ALEXANDRIA, Va., March 5 -- United States Patent no. 12,241,356, issued on March 4, was assigned to MOTIVE DRILLING TECHNOLOGIES INC. (Dallas).
"System and method for drilling a borehole" was invented by Todd W. Benson (Dallas) and Teddy C. Chen (Austin, Texas).
According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for obtaining and using information regarding drilling equipment performance. Drilling equipment performance data can be stored in a database and then accessed by a computer system, which can also access information regarding a well plan and information regarding the drilling of a well. The drilling information for the drilling equipment from previously drilled wells can be normalized, ...