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Eberhart's company, Canary, installs and services wellheads at drilling locations across the continental United States. [5] Eberhart's private equity firm, Eberhart Capital, LLC, has been involved in a total of 12 acquisitions since 2007, from several different sectors of the economy, primarily in the oil and gas industry.
The company was established in December 1908 [1] as Sharp-Hughes Tool Company when Howard R. Hughes Sr. patented a roller cutter bit that dramatically improved the rotary drilling process for oil drilling rigs. He partnered with longtime business associate Walter Benona Sharp to manufacture and market the bit.
Titanium drilling. Drilling is a cutting process where a drill bit is spun to cut a hole of circular cross-section in solid materials. The drill bit is usually a rotary cutting tool, often multi-point. The bit is pressed against the work-piece and rotated at rates from hundreds to thousands of revolutions per minute.
Various examples of swarf, including a block of compressed swarf. Swarf, also known as chips or by other process-specific names (such as turnings, filings, or shavings), are pieces of metal, wood, or plastic that are the debris or waste resulting from machining, woodworking, or similar subtractive (material-removing) manufacturing processes.
Various examples of metal swarf, including a block of compressed swarf. Broken up chips are preferred over stringy drill chips. [1]Metal swarf, also known as chips or by other process-specific names (such as turnings, filings, or shavings), are pieces of metal that are the debris or waste resulting from machining or similar subtractive (material-removing) manufacturing processes.
The original part of the company, Smith Bits, grew out of a blacksmith shop in the small town of Whittier, California, in 1902. It was there, at the age of 20, that Herman C. Smith became the right man in the right place at the right time: oil was discovered nearby and the local drilling operators needed their fishtail bits sharpened.
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The company was founded in 1900 by Chris Schramm. It originally manufactured portable air compressors, before switching to rotary drilling rigs in the 1950s.Dick Schramm, who began working for the family business as a manufacturing engineer in 1961, worked his way up the ranks to become President of the company in 1985. [6]