Baker Hughes Inc. (BHI)

[eFinanceMarkets]

Baker Hughes introduces "smart" drill bit; analyst calls game changer
Baker Hughes (BHI -0.7%) launches its TerrAdapt self-adjusting drill bit, which it says can deliver dramatic improvements in drilling economics by using automation to adjust to any type of shale rock, improving drilling efficiency and costly tool failures.
BHI's new drill bit that adjusts on the fly is a potential game changer, Tudor Pickering analyst Byron Pope says. “The difference with the technology is you don’t necessarily have to customize it for the Permian or Eagle Ford. You can just have that one bit.”