US Patent 7946356 Systems and methods for monitored drilling

An item (e.g. a drill bit) handling method, the item for use in a well operation, the method including producing information about an item used for a specific well task, the information including design information and intended use information, producing an item identification specific to the item, associating the information with the item identification producing thereby an information package, installing the information package in at least one wave-energizable apparatus, and applying the at least one wave-energizable apparatus to the item.