ALEXANDRIA, Va., Sept. 1 -- United States Patent no. 12,723,475, issued on Sept. 1, was assigned to Helmerich & Payne Inc. (Tulsa, Okla.).

"Tubular handling apparatus and methods" was invented by Patrick Millican (Sapulpa, Okla.), Jerry Ray Prescott Jr. (Tulsa, Okla.) and Bart Draeger (Broken Arrow, Okla.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A tubular handling apparatus includes a plurality of pipe beams defining a pipe rack, a plurality of tiering arms, each having a first recess, and a plurality of lifting arms. Each lifting arm corresponds to one of the plurality of tiering arms and each lifting arm includes a second recess proximate a first end of each of the lifting arms. Each second recess is...