ALEXANDRIA, Va., June 10 -- United States Patent no. 12,291,955, issued on May 6, was assigned to SAUDI ARABIAN OIL COMPANY (Dhahran, Saudi Arabia).

"Real-time model of rig and bit hydraulics efficiency" was invented by Mohammed Murif Hassan Al-Rubaii (Dammam, Saudi Arabia) and Saleh Mohammed Al-Harbi (Dhahran, Saudi Arabia).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for optimizing drilling performance of a drilling operation is discloses. The method includes determining, while advancing a drill bit during the drilling operation based on drilling parameters specified by a user, a rate of penetration (ROP), acquiring, using sensors disposed throughout a rig of a well, sensor measurement data relat...