A bit of history: Overcoming early setbacks, PDC bits now
7/7/2015#0183;#32;After their introduction in the mid1970s and their initial slow growth, PDC cutters have helped change the oil and gas exploration bit industry. PDC bits are now 7580% of the bit market and still growing. The impact on the drilling industry has been dramatic, with todays wells taking a fraction of the time to drill compared with 2030 years ago.