1. n. [Drilling]

The process of pulling the drillstring out of the wellbore for the purpose of changing a worn or underperforming drill bit. Upon reaching the surface, the bit is usually inspected and graded on the basis of how worn the teeth are, whether it is still in gauge and whether its components are still intact. On drilling reports, this trip may be abbreviated as TFNB (trip for new bit).

See related terms: bit record,  tripping pipe