Content of PetroWiki is intended for personal use only and to supplement, not replace, engineering judgment. SPE disclaims any and all liability for your use of such content. A drill bit, commonly either a roller cone, button bit, PDC, diamond or drag bit, used with a rotary string or a mud motor to drill through rock.
Regardless of how good a new product or method may be to a drilling operation, the result is always measured in terms of cost per foot or meter. Lowest cost per foot indicates to drilling engineers and supervisors which products to use most advantageously in each situation. Reduced costs lead directly to higher profits or the difference between profit and loss. For those in administration, engineering, manufacturing, and sales, cost calculations are used to evaluate the effectiveness of any product or method, new or old. Because drilling costs are so important, everyone involved should know how to make a few simple cost calculations.
Bit classification allows efficient selection and use of polycrystalline diamond compact (PDC) and diamond drill bit. The classification system currently in use was developed by the International Association of Drilling Contractors (IADC). IADC classification codes for each bit are generated by placing the bit style into the category that best describes it so that similar bit types are grouped within a single category. The version currently used was introduced in 1992 using criteria that were cooperatively developed by drill-bit manufacturers under the auspices of SPE., The system leaves a rather broad latitude for interpretation and is not as precise or useful as the IADC Classification System for Roller-Cone Bits. It does not consider hydraulic features incorporated into a bit and does not attempt to give a detailed description of body style beyond basic classification of the overall length of the bit cutting face.
The bearing, seal, and lubrication systems of a roller cone bit are important aspects of bit life and efficiency. Roller cone bearing systems are designed to be in satisfactory operating condition when the cutting structure of the bit is worn out. To achieve this standard of bearing performance, modern goals for seal and bearing system life are 1 million or more revolutions of a bit without failure, as opposed to 300,000 or fewer in the recent past. To achieve this goal, research into bearing, seal, and lubricant designs and into materials that improve seal and bearing life is ongoing. Roller-cone bits primarily use two types of bearings: roller bearings and journal bearings, sometimes called friction bearings.
The shape of a Polycrystalline Diamond Compact (PDC) bit body is called its profile. It is also the principal influence on bit productivity and stability. The geometry established by the profile contributes to hydraulic flow efficiency across the bit face. Hydraulic flows directly influence ROP through the cuttings removal they provide. If cuttings are removed as rapidly as they are produced, ROP will be relatively higher.