Roller Cone Product Line

Overview
Product Lines
 Product Range
•Insert Bits
• Bit Size Range: 37/8” to 32”

•Milled Tooth Bits

• Bit Size Range: 37/8” to 36”

37/8” XR30Y
32” GS18 36” MGSS+7
 Standard Products

•Milled Tooth, TCI and Open Bearing Bits

•Size Range: 3⅞” to 26”

 Gemini™
•Milled Tooth and Insert Bits

•Most demanding applications

•Steerable assemblies

•Long hours and bit revolutions

•Size Range: 8½” to 36”

 Gemini™ Features
•Dual Seal

•Precision Machined
Bearings

•Enhanced Leg Forging

•High Flow Capability

Extended Nozzle Tubes
 Xplorer™
•Milled Tooth and Insert Bits

•Small diameter wellbore

•Directional, Horizontal and ‘Geo-

Steering’ applications

•Size Range: 3⅞” to 6¾”

 Xplorer™ Features
•Optimized Leg Forging

•Enhanced Hydraulics with Mini-

jets

•Bullet Seal (IADC < 547Y)

•Premium “O” Ring (IADC >617X)

•Ridge Cutters

•HM-16 Hardfacing
 Xplorer™ Expanded
•Milled Tooth Bits (IADC
117)

•Size Range: 4½” to 36”

Xplorer™ Expanded Features
•Optimized Leg Forging

•FlexFlo Hydraulics

•Gemini Twin Seal System for

Sizes between 8½” to 17½”

•Premium Sealed Roller Bearing

for Sizes between 13½” and 36”

•MIC2 Hardfacing
Performance...
with a Twist
The Concept

Straight Tooth

Twist & ShoutTM

How does it work?

• Optimized Tooth
Orientation
• Increased Crest
Length
Motion Analysis
 Shamal™
•TCI Insert Bits

•Designed for Carbonate drilling applications

• Limestone
• Dolomite

•Tough Cutting Structure

•Dog Bone Insert

•Size Range: 8½” to 32”

 Shamal™ Features
•New, Tough Carbide

•Dog-Bone Insert

•Gemini™ Bearing
system

•FlexFlo Hydraulics
 Flex-Flo™
•Milled Tooth and Insert Bits

•Adaptive Hydraulic Design

•Multiple configuration,
based upon application

•Featured on many of the

Product Lines
Flex-Flo™
 Flow Visualization

S-Flo™ (Standard Flow) V-Flo™ (Vectored Flow)

TCT™ - Two Cone Technology
•Premium Two Cone Bits

•Aggressive cutting structures

•Larger Bearing capacity

•Directionally responsive

•Flexible Hydraulics

•Size Range: 7⅞” to 17 ½”

 TCT™ Features
•Four points of stabilization

•V-Flo™ (Vectored Flow) – Five

precisely directed nozzles

•Gemini™ Twin Seal System

•Larger Bearing capacity compared

to same size three cone bit

•Aggressive cutting structures with

lower insert count to the same size
three cone bit
 FH™ Productline
•Premium TCI Insert Bits

•Size Range: 7⅞” to 9⅞”

•Created to replace IDEAS

product line
 IDEAS Top Sellers: USA &
Canada
077 FI28

077 FI23

086 FI28

077 FI30

084 FI28

077 FI20

086 FI31

086 FI16

0 200 400 600 800 1000 1200

Units

Data from Smith Tool Sales History, Jan 2005

 Features
•Fast Hole – Precision engineered
cutting structure

•Formation Hardy – Proprietary

carbide technology

•Field Honed – Pacesetting

Reliability

•Flexible Hydraulics – Advanced

FlexFlo Hydraulics options
 FIELD ENGINEERING
Needs Analysis
PDP/DPR Data, Dull Grade Analysis,
DRS Offset Analysis, DBOS,
Application Analysis, Existing Bit
Problems

FIELD ENGINEER DESIGN ENGINEER Design Parameters

Total Development
Traditional Time
Field Run Evaluation and
Dull Grading
Experience;Theories;
Paradigms; Dulls
Insert count, Pitch Break
Journal Angle; Etc..

Drill Could Take

Bit Development
FIELD TESTS
Up to 12 Months BIT DESIGN
Manufacture
Incorporates New Design
Drill Bit Parameters
 FIELD ENGINEERING
Needs Analysis
PDP/DPR Data, Dull Grade Analysis,
DRS Offset Analysis, DBOS,
Application Analysis, Existing Bit
Problems

Total Development Time

Objective
Confirm Results

FIELD ENGINEER DESIGN ENGINEER

Up To 70% Faster
Field Run Evaluation and
Dull Grading INTERACTIVE DESIGN Design Parameters
Bit Design Insert count, Pitch Break
Journal Angle; Etc..

ThanIDEAS
The Past
®

FIELD TESTS ANALYSIS & SIMULATIONS

Laboratory Tests
Drill Bit Development Visual Tool Aids Designers
Comprehensive Knowledge Base
Rock Mechanics Drilling
Mechanics Tests
Optimization Techniques Develop Data Set
And
Manufacture Validate New Findings
Improvement Needed
IDEAS® Bit
Predicted
Performance

Meets Objective
IDEAS® –The Key Differentiator
 IDEAS® Analysis

• IDEAS allows time based simulations of the complex

drilling process - It is a computational tool that
enables the Designers at Smith Bits to explore
fundamental Drill Bit characteristics.

•Full 3D dynamic & static modeling

•Bit – Rock interaction
•Vibrations
•Stresses
•Rate of penetration
IDEAS® - Roller Cone
 IDEAS Roller Cone History
• 1995 to 1999
• IDEAS program and rock mechanics laboratory developed

• 1999
• First development bit ER5754 (077 Fi28)
• 077 Fi28 becomes best selling IDEAS bit ever

• 1999 to 2004
• Successfully applied to Insert and Milled Tooth bits
• Fi bits helped Smith Tool gain 40% market share in North America TCI

• July 2004
• Stopped usage due to Halliburton lawsuit

• December 2005
• IDEAS fully reactivated for roller cone bits
 North America Insert Bit Market
IDEAS Bits
Market share After lawsuit, Regained
introduced into
growth to 40% drop to 33% share to 35%
North America
45%

40%
Smith Market Share

35%

30%

25%
2000 Market 2002 Market 2006 Market 2006 Market
$265m $245m $390m $520m
20%
Full 1st 2nd 1st 2nd 1st 2nd 1st 2nd 1st 2nd 1st 2nd
Year Half Half Half Half Half Half Half Half Half Half Half Half
2000 2001 2001 2002 2002 2003 2003 2004 2004 2005 2005 2006 2006

U.S/Canada Canada United States

 IDEAS then..…and now
• 2004 Primary products
• Fi and GFi insert bits
• XR+i milled tooth bits
• Best sellers
 077 Fi28
 077 Fi23
 077 Fi20

• 2007 Primary products

• FHi and GFi insert bits
• TCTi+ milled tooth bits
• Top sellers
 077 FHi28
 077 FHi23
 086 FHi23
Integrated Dynamic Engineering Analysis System
Review
Roller Cone Product Line
Overview