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VERNAL, Utah, Jan. 22, 2016 -- Superior Drilling Products, Inc. (NYSE MKT:SDPI) (“SDP” or the “Company”), a provider of drilling products for the oil, natural gas and mining services industries, announced today that Lane Snell, the Company’s Vice President of Engineering, has been invited to address the International Association of Directional Drilling (IADD) at its monthly meeting to be held at Southwestern Energy Company (NYSE:SWN) in Houston, Texas on January 28, 2016 at 11:30 a.m. Central.
The topic of Mr. Snell’s presentation will be “Drill-N-Ream™: The Benefits of Using a Well-bore Conditioning Tool.” Conditioning the well-bore during drilling provides many benefits to the drilling process and after reaching Total Depth (TD). While drilling, a quality well-bore improves weight on bit transfer, lessens torque and drag, and reduces drill string vibrations. This results in faster rate of penetration and longer life for downhole tools. After TD is reached, a quality well-bore eliminates the need for dedicated wiper trips, improves running casing and also increases the quality of the cement bond.
Mr. Snell will highlight why the unique reaming assembly technology of the Company’s patented Drill-N-Ream™ well bore conditioning tool, enables faster, more efficient and precise directional drilling that produces lower drilling and overall production costs.
A graduate of the South Dakota School of Mines and Technology, Mr. Snell began his career with Hughes Tool Company, which was later incorporated into Baker Hughes. He advanced through various engineering positions over 24 years, including Field Engineer in Denver, Colorado, District Engineer for the Rocky Mountain area and a Region Engineer for North America. Mr. Snell also developed special products for applications around the world as a Project Engineer. He joined SDP in May 2014. Mr. Snell has two patents issued and three pending. Four of the patents are related to bit features and one is related to a method of drilling boreholes based on mechanical specific energy determined by the weight on bit and torque measurements at the bit.
About the International Association of Directional Drilling
The International Association of Directional Drilling (IADD) is dedicated to promoting directional drilling, as well as advancing the technology, competence and knowledge of its members. IADD is also focused on helping the industry develop standards that will ensure the safest and most effective directional drilling operations. IADD offers a series of training programs designed to help the industry address the ever-changing requirements of today’s wells. IADD also communicates important industry breakthroughs and educational opportunities for this fast-paced, ever-changing industry to members through its websites, eNewsletters, social media, and industry-leader presentations at monthly luncheons and forums. For more information on the IADD and its programs, visit its website at www.iadd-intl.org.
About Superior Drilling Products, Inc.
Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company. The Company manufactures, repairs, sells and rents drilling tools. SDP manufactures and markets drill string tools, including the patented Drill-N-Ream™ well bore conditioning tool, for the oil, natural gas and mining services industries. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field services company. SDP operates a state-of-the-art drill tool machining facility manufacturing for its customer’s custom products and solutions for the drilling industry. The Company’s strategy is to leverage its technological expertise in drill tool technology and innovative, precision machining to broaden its drill tool technology offerings for rent or sale, while establishing an effective sales and logistics infrastructure through which it can provide proprietary tools to exploration and production companies and drill rig operators.
Additional information about the Company can be found at its website: www.sdpi.com.
For more information, contact investor relations: Deborah K. Pawlowski / Garett K. Gough Kei Advisors LLC (716) 843-3908 / (716) 846-1352 [email protected] / [email protected]
