccelerated wear and impact loading damage.6Premium PDC Cutters - Advanced line of PDC cutters thatutilize cutting-edge technology and custom designs providethe ideal combination of aggressiveness and durability for aspecific application.Stable Low-Torque Design - Engineered cutter configurationlimits bit vibration, providing a quality hole right on target.Abrasion Resistant Face Powder - Tungsten-carbidepowder is placed on areas of a bit body most likely to sufferaccelerated wear and erosion. Bits run longer and are comingout of the hole repairable.Enhanced Hydraulics Computational Fluid Dynamics- optimizes nozzle placement, flow balance and cuttingsevacuation to maximize bit cleaning, cutting cooling andreduced body erosion.Engineered Cutter Configuration - Work curves, generatedby an engineering software, display a bit’s cutter load and it’swork-rate relative to the entire cutting structure. This softwarehelps designers balance a bit’s cutter work- load, reducingaccelerated wear and impact loading damage.7

ULTERRA TorkbusterULTERRA Inertia Friction reduction Tool Ulterra’s unique TorkBuster tool dramaticallyreduces bit related torque and stick-slipproblems adding significant efficiency todrilling operations.The INERTIA tool generates lateral vibration into thedrill string to reduce friction. Its ability to add frictionreducing vibration into a drill string can enhance weighttransfer to the bit, alleviate torque and drag effects inthe string and aid in drilling efficiency. Improved stability, reduced stick-slip Smoother reactive torque in BHA Improves bit life and ROPThe INERTIA tool requires a much lower pressure to operate, up to ten times lower pressure Extends PDC bit rangedrop than competitive tools. Thanks to INERTIA, running multiple vibration tools at problem Enhances directional controlareas throughout your drill string is possible. Its unique design generates energy without Reduces BHA fatiguerestricting pressure pulses, eliminating concerns with MWD frequency interference. In addition,its robust all-metal construction will provide industry leading operating life.In today’s extended reach highly deviated drilling applications, the complexity of the well pathand increased drill string friction often impede a driller’s ability to drill efficiently. The inability toslide, drill fast and achieve targets cost time and money. The fully compatible INERTIA Toolstimulates the drill string, increasing drilling efficiency and extending reach in lateral intervals.ULTERRA TruGaugeShort near bit stabilizer designed specifically for toachieve a better quality well bore by reducing holespiraling and increasing directional control by changingthe location of the BHA contact points.8 Removes bit related Stick-Slip and improves bit stability Allows use of more aggressive/efficient cutting structures Improves bit life and ROP Allows harder formations to be drilled with PDC bits Allows easier control of directional assemblies Reduces fatigue on BHA components Reduced reactive torques Improved tool-face control Faster ROP Added lateral vibration to drill string enhances weight transfer to bit anddrilling efficiency Lower pressure drop allows utilization of multiple tools Zero mud pulse eliminates MWD frequency interference Robust design and all metal construction insures industry leading operatinglife and high temperature capability9

ULTERRA PDC Opt

A patent pending PDC bit technology which utilizes a unique cutter configuration to lower bit reactive torque and vibration, dramatically improving drilling efficiency. Unlike traditional PDC bits, the cutters of this step-change advancement work together to lower lateral vibration and increase crack propagation.