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The bits are further classified based on their internal bearings. Each bit has three rotating cones and each one will rotate on its own axis during drilling. While the bits are fixed to the drilling rigs, the rotation of the drill pipe will be in a clockwise direction and the roller cones are rotated in an anti-clockwise direction. Each roller ...
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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.
The essential assets of Hughes Tool Company, as it was renamed, were August 10, 1909, patents for his dual-cone rotary drill bit. The fees for licensing this technology were the basis of Hughes Tool's revenues, and by 1914 the dual-cone roller bit was used in eleven U.S. states and in thirteen foreign countries.
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