About 30 years ago Sandia Labs developed polycrystalline diamond compact (PDC) bits for geothermal drilling. Today nearly two-thirds of the oil we use comes from wells drilled using the (PDC) bits.

LONDON--(BUSINESS WIRE)--The global PDC drill bits market in the oil and gas industry is expected to post a CAGR of over 4% during the period 2018-2022, according to the latest market research report ...

Dynamus bit reduces damage risks to the bit and BHA HOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today the commercial release of its Dynamus™ extended-life polycrystalline ...

Varel's 12-1/4" BB657XCB polycrystalline diamond compact (PDC) bit, previously run on ChevronTexaco's Alba North A-50 well in the North Sea, had a single run of 15,472 ft (4,716 m), with an average ...

CARROLLTON, Texas--(BUSINESS WIRE)-- Varel International has taken PDC drill bit technology to a new level with the introduction of Voyager series bits. The Voyager series platform is the result of ...

Using the same technology used in guided missiles, newer drill bits fashioned with synthetic diamonds and sensors have optimized operations in the Mancos play. WPX Energy uses polycrystalline diamond ...

HOUSTON, Jan. 16, 2018 /PRNewswire/ — Intervale Capital (“Intervale”), an energy-focused private equity firm, announced today that it has acquired a majority stake in PDC Logic (the “Company”), a ...

Maybe it’s a better understanding of rock mechanics and hydraulics. Maybe it’s material science and manufacturing innovations. More likely it’s just natural evolution or synergy at work. In either ...

Robert G. Casto, Maurizio Senese Agip Petroleum Co. Inc. Houston The use of bicenter polycrystalline diamond compact (PDC) bit technology, dual-power-head down-hole motors, and oil-based drilling ...

The "PDC Drill Bits Market by Type (Matrix Body and Steel Body), Size of PDC Cutter (Less than 9 mm, 9-14 mm, 15-24 mm, and Above 24 mm), Number of Blades (Less than 6, 6-10, and Above 10), and Region ...

HOUSTON, May 4, 2018 /PRNewswire/ — PDC Logic announces the appointment of drill bit veteran Steve Allen to the Board of Directors. Mr. Allen brings extensive drill bit experience to PDC Logic’s board ...