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Hughes Tool's majority stake in TWA was sold off in 1966. Two years later, in 1968, Hughes Tool Company purchased the North Las Vegas Air Terminal. In the late-1960s, Hughes Tool ventured into the hotel and casino business with the acquisition of the Sands, Castaways, Landmark, Frontier, Silver Slipper, and Desert Inn, all in Las Vegas.
Baker Hughes Company is an American global energy technology company co-headquartered in Houston, Texas and London, UK.As one of the world's largest oil field services, industrial and energy technology companies, it provides products and services to the oil and gas industry for exploration and production, as well as other energy and industrial applications.
In the oil and gas industry, a drill bit is a tool designed to produce a generally cylindrical hole in the Earth’s crust by the rotary drilling method for the discovery and extraction of hydrocarbons such as crude oil and natural gas. This type of tool is alternately referred to as a rock bit, or simply a bit. The hole diameter produced by ...
However, Hughes still held 40% of the world's drill bit market in 2000. The superior wear performance of polycrystalline diamond compact (PDC) bits gradually eroded the dominance of roller cone bits and early in this century PDC drill bit revenues overtook those of roller cone bits. The technology of both bit types has advanced significantly to ...
The manufacturing operations of Hughes' Sharp-Hughes Tool Company at 2nd and Girard Streets in Houston, Texas. Hughes Sr. married Allene Stone Gano, on June 24, 1904, in Dallas County, Texas, and engaged in various mining business endeavors before capitalizing on the Spindletop oil discovery in Texas, as a result of which he began devoting his full time to the oil business.
In 1933 two Hughes engineers, one of whom was Ralph Neuhaus, invented the tricone bit, which has three roller cones. The Hughes patent for the tricone bit lasted until 1951, after which other companies made similar bits. However, Hughes still held 40% of the world's drill bit market in 2000. [3] Howard Hughes Sr., designer of the first roller ...
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The first known patent application is from Christopher G. Cross in 1873 for "Drills for Boring Artesian Wells", [1] followed in 1884 by the brothers Morris and Clarence Baker for a "Machine for Operating Drills" [2] The methods used to direct the well path fall into two broad categories, these being “push-the-bit” or “point-the-bit ...