Abstract: A gripping tool 10 may be positioned in a well on a running string RS to at least temporarily secure the gripping tool to a borehole wall. The gripping tool includes a drag member 72, a plurality of slips 40, 48, and a cone member 30, 46. A slip setting mechanism 88 is provided for securing the slips in the radially inward position when the slip setting mechanism is run-in the well. At least one ramp moves the slip setting mechanism to a released position upon rotation of the running string in a first direction. A ratchet member rotationally releases the running string from the slip setting mechanism when the running string is rotated in an opposing direction. The tool may be set, released by pickup and returned to the run-in position, then reset without returning the tool to the surface.

Abstract: A gripping tool 10 may be positioned in a well on a running string RS to at least temporarily secure the gripping tool to a borehole wall. The gripping tool includes a drag member 72, a plurality of slips 40, 48, and a cone member 30, 46. A slip setting mechanism 88 is provided for securing the slips in the radially inward position when the slip setting mechanism is run-in the well. At least one ramp 120 moves the slip setting mechanism to a released position upon rotation of the running string in a first direction. A ratchet member 110 rotationally releases the running string from the slip setting mechanism when the running string is rotated in an opposing direction. The tool may be set, released by pickup and returned to the run-in position, then reset without returning the tool to the surface.