Patents Assigned to IPS Optimization Inc.
  • Patent number: 8181706
    Abstract: In a hydrocarbon producing wellbore, liquids (oil, condensate, water of mixtures thereof) from the formation may accumulate and build up a hydrostatic pressure gradient, which can kill gas production. Various embodiments of the present invention include a plunger lift system that can remove said formation liquids from a wellbore. A piston, including a sleeve with a hollow passage may travel downhole, accumulate formation liquids and utilizing the gas pressure deliver said formation liquids to the top of the wellbore for removal. The piston face may be one single wall that closes the hollow passage or the piston face may be comprised of a plug and an seat that unite to form a complete piston face downhole. Aspects of the plunger lift system, for example the sleeve and or the plug may be at least partially formed from materials that are buoyant in the formation liquids.
    Type: Grant
    Filed: May 21, 2010
    Date of Patent: May 22, 2012
    Assignee: IPS Optimization Inc.
    Inventor: Michael Spencer Tanton