Press

Rival Downhole Tools Secure Two US Patents for Proprietary Drilling Technology

Posted by Kristen Quinn

31-Jul-2018

https://rivaldt.com/



RIVAL DOWNHOLE TOOLS SECURE TWO US PATENTS FOR PROPRIETARY DRILLING TECHNOLOGY

July 31, 2018 (HOUSTON)
Rival Downhole Tools (Rival), the leading provider of best-in-class drilling and thru tubing motors and tools to the upstream oil and gas industry, and Ashmin Holdings (Ashmin), announced today the issuance of two patents by the U.S. Patent and Trademark Office. These patents are for a proprietary percussion drill bit and percussion downhole drilling motor technology.

The patent for invention No. 10,017,994 is for a drill bit inclusive of a rotating force or "hammering" element integrated into the traditional structural and cutting elements of fixed cutter or roller cone drill bits. The patent for invention No. 10,017,991 is for a Hammer Drill downhole drilling motor inclusive of a percussion or "hammering" anvil incorporated into Rival's mud lubricated bearing assembly.

“These latest patents further advance our performance offering for our customers,” said Neil Fletcher, CEO, Rival Downhole Tools. “The demand on drilling motors continuously increases and will not stop in the foreseeable future. We believe the integration of percussion into drilling motors and drill bits only furthers what Rival's technologies can do for our customers. These are our fourth and fifth patents so far this year, which adds to our Ashmin legacy and enables Rival's further advancement toward the top of downhole technology providers."

These latest patents come just a month after Rival was issued their patent for radial bearings and method application for use in their mud lube drilling motor bearing assemblies.

Rival has a 16-year history of providing drilling motor technology to the industry. Its latest motor technology, the Rival PDM, has been deployed more than 150 times in multiple basins in the U.S. In its first 90 days of launching, the Rival PDM has already accumulated over 3,500 drilling and circulating hours. Rival is currently shipping their first friction reduction tools, the Rival FRT, into the rental market this month.

About Rival Downhole Tools

Headquartered in Houston, Rival Downhole Tools rents, sells and services best-in-class drilling and thru tubing downhole tools to the upstream oil and gas industry. Founded in 2002 the company leverages its Ashmin legacy, an engineering firm focused on the creation of new technology, for licensing to service companies, rental tool suppliers, drilling contractors and E&P companies. For more information, visit RivalDT.com.



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://rivaldt.com/

downholeDownhole Technologyoil and gas upstreamupstreamupstream industryupstream oilUpstream oil and gasupstream oil industryupstream operationsDrilling TechnologyDrill BitsDrill Bits for Oil and Gas MarketDrillingDrilling Activitydrilling optimizationHouston

More items from kristen


NES Global Talent Expands Recruitment Presence to British Columbia, Canada

NES Global Talent Expands Recruitment Presence to British Columbia, Canada New location supports key projects and local talent in the region March 25, 2019 (Terrace, Canada) - With over 40 years of serving the engineering and technical talent needs of clients all over the world, NES Global Tal ...

Kristen Quinn


Posted 7 months agoPress > Canadaoil and gas recruitmentoil and gas recruitment agencies +3

NES Global Talent Expands Presence to Port Arthur, Texas

April 9, 2019 (HOUSTON) - With over 40 years of serving the oil and gas market, NES Global Talent is pleased to announce the expansion of its specialist oil and gas staffing business to Port Arthur. NES has been established in Texas for over two decades, operating two offices in Houston and Midlan ...

Kristen Quinn


Posted 7 months agoPress > oil and gas recruitmentoil and gas recruitment agenciesoil and gas recruitment agency +5

NES Global Talent Expands Presence to Port Arthur, Texas

April 9, 2019 (HOUSTON) - With over 40 years of serving the oil and gas market, NES Global Talent is pleased to announce the expansion of its specialist oil and gas staffing business to Port Arthur. NES has been established in Texas for over two decades, operating two offices in Houston and Midlan ...

Kristen Quinn


Posted 7 months agoPress

NES Global Talent demonstrates strong results as it continues to expand and diversify its global footprint

NES Global Talent demonstrates strong results as it continues to expand and diversify its global footprint NES Global Talent today announced results for the year ended 31st October 2018 with an EBITDA of $57.6m (£42.9m), a 29% increase on 2017. Turnover also increased substantially from $0.9bn ...

Kristen Quinn


Posted 8 months agoPress > oil and gas recruitmentoil and gas recruitment agenciesoil and gas recruitment agency +4

AMERICAN GILSONITE COMPANY STRENGTHENS EXECUTIVE TEAM, ANNOUNCES NEW VICE PRESIDENT AND CHIEF COMMERCIAL OFFICER

MEDIA CONTACT: Paige Donnell paige@paigepr.com 832-566-6503   FOR IMMEDIATE RELEASE AMERICAN GILSONITE COMPANY STRENGTHENS EXECUTIVE TEAM, ANNOUNCES NEW VICE PRESIDENT AND CHIEF COMMERCIAL OFFICER Craig Mueller to advance the global network and commercial strategy of principal Gilson ...

Kristen Quinn


Posted 8 months agoPress > HoustonAmerican Gilsonite CompanyCraig Mueller +1
All posts from kristen