Hart’s E&P: Drillbit Records: Anniversaries Indicative Of Technological Advancement In Drillbits

The original Reed company started in 1916 in Houston when Clarence A. Reed developed a disc-type drilling bit. In 1916 the company leased a building, which once was a dance hall turned skating rink, and started producing the bit. The following year Reed began manufacturing a cross-roller type bit. On July 2, 1919, the Reed Roller Bit Co. became a Texas corporation. It changed its name to ReedHycalog LP in 1998 and now operates as a subsidiary of National Oilwell Varco Inc. Another anniversary being celebrated this year is for the E&P drillbit records. This is the 25th anniversary of the records, which were first published in the March 1992 issue of Petroleum Engineer. This year’s edition includes 437 single-run footage records, 403 ROP records and 265 cumulative footage records.  One of the drillbits introduced in 2015 is the Baker Hughes Talon Force polycrystalline diamond compact (PDC) bit, which was the winner of the Hart Energy 2016 Special Meritorious Award for Engineering Innovation for the drillbits…

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