Industry Article: Bits Increase ROP, Eliminate Trips

Bits Increase ROP, Eliminate Trips
Publication: American Oil & Gas Reporter
Publication Date: 04/01/2012

Operators in both unconventional and conventional plays in virtually every U.S. basin are enjoying the best of both worlds when it comes to reducing exploration costs: drill bit advances and technology enhancements that reduce bit trips and set record rates of penetration for operators continuing to lead the charge toward a new energy era in North America. With strong oil prices, the industry continues to zero in on drilling liquids rich reserves in all types of geologic settings with more complex wellbore architectures. No matter the well type or drilling plan, the objective is to drill a full-gauge, high-quality hole to the target interval in the least amount of rig time. Optimizing performance and eliminating nonproductive time begins with the bit, one of the most critical components in the drilling system. Drill bit designers and engineers are responding to the challenge by equipping operators with cutting-edge bits and performance-enhancing technological innovations such as the shale-optimized steel-body PDC drill bits, premium PDC cutters, integrated drillbit design platform and high-abrasion-resistance PDC drill bits.

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