ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,383,968, issued on Aug. 12, was assigned to PROSHALE LLC (Spring, Texas).

"Pipe cutting tool" was invented by Martin Mauro Nebiolo (Neuquen Capital, Argentina), Cristian Brendstrup (Neuquen Capital, Argentina), Christian Cerne (Spring, Texas) and Gustavo Dietrich (Neuquen Capital, Argentina).

According to the abstract* released by the U.S. Patent & Trademark Office: "A pipe-cutting tool, which can be independently pumped down to cut a wellbore pipe or casing, is disclosed. When the tool is lowered into the wellbore, a pump down ring, included in the tool, remains flush with the inner surface of the pipe. To power the tool's descent, high-pressure fluid is pumped into the wellbore. On...