Abstract: A system for capturing displaced fluid or pumping fluid through tubulars being run into or out of the wellbore is described. Embodiments are supported by a traveling block and top drive unit with telescoping features to rapidly seal over a tubular to connect the tubular to a mud system.

Abstract: A mudsaver valve having a large flow capacity is described to keep fluid from spilling when the apparatus is removed from the tubular. This mudsaver valve also provides for pumping of fluid into the tubular or flow of fluid from the tubular to the mud system prior to removing the apparatus from the tubular. In these embodiments, the apparatus can be placed in threaded sealing contact with the tubular and can incorporate a safety valve that can be manually closed in the event of a well kick.

Abstract: A system for capturing displaced fluid or pumping fluid through tubulars being run into or out of the wellbore is described. Embodiments are supported by a traveling block and top drive unit with telescoping features to rapidly seal over a tubular to connect the tubular to a mud system. Alternative sealing arrangements for sealing inside the tubular connection are also disclosed. These alternate sealing arrangements also provide flow areas larger than the tubular body since no portion of these arrangements enter the tubular body. All of the sealing arrangements provide a biased area whereby any internal pressure in the invention forces the seals into more intimate contact with their mating seal surfaces. A mudsaver valve having a large flow capacity is described to keep fluid from spilling when the apparatus is removed from the tubular. This mudsaver valve also provides for pumping of fluid into the tubular or flow of fluid from the tubular to the mud system prior to removing the apparatus from the tubular.