Latest Drill bit Stories

Phase 1 Launch of IRWIN's New Line Includes Screwdriving Bits, Nutsetters, Socket Adapters, and Bit Holders HUNTERSVILLE, N.C., May 6, 2013 /PRNewswire/ -- As professional tradesmen continually seek power tool accessories that stand up on the toughest jobsites and help them do their jobs better, faster, or easier, IRWIN Tools announces the introduction of the Impact Performance Series(TM) line of screwdriving bits, nutsetters, socket adapters, and bit holders. While most accessories...

FORT WORTH, Texas, April 21, 2013 /PRNewswire/ -- Ulterra today announced the introduction of CounterForce, a breakthrough in PDC bit design technology that utilizes a unique cutter configuration that lowers bit torque and vibration, thus creating more efficient failure of rock. Unlike traditional PDC bits, the cutters of this patent-pending, step-change advancement in new PDC technology work together to lower lateral vibration and increase crack propagation. The CounterForce cutting...

Lawrence LeBlond for redOrbit.com - Your Universe Online NASA’s Curiosity rover is preparing to use its drill to bore into a Martian rock in the coming days. The rover carried out “pre-load” testing on January 27, placing the drill tip on a series of four locations on the rock and pressing down to test whether the amount of force applied to the hardware matches predictions formulated by NASA engineers. The team next planned to have Curiosity conduct an overnight pre-load test,...

FORT WORTH, Texas, Jan. 13, 2013 /PRNewswire/ -- An Ulterra 8 3/4-in. U513S PDC bit drilled a high-angle build section in an Eagle Ford well in 6.5 hr., beating the best offset rate of penetration (ROP) by 16.4%, according to the company. (Logo: http://photos.prnewswire.com/prnh/20110906/DA62410LOGO ) The shale-specific PDC bit drilled the 15 degree /100'- curve section with a 30 degree change in azimuth in a Dimmit County oil well, 129 mi. southeast of San Antonio. Typically,...

FORT WORTH, Texas, Aug. 27, 2012 /PRNewswire/ -- A 6.125" U613M PDC bit combined with a TorkBuster performance drilling tool drilled the Mississippi lateral significantly further and faster than any offset drilled in Woods County, Oklahoma. Drilling 3,370' of high-chert, Mississippi formation at 71.7 ft. /hr., the run saved the operator $207,000 compared to the average offset "chat" well. (Logo: http://photos.prnewswire.com/prnh/20110906/DA62410LOGO) The "chat" is the upper zone...

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 "Company") to ESCO Corporation for $325 million in cash, subject to customary closing adjustments. Headquartered in Fort Worth, Texas, Ulterra manufactures and rents matrix and steel-body polycrystalline diamond compact (PDC) bits and drilling optimization tools for use in all the major oil...

HUNTERSVILLE, N.C., June 4, 2012 /PRNewswire/ -- IRWIN® Tools, a global manufacturer and distributer of a broad line of professional-grade hand tools and power tool accessories, continues the rich heritage of its Marples® sub-brand by introducing the new IRWIN Marples( )Woodworking Series saw blades and IRWIN Marples Bevel Edge Chisel line. Long known for its quality and precision, the Marples name has been a favorite among fine craftsmen and professional tradesmen since its...

30-year-old investment comes full circle Nearly two-thirds of the oil we use comes from wells drilled using polycrystalline diamond compact (PDC) bits, originally developed nearly 30 years ago to lower the cost of geothermal drilling. Sandia and the U.S. Navy recently brought the technology fullcircle, showing how geothermal drillers might use the original PDC technology, incorporating decades of subsequent improvements by the oil and gas industry. Sandia and the Navy’s Geothermal...

FORT WORTH, Texas, March 12, 2012 /PRNewswire/ -- For the first time, a single Ulterra bit has drilled the entire intermediate section of the Tattoo field, located in Northwest Canada. An 8.5" (216mm) U513M drilled both the vertical and build sections with the same bottom hole assembly, saving the operator two trips and $72 per-meter versus the best offset and $570,000 when compared to the average of six section offsets in the field. (Logo:...

WellEz (http://www.wellez.com) released a significant upgrade to their wellbore diagram feature, allowing users to see both vertical and horizontal wellbore diagrams, including casing info and downhole equipment. Houston, Texas (PRWEB) February 15, 2012 WellEz released a significant upgrade to the wellbore schematic component on January 24, 2012. The new wellbore schematic allows users to see both vertical and horizontal wellbore diagrams, and is automatically populated throughout the...