ALEXANDRIA, Va., April 15 -- United States Patent no. 12,601,229, issued on April 14, was assigned to Advanced Tool & Supply LLC (Broussard, La.).
"Multi-purpose compensator system" was invented by Bryan Duhon (Sunset, La.) and Shannon Duhon (Rayne, La.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A compensator system includes an expandable frame assembly configured to compensate for motion of a floating platform or vessel in relation to a seafloor below. The expandable frame assembly includes a retainer for supporting a tubular member and a tubular string below. When the expandable frame assembly is in a first position, a first tool assembly, such as a coiled tubing assembly, may be connected to the tubul...