Abstract: A regulating valve assembly for regulating fluid flow through a passage, the assembly having: a back-flow valve comprising a seat and a closure element, wherein the closure element engages with the seat in a closed configuration and disengages from the seat in an open configuration; a lock in mechanical communication with the back-flow valve to lock the backflow valve in the open configuration; and a forward-flow valve in mechanical communication with the lock and comprising a seat and a closure element, wherein the closure element engages with the seat in a closed configuration and disengages from the seat in an open configuration.

Abstract: The present invention relates to a diverter tool used in a pipe string used to lower a liner and a cutting apparatus on the end thereof into a partially cased wellbore. The diverter tool has a diverter body that defines a longitudinal flow passage and has the diverter ports defined therethrough to communicate a drilling fluid displaced through the pipe string into the liner into an annular space around the diverter tool. The diverter tool has a closure member so that when the wellbore is drilled to its desired depth, the diverter ports through which drilling fluid is diverted may be closed and the liner may be cemented in the wellbore.

Abstract: The present invention relates to a diverter tool used in a pipe string to lower a liner into a partially cased wellbore. The diverter tool has a diverter body that defines a longitudinal central flow passage and has diverter ports defined therethrough to communicate and redirect fluids received in the liner to an annulus between the diverter tool in casing previously set in the wellbore. The diverter tool has first and second closure members. The first closure member is movable between open and closed positions on the diverter body. The second closure member is detachably connected in the diverter body in its open position and is movable to its closed position to prevent flow through the diverter ports.