ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,435,583, issued on Oct. 7, was assigned to PRUITT TOOL & SUPPLY Co. (Fort Smith, Ark.).
"System and method for monitoring and maintaining hydrostatic pressure during tripping operations, stripping operations, and axial pipe operations" was invented by Jason Finley (Greenwood, Ark.), Don Hannegan (Fort Smith, Ark.), John Thomas Stites III (Salisaw, Okla.) and Benjamin Micah Spahn (Alma, Ark.).
According to the abstract* released by the U.S. Patent & Trademark Office: "The trip system closely monitors and ensures that the hydrostatic pressure of the wellbore stays consistent throughout the tripping process, stripping process, and axial pipe operations. The core components of the system ...