ALEXANDRIA, Va., June 17 -- United States Patent no. 12,312,881, issued on May 27, was assigned to Saudi Arabian Oil Co. (Dhahran, Saudi Arabia).

"Intelligent powerslip and power lock system for running and retrieving tubulars from a wellbore" was invented by Oladele Owoeye (Dhahran, Saudi Arabia) and Ayodeji Abegunde (Dhahran, Saudi Arabia).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods include a computer-implemented method for the operation of an intelligent powerslip including interfacing with a powerlock system. Measurements from multiple sensors are monitored using an interface between a powerlock and a powerslip of a well. The measurements measure weights, pressures, and temperatures...