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The investigation continues for the disappearance of a $40,000 drill bit recently stolen from Devon Energy in Calumet.
Captain Kevin Ward with the Canadian County Sheriff’s Department said the theft is still under investigation.
On Jan. 18, a Devon Energy representative reported the theft of a Halliburton 8 3/4-inch drill bit, cutter type X3 Extreme Drilling Model FX65D IADC Code M423 body type Matrix taken between 4 p.m. Jan. 15 and 4 p.m. Jan. 16 near their site in Calumet, near Jones and Walbaum, Ward said.
“We’re working on it. We’re working with Devon security, in conjunction with them, to find out who stole it,” he said.
“It isn’t something you pick up and walk away with … It’s a couple hundred pounds,” making this more than a one-man job, Ward said.
Due to the drill bit’s size, it is suspected to have been smuggled in the bed of a truck since it would not fit inside the cab, he said.
Ward said this piece of equipment has “a shallow market … you can’t take it to a pawn shop and get rid of it.”
The drill bit contains the serial number 12045241, and he said he hopes this will be a red flag when the equipment resurfaces.
Thefts of this sort were common in the past but “this is the first one in several years,” he said.
Anyone with information regarding this theft is encouraged to call the Canadian County Sheriff’s Department at 262-3434.