Abstract: An earth boring bit formed from an alloy comprising a low carbon content and high molybdenum content is disclosed herein. The molybdenum content is greater than about 0.8% to about 1.15% by weight of the alloy. The carbon content may range up to about 0.16% by weight of the alloy. The alloy may further comprise alloy further comprises manganese, phosphorus, sulfur, silicon, nickel, chromium, copper, aluminum, vanadium, and calcium; with the balance being iron. The alloy experiences a relatively flattened hardenability curve and low martinsite formation.

Abstract: An earth boring bit has a steel body having at least one leg with a depending bearing pin. A cone having cutting elements is rotatably mounted to the bearing pin. A ball plug weld is on the outer surface of the leg. A layer of hardfacing applied to part of the outer surface of the leg, the hardfacing having carbide particles in a matrix. A corrosion resistant coating containing at least 50% nickel is formed on parts of the outer surface of the leg that are free of the layer of hardfacing both above and below the ball plug weld.

Abstract: An earth boring bit has a steel body having at least one leg with a depending bearing pin. A cone having cutting elements is rotatably mounted to the bearing pin. A ball plug weld is on the outer surface of the leg. A layer of hardfacing applied to part of the outer surface of the leg, the hardfacing having carbide particles in a matrix. A corrosion resistant coating containing at least 50% nickel is formed on parts of the outer surface of the leg that are free of the layer of hardfacing both above and below the ball plug weld.

Abstract: An earth-boring bit has bit legs having hardfacing covering the majority of the outer surface. The hardfacing may have gaps at an area surrounding the ball plug and an area around a fixture dimple. The hardfacing may be multi-layer, with the layers differing in composition. Recesses may be located at the leading and trailing edges of the supporting metal so as to provide a thicker area of hardfacing at these corners. The supporting metal of the outer surface of the bit leg may also have an upper cylindrical section and a lower tapered section. The hardfacing has a constant outer diameter but will taper in thickness in the lower tapered section. The thickness of the hardfacing may also vary in a circumferential direction with a greater thickness over at least one of the corners.

Abstract: An earth boring bit formed from an alloy comprising a low carbon content and high molybdenum content is disclosed herein. The molybdenum content is greater than about 0.8% to about 1.15% by weight of the alloy. The carbon content may range up to about 0.16% by weight of the alloy. The alloy may further comprise alloy further comprises manganese, phosphorus, sulfur, silicon, nickel, chromium, copper, aluminum, vanadium, and calcium; with the balance being iron. The alloy experiences a relatively flattened hardenability curve and low martinsite formation.