ALEXANDRIA, Va., July 7 -- United States Patent no. 12,674,362, issued on July 7, was assigned to Shear Bits Inc. (Spring, Texas).

"Combination shear and gouging cutting element and well construction tools made therewith" was invented by John James Herman (Cypress County, Canada), Carl M. Hoffmaster (Houston) and Felix Schweighofer (Calgary, Canada).

According to the abstract* released by the U.S. Patent & Trademark Office: "A cutter for a well construction tool has a cutting structure affixed to a substrate, which defines a monotonically decreasing diameter with respect to an axial distance from an interface between the cutting structure and the substrate. A shear surface formed in the cutting structure intersects a surface of the cuttin...