Baker Hughes has been granted a patent for a downhole tool with a unique design. The tool includes a housing, movable member, release member, and a floating nut secured to a shear member. The tool aims to improve downhole operations in the oil and gas industry. GlobalData’s report on Baker Hughes gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Baker Hughes, Oil well fracking was a key innovation area identified from patents. Baker Hughes's grant share as of January 2024 was 59%. Grant share is based on the ratio of number of grants to total number of patents.
Downhole tool with magnetic field release mechanism
A recently granted patent (Publication Number: US11885184B2) discloses a downhole tool designed for use in wellbore systems. The tool comprises a housing, a movable member, a release member, a release member displacement cap with a magnetic field, and a float member secured to the release member and movably received in a recess in the movable member. The float member is capable of radial movement within the recess and is rotationally fixed relative to the movable member. Additionally, the tool includes a shear release member and a float member displacement arrangement, both utilizing magnetic fields for operation.
The patent also outlines methods for operating the downhole tool, including loading the release member, releasing it, and displacing the float member deeper into the recess. Another method involves engaging the release member with the float member and drawing the float member partially out of the recess with the release member, potentially into contact with the housing. Furthermore, the patent describes a wellbore system incorporating the disclosed downhole tool as part of a string within a borehole in a subsurface formation. This innovative tool and associated methods aim to enhance downhole operations in the oil and gas industry, offering improved functionality and efficiency in wellbore systems.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
