Abstract: A device for regulating fluid flow in a well is provided. The device may include: a body member having a central bore extending therethrough, at least one flow port, and a first valve seat; a sleeve member movably disposed within the central bore of the body member, and having a second valve seat adapted for cooperable sealing engagement with the first valve seat; means for selectively controlling movement of the sleeve member to regulate fluid flow through the at least one flow port; and conduit means for transmitting energy to the movement means. The conduit means may include a first and a second hydraulic control line, a single hydraulic control line, or a single electrical conductor. The movement means may include: a piston connected to the sleeve member and movable in response to a combination of hydraulic fluid, pressurized gas, spring force, and/or annulus pressure; or an electric motor connected to the sleeve member.

Abstract: In a broad aspect, the invention is directed to a well locking device having a shear ring for retaining a setting wedge within a well lock housing during running, setting, locking, and removing the well locking device within a bore of a well tubing. In a particular embodiment, the well locking device may include a no-go shoulder provided on the running tool used to locate and set the well lock downhole within the tubing.

Abstract: A fully redundant drawworks is provided with two complete and totally independent systems for controlling and powering the drum and drum shaft of the drawworks. Each system broadly comprises at least one source of power (e.g., a motor or engine), a power transmission means, preferably of the gear or chain type, and some means of mechanically coupling the power source, transmission and drum shaft together. Each system may also be provided with a brake means, such as one or more disc, band, electric or water-cooled brakes. In the event that any component of either system fails, the fully redundant drawworks will still have the ability to raise drill pipe from a bore hole and thus avoid the risk of a “stuck” drill pipe.

Abstract: In a broad aspect, the invention is an infinitely variable ratio transmission that may include an input shaft connected to a carrier plate. The input shaft is disposed within the bore of a sun gear. At least one planetary gear is rotatably attached to the carrier plate. A ring gear is connected to an output shaft. The at least one planetary gear is disposed between and meshed with the ring gear and the sun gear. A pump having a first and second gear enclosed within a housing is disposed about the input shaft. The second gear is attached to the sun gear. A pump oil pickup passageway connects an inlet port on the pump to a pump oil reservoir. A pump oil return passageway connects an outlet port of the pump to the reservoir. A control valve is provided to regulate fluid flow through the pump. Various clutch arrangements are disclosed to provide a reverse mode.