Dr. Francisco Moreno
Dr. Francisco Moreno earned his medical degree from the National Autonomous University of Mexico and specialized in Pediatrics at Baylor College of Medicine in Houston, Texas. He dedicated 46 years to private practice while also serving as a faculty member at Baylor College of Medicine. Now retired, he brings decades of medical expertise and a commitment to education.
Brian McCoy
Brian McCoy is currently an employee of the Williams Company in the midstream natural gas industry and has over 15 years of experience in the industry. Prior to getting involved in the natural gas industry, Brian spent 7 years in the United States Army as a Blackhawk pilot serving the European and Korean theaters. He is a graduate of the United States Military Academy at West Point and has an MBA from Texas Christian University.
Drake Management
Drake was founded in 2001 by Anthony Faillace and Steve Lutrell as a multi-strategy investment firm. The firm specialized in global fixed income, and offered a variety of absolute return and benchmarked strategies in the form of both commingled funds and separately managed accounts. At peak, Drake had over $14.1 billion in assets under management and served institutional investors globally until 2018. In 2018, Drake converted into a proprietary trading firm and family office. Drake today is wholly owned by Anthony Faillace who serves as Managing Partner and CIO. Today, Drake is focused on opportunistic investing globally across both the public and private markets.
The Comprehensive Market Landscape
Global Drill Bit Market
Drill Bit Market – By Application
The Global Drill Bit Market was valued at USD 4.02 billion in 2023 and is expected to reach USD 5.38 billion by 2029, with a current CAGR of 5.91% during the forecast period 2024-2029.
Source: Mordor Intelligence, Market Data Forecast, Fortune Business Insights, Markets and Markets
Drill Bit Market – By Type
- Fixed Bits
- Rolling Cone Bits
- PDC Drill Bits*
Where do PDC Bits fit into this Market?
Horizontal Wells – These require more time than a vertical well due to increased length and hence, increases total drilling expenses. The PDC Drill Bit is key drilling tool for Horizontal Drilling.
Multidirectional Drilling – The demand for advanced techniques in multi-directional drilling, utilizing applied PDC Bits, has demonstrated reduced downtime as a significant factor propelling the PDC drill bits market forward.
Time Sensitive Wells – The PDC Drill Bit has higher rotary speed that provides better drill rates and also reduces the chances of deviation in pursuit of a depth goal.
Customer Cost Savings – Though PDC Drill Bits are more costly than roller cone bits, it has substantially lowered the total drilling cost which has led to an increase of their overall use in the Drilling Sector.
The PDC Drill Bit Market
PDC Drill Bit Market Size
PDC Drill Bit Market – Growth Rate
The PDC drill bit market is poised for continued growth due to its capacity for high fluid volume, extended lifespan, and ability to undergo multiple runs
Serviceable Obtainable Market
- Onshore Market*
- Offshore Market
PDC Drill Bit Market Revenue %
Our Target Market
- Customers within North America and South America
- Manufacturers within North America and South America
- We will also target the Global Market, but will primarily focus on North and South America.
Our Market Approach
- We have strong connections in the largest markets, as well as the fastest growing markets.
- Through our current partnerships we will bring success to each and every customer.
Business Model
Diverse Revenue Streams from OUR Target Market
Sales
Comprehensive range of PDC drill bits available for purchase, meeting diverse drilling requirements.
Rigorous quality control ensures each product exceeds industry standards.
Rental Services
Flexible rental solutions for short-term projects or exploration ventures.
Well-maintained drill bits available on demand, minimizing downtime for our clients.
Our Target Market
Drilling and Service Companies in the Energy Sector.