A tool for boring, of various forms and sizes, usually turned by means of a brace or bitstock. See Bitstock.
A bit is the drilling tool that bores or cuts into the earth. There are two basic types: the cable tool bit which moves up and down the hole, striking the bottom, chipping away the rock, and the rotary bit which revolves to grind the rock. The rotary is the modern technique used in most drilling operations.
the cutting or boring element used in drilling oil and gas wells. This bit consists of a cutting element and a circulating element. The circulating element permits the passage of drilling fluid and utilized the hydraulic force of the fluid stream to improve drilling rates. In rotary drilling, several drill collars are joined to the bottom end of the drill pipe column, and the bit is attached to the end of the string of drill collars. Most bits used in rotary drilling are roller cone bits, but diamond bits are also used extensively.