Cool Edge Bits Inc. introduces a new type of PDC drill bit designed for improved performance, enhanced drilling efficiency, and greater durability compared to conventional PDC bits. Key features include:

• An optimized nozzle arrangement that directs fluid flow to the most stressed cutters, improving chip clearance and reducing wear on the drill bit, even at high cutting speeds.
• The use of tungsten carbide, one of the strongest and most heat-dissipating materials available, which contributes to the bit’s durability and performance.

The company currently sells and rents its drill bits. As the company scales, it plans to add a service component.

Enhanced Drilling Efficiency:

• Innovations in bit hydraulics and tangential jets reduce torque and friction, improving lubrication and enabling smoother rotation, even at higher RPMs.
• The large face design is engineered for rapid drilling across various geological formations, including shales, sandstones, and sticky clays.
• Advanced cooling jets directly impact cutters, minimizing wear and tear.
• Optimized lubrication, fluid flow, and cuttings removal enhance the drilling process.
• The bit’s design reduces friction through enhanced liquid film formation around cutters and the bit body, leading to lower torque and more efficient rotation in challenging environments.
• The unique hydraulic system and lubrication mechanisms increase ROP without compromising bit stability.

Drill Bit Design Optimization:

• The bit features 21 nozzles with directed jets targeting stressed cutters, improving junk slot cleaning and reducing cavity formation by breaking down cuttings into smaller particles.
• Use of tungsten carbide reduces overheating and improves the bit's ability to endure longer drilling operations without damage.

Reduces Overhead:

• Significantly reduces drilling time by days, cutting overhead costs.
• Minimizes the number of bits required to reach depth goals, delivering cost savings and operational efficiency.
• Improved weight-on-bit (WOB) control and minimal vibration result in smoother drilling through hard formations.

Reduced Environmental Impact:

• Lubrication and cooling innovations reduce the need for multiple bits, minimizing emissions associated with drilling operations.

Conventional drilling methods present significant challenges to the oil and gas industry, often hampered by inefficiencies, limitations, and high costs, which reduce productivity and profitability. Outdated equipment and labor-intensive processes further hinder innovation and sustainable resource extraction.

Cool Edge Bits offer a solution, with a proven ability to drill through the toughest materials without requiring high-pressure or extreme flow rate adjustments, making them compatible with standard operational parameters. This drill bit is ideal for operators seeking to maximize drilling efficiency, reduce operational downtime, and minimize tool wear, all while maintaining cost-effectiveness.

The bit has already shown success in North American basins, including the Permian, Appalachian, Haynesville, and Anadarko, with planned expansion into Canadian regions and other challenging formations.