ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,716,326, issued on Aug. 25, was assigned to Halliburton Energy Services Inc. (Houston).

"Deep-set insert valve using magnetic coupling" was invented by Michael Linley Fripp (Singapore), Mohan Gunasekaran (Singapore) and Kevin Robin Passmore (Carrollton, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A downhole system may include an insert frame securable within a central bore of a tubing retrievable safety valve that has driver magnet configured to project a magnetic field and move axially along a control line in the tubing retrievable safety valve. The downhole system may include an insert flapper connected to the insert frame and configured to a...