Home > Boards > US OTC > Delisted >

Particle Drilling Technologies (fka PDRT)

RSS Feed
Add Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 3/21/2011 12:13:47 PM - Followers: 5 - Board type: Free - Posts Today: 0

 

Particle Drilling Technologies, Inc
11757 Katy Freeway, Suite 1300
Houston, Texas 77079
(713) 223-3031 telephone
(713) 224-6361 facsimile
www.particledrilling.com/

 

Particle Impact Drilling (PID) Technology
The patented Particle Impact Drilling (PID) technology is a mobile system that readily adapts to typical conventional drilling rigs. The system will be provided and operated by PDTI as a service to the oil and gas company for drilling certain rock intervals; specifically in wells where penetration rates decrease due to extreme compressive strength of the formations being drilled. Tests have shown that the PID system is capable of drilling through rock formations at rates multiple times faster than current conventional techniques.

The system relies on readily available hydraulic energy combined with round hardened steel particles entrained in the drilling fluid to rapidly excavate the rock formation being drilled. Unlike conventional drilling techniques, the process does not rely on weight-on-bit and torque to mechanically break the rock. Steel particles are introduced into the drilling fluid at a point downstream from the rig pumps, thus not interfering with the normal operation of the rig pumps. These particles then flow down the drill stem and are accelerated through the nozzles of a specially designed fixed-cutter bit, striking the formation at high velocities. The particles and cuttings are circulated to the surface by the drilling fluid where a shot-extraction device captures the particles for re-injection. The PID application results in significant rate-of-penetration gains, thereby reducing the amount of time the operator spends on location to drill the well. Value is generated by savings in labor, fuel, rentals, rig time and other variable well costs, resulting in a much more efficient and cost-effective drilling process.

The PID system is protected by U.S. Patents 6,386,300 B1 and 6,581,700 B2. Other U.S. patents and foreign patents are pending.

The reduction in drilling time and reduction of other drilling problems resulting from the utilization of the PID system represents estimated savings between 35% and 50% of conventional drilling costs.
===============================================================
PDTI's proprietary fixed-cutter bit and nozzle system capable of delivering 650 GPM of mud/shot slurry.



Contacts:
J. Chris Boswell, SVP & CFO
Particle Drilling Technologies, Inc.
713-223-3031 ext. 204

Ken Dennard, Managing Partner
Jack Lascar, Partner
DRG&E / 713-529-6600
================================================================

PostSubject
#79   thnx monda2frida 03/21/11 12:13:47 PM
#78   it's been in bankruptcy since 2008. I guess DBX5 03/21/11 12:10:50 PM
#77   didn't even have a "q" on it either, wow: monda2frida 03/18/11 05:40:13 PM
#76   Good Morning Dog, I am not a stay grounded 12/16/10 07:28:30 AM
#75   While everyone is watching gold, no one seems Lone Wolf 12/06/10 08:31:38 AM
#74   K. Transfer Agent e-mailed for SS info. Lone Wolf 12/05/10 10:35:51 PM
#73   Anyone know the current SS? Nice move Lone Wolf 12/04/10 09:51:17 PM
#72   Interesting little hidden play here. I wonder Lone Wolf 12/04/10 09:49:32 PM
#71   I was under the impression they have DYNAMITE DAVE 10/01/10 10:38:38 AM
#70   100% gain on 5/19? dontclickvirus 05/20/10 12:12:10 AM
#69   this situation reminds me of Birchmountain, their old hang ten 03/21/10 10:31:25 AM
#68   Particle Drilling is still operating they are on hifinblue 01/11/10 03:24:27 PM
#67   So is PDRT a shell now? PENNYPRINCE 1 01/10/10 01:18:53 PM
#66   Can any one sheed some light on Particle Drilling? Oslo 01/08/10 02:04:49 AM
#65   pdrt is the stock still trading i thought hifinblue 12/08/09 06:14:41 PM
#64   I have one big question. What does this John 19-35 11/19/09 03:35:33 PM
#63   Particle Drilling back in one piece. Teakwood 11/16/09 12:26:08 PM
#62   Its backed by a Edward Heil who is Teakwood 11/13/09 01:26:12 PM
#61   The new holding company is PDTI Holdings LLC. Teakwood 11/13/09 01:15:50 PM
#60   This is a link from google. Teakwood 11/13/09 01:14:44 PM
#59   This stock has potential after recent events. Teakwood 11/13/09 01:13:28 PM
#58   Yes, it does ... time to load this voidy 10/26/09 04:26:00 PM
#57   CHECK THIS OUT JUST OUT 10/19/2009 STARTIN OVER 1sthorseman 10/26/09 01:52:21 PM
#56   to anyone wtf up .0037 in like 10 minutes 1sthorseman 09/01/09 03:11:39 PM
#55   Piece of sh!t GlassCrasher 07/04/09 05:24:34 PM
#54   whats POS stand for sorry i dont know 1sthorseman 07/03/09 09:49:33 PM
#53   This stock is a POS GlassCrasher 06/11/09 04:03:52 PM
#52   Q-PLAY? BOUNCE OR DEAD CAT? famous 06/05/09 07:57:17 AM
#51   Particle Drilling Tech Names Jason Davis Interim Fincl stockseekerok 01/05/09 11:22:33 AM
#50   conference call weeeeeeeeeeeeeeeeeeeeee wesley_ 12/09/08 10:24:34 AM
#49   Just wish thevolume would follow. We finnaly got crable 10/28/08 01:38:13 PM
#48   Seems like volume is picking up, just need crable 10/15/08 01:10:13 PM
#47   PDRT pinching nicely. Could pop soon. crable 10/02/08 05:07:09 PM
#46   RECENT NEWS: INDY 09/19/08 11:48:48 AM
#45   10 Q FILED 8/11/08: INDY 09/19/08 11:47:52 AM
#44   ****DD**** Particle Drilling Technologies, Inc. is commercializing its patent INDY 09/19/08 11:47:15 AM
#43   CONTACT INFORMATION: INDY 09/19/08 11:46:49 AM
#42   anyone else taking a stab at pdrt tomorow? make it or break it 09/16/08 10:02:18 PM
#41   RSI bullish and strong upward trend on charts... Golden_Cross 05/15/08 10:23:36 PM
#40   anyone out there paying attention to this increase danny ray 05/05/08 08:52:46 PM
#39   anyone get dividends today? boxe thai 03/28/08 09:14:51 AM
#38   February 6, 2008 - 5:28 PM EST makesumgravy 03/05/08 12:18:22 PM
#37   February 6, 2008 - 5:25 PM EST makesumgravy 03/05/08 12:12:21 PM
#36   February 27, 2008 - 3:01 PM EST makesumgravy 03/05/08 12:08:56 PM
#35   http://biz.yahoo.com/prnews/080220/law075.html?.v=101 makesumgravy 03/05/08 12:05:59 PM
#34   Cool stock. the cork 09/30/07 10:40:18 AM
#33   gateway- who is perch boy? danny ray 09/29/07 10:57:34 AM
#32   anyone out there? Does any one out there danny ray 07/17/07 07:48:32 PM
#31   gateway- stop the bleedind PLEASE danny ray 06/15/07 08:59:03 AM
#30   Gateway- I Guess Not. These developemental companies are danny ray 05/17/07 07:39:00 PM
PostSubject
Consent Preferences