Profile: Smith Bits designs, manufactures and markets roller cone and PDC drill bits used in oil & gas exploration. Our products include 2 cone bits, 3 cone bits, fixed cutter PDC bits and percussion bits. Two-cone bits have lower tooth counts than equivalent three-cone bits, and higher point loading per tooth for improved formation penetration. The bits also benefit from current technology for insert geometries & the latest carbides and hardfacing materials. The percussion bits feature tough & durable diamond enhanced inserts that increase footage drilled and lower cost per foot. The PD gauge feature eliminates the need for reaming, improving the life of the subsequent bit and providing wellbore for running casing.