Taurex Company Research Report

Company Overview

• Name: Taurex Drill Bits

• Mission of the Company: Leading the charge in drill bit innovation, with a focus on people and science to provide collaborative and stress-free bit experiences in the industry.

• Founded By: No information is available

• Year Founded: No information is available

• Key People: No information is available

• Headquarters: 27260 Oak Ridge Park Drive, Conroe, TX 77385

• Number of Employees: No information is available

• Revenue: No information is available

• What the Company is Known For: Taurex is known for being ranked #1 in overall customer satisfaction from 2022-2023 among the top 7 drill bit suppliers in the US. The company specializes in innovative, AI-assisted PDC drill bits and promotes advancement in drilling technology.

Products and Services

Product Overview

Taurex offers a range of specialized drill bits designed for different drilling conditions and focuses on advanced technology integration:

1. PDC Drill Bits

• Description: Created using AI technology and expert craftsmanship, tailored for specific downhole conditions to optimize performance.

• Key Features:

• Automated dull PDC evaluation.

• Digital twin generation for precise wear information.

2. Directional Drill Bits (TXD/TSD Directrac)

• Description: Designed to provide consistent torque response for enhanced tool face control in directional environments.

• Key Features:

• Customized layout and features.

• High rate of penetration (ROP) for directional applications.

3. Speedset Drill Bits (TXS/TSS Speedset)

• Description: Focused on maximizing ROP and footage through optimized cutter layouts.

• Key Features:

• Smooth distribution of torque and workload from cone to shoulder.

4. Toughset Drill Bits (TXT/TST Toughset)

• Description: Offers improved durability in difficult drilling environments.

• Key Features:

• Stabilizes individual cutting elements.

• Effective in hard rock drilling.

5. Shankless Drill Bits

• Description: Designed for superior performance in challenging directional applications, enhancing precision in steering.

• Key Features:

• Reduced make-up length for improved steering accuracy.

• Closer bit face placement for precise well placement.

Technological Integration

• BitVision™ Platform: A process that streamlines data capture, reporting, and sharing using automated scanning and high-definition photography to transform data into actionable insights.

• X1 Edge Cutters: Engineered with AI for harsh environments, maximizing bit life and reducing failures to enhance operational efficiency.

Recent Developments

• AI-Driven Innovation:

• The company has shifted towards integrating AI-driven technology in PDC drill bits design and evaluation, offering data-driven precision and improving efficiency.

• BitVision™ technology has been enhanced with AI-models for accurate analysis of bit and cutter wear, reducing downtime and failure rates.

• Machine Learning Models:

• Implementation of machine learning models capable of classifying damage modes on cutters as part of the BitVision™ pipeline, achieving a high level of accuracy.

• X1 Edge Cutter Introduction:

• The introduction of X1 Edge cutters marks a significantly durable advancement, designed through AI, offering increased operational life and reduced operational failures.

• Partnership and Expansion:

• No specific new partnerships mentioned, but expansion is evident with operational bases in multiple regions, indicating growth and wider market engagement.

Contact Information

• Phone: 405.321.8850

• Email: service@taurexbits.com

• Additional Locations:

• Houston: 27260 Oak Ridge Park Drive, Conroe, TX 77385

• Norman: 4341 Adams Road, Norman, Oklahoma 73069

• Midland: 2612 South County Rd 1206, Midland, TX 79706

• South Texas, Hobbs, Pennsylvania, Canada, Oman: Various contact numbers and emails listed.

Conclusion

Taurex continues to innovate within the drilling industry by incorporating AI technology and machine learning to enhance product offerings like PDC drill bits and X1 Edge cutters. This innovation positions Taurex at the forefront of precision drilling, with a clear emphasis on improving operational efficiency and outcomes for their client base.