HYBRID DRILL BIT WITH AXIALLY ADJUSTABLE COUNTER-ROTATION CUTTERS IN CENTER
A hybrid drill bit includes both fixed cutting elements and an adjustable cutting structure thereon. An adjustment mechanism is provided to allow an axial position of cutting elements at a leading end of the adjustable cutting structure to be adjusted with respect to an axial position of the fixed cutting elements. The adjustable cutting structure may include counter rotational cutting members mounted obliquely with respect to a bit body rotational axis, and the adjustment mechanism may dynamically support the adjustable cutting structure such that the axial position of the cutting elements may be adjusted as the drill bit is in operation within a wellbore. The axial position may be adjusted by altering a weight applied to the drill bit within the wellbore.