Who owns Ulterra?
Ulterra is owned by Patterson-UTI (the United States, Nasdaq: PTEN).[1]
Evidence: Patterson-UTI Energy, Inc. Annual Report on Form 10-K filed 2026-02-10, SEC EDGAR, 10 February 2026. Verified from filings; last checked .
Key facts
- Current owner
- Patterson-UTI Energy, Inc. verified
- Owner HQ
- 🇺🇸 United States, Houston
- Origin
- 🇺🇸 United States
- Category
- Energy › Oil & gas › Oilfield services & drilling
- Parent ticker
- Nasdaq: PTEN
- Last verified
- · 1 sources
About Ulterra
Ulterra is Patterson-UTI's drilling products business, which makes drill bits and downhole tools for oil and gas, geothermal and mining customers in over 30 countries, with facilities in Fort Worth, Leduc and Saudi Arabia.
What Patterson-UTI's annual report says about Ulterra
Sentences about Ulterra from Patterson-UTI's latest annual filing[1], copied word for word.
Drilling Products Operations Our Ulterra business has manufacturing and distribution sites of drilling equipment in North America and internationally, which are geographically positioned to serve the energy and mining markets in over 30 countries.
Ulterra's drilling equipment is used in oil and natural gas exploration and production and in geothermal and mining operations.
Ulterra has manufacturing and repair facilities located in Fort Worth, Texas, Leduc, Alberta and Saudi Arabia and repair facilities located in Argentina, Colombia and Oman.
How often Patterson-UTI names Ulterra in its annual report
A plain count of the times the name appears in the text of each annual report, not counting the start of a sentence. A brand that an owner writes about more is usually one it treats as central. The brand is named less often than it was three years earlier.
Ownership timeline of Ulterra
- Current owner Patterson-UTI [1] verified
Where Ulterra sits in Patterson-UTI
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Patterson-UTI ownership tree →
See the full Patterson-UTI brand portfolio (2) →
Other brands owned by Patterson-UTI
Patterson-UTI controls 2 brands on Brandtree, 2 of them in energy.
Also in energy
Other brands in oilfield services & drilling, and who owns them
The 17 brands in oilfield services & drilling on Brandtree belong to 9 owners. The largest is Tenaris, with 4.
| Brand | Owner | Owner based in |
|---|---|---|
| Algoma Tubes | Tenaris | 🇱🇺 Luxembourg |
| BENTEC | Helmerich & Payne | 🇺🇸 United States |
| Bently Nevada | Baker Hughes | 🇺🇸 United States |
| Pintail Completions | RPC | 🇺🇸 United States |
| ChampionX | SLB | 🇺🇸 United States |
| FlexSteel | Cactus | 🇺🇸 United States |
| Citadel Casing Solutions | Innovex | 🇺🇸 United States |
| PROPWR | ProPetro | 🇺🇸 United States |
About the owner: Patterson-UTI
Patterson-UTI is a publicly listed company headquartered in Houston, United States. Brandtree records 2 brands under its control, and it is listed as Nasdaq: PTEN.
Patterson-UTI is a Houston drilling and completion services company that reports drilling services, completion services and drilling products segments. Its 2025 Form 10-K says it expanded completions through the NexTier merger and added drill bit solutions through the Ulterra acquisition, both of which closed in the third quarter of 2023.
Patterson-UTI: full profile, brands and acquisition history →
🇺🇸 Ulterra and other American brands
Brandtree records a controlling owner for 2,399 brands that began in the United States. 461 of them (19%) are now controlled by a company headquartered in another country; Ulterra is not one of them.
- AES Ohio — AES 🇺🇸
- Agway Energy Services — Suburban Propane 🇺🇸
- Alabama Power — Southern Company 🇺🇸
- AmeriGas — UGI 🇺🇸
- American Transmission Company — WEC Energy Group 🇺🇸
- Arch Resources — Core Natural Resources 🇺🇸
Frequently asked questions
Who is the parent company of Ulterra?
The parent company of Ulterra is Patterson-UTI, a publicly listed company headquartered in the United States.
Is Ulterra American?
Yes. Ulterra originated in the United States and its owner, Patterson-UTI, is also headquartered in the United States.
Is Ulterra still owned by Patterson-UTI?
Yes. As of 11 October 2026, Ulterra is still owned by Patterson-UTI. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Patterson-UTI Energy, Inc. Annual Report on Form 10-K filed 2026-02-10 — SEC EDGAR, SEC Form 10-K, published 10 February 2026; retrieved 5 October 2026.
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