OTC 2012: Halliburton introduces new fixed cutter drill bits

Offshore staff

HOUSTON – At the Offshore Technology Conference, Halliburton (NYSE: HAL) introduced the MegaForce advanced fixed cutter drill bits. Key technology innovations in cutting structure and matrix material, multilevel force balancing, hydraulics and shank length deliver more than a 20% improvement in drilling penetration rates.

Laura Schwinn, vice president of Halliburton’s Drill Bits and Services product line, said: “As operators drill increasingly deeper and longer wellbores in unconventional formations, they must rely on bits that can drill farther and faster with demonstrated reliability. With its advanced technologies and our Design at the Customer Interface (DatCISM) service, MegaForce bits benefit operators with higher rates of penetration and longer intervals drilled, reducing significantly their cost per foot drilled.”

Field trials of MegaForce bits revealed penetration rate and reliability improvements over current fixed cutter bit offerings. In Uintah County, Utah, and in Leon, Upton and Wheeler counties, Texas, new field records were set during each MegaForce bit run. Drilling between 18% and 31% more footage, MegaForce bits demonstrated at least 20% increases in rate of penetration over offset wells. Following each run, MegaForce bits were graded equal to or sharper than offset bits.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...