Oh I see.  So it sounds like after drilling the hole, you would rip it lengthwise, slicing the hole  hole that is open to the top that a pipe (barrel) mounts in. 


One blog that I scanned used a ball end router bit on a router table instead of trying to drill a deep hole in the end.  This eliminates the need to drill deep.   Of course you would use a straight bit to hog out as much as possible before running the ball end bit into it from the end.  


--Nathan, TX. Hire the lazy man. He may not do as much work but that's because he will find a better way.