A Summary of Nippon Steel investigation of washouts in drill pipe dated May 95:
Coated Pipe Bare Pipe
Footage Purchased 130,000 feet 65,000 feet Pipe in Service 2 years 1 year Washouts to Date 0 22 Estimated Cost Associated with Washouts 0 $2,200,000 Cost of Failed or Replacement Pipe 0 $66,000 Total Cost of Failure 0 $2,266,000