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This Smith 6 1/8" PDC Drill Bit was used to drill oil wells in the state of Piaui, Brazil. The oil company that owns it no longer needs the bit for its onshore operations and, therefore, is selling it to recover part of their investment and free up inventory space.
Axe elements employ a unique geometry that cuts rock in a new way—a combination of shearing and crushing. This cutting method achieves at least 22% deeper penetration, removing more formation to provide higher instantaneous ROP when using the same WOB and rpm applied to conventional PDC cutters. The diamond table on the element ridge, which is 70% thicker than that of a conventional cutter, gives the Axe element increased frontal impact resistance. For operators, this means that the AxeBlade bit delivers improved durability and dull condition for maximum ROP throughout the run.
Field tests of the AxeBlade bit have demonstrated up to 29% improvement in ROP compared with similar bit designs using conventional PDC cutters, resulting in significant rig time and cost savings for operators.