ALEXANDRIA, Va., June 16 -- United States Patent no. 12,655,708, issued on June 16, was assigned to SCHLUMBERGER TECHNOLOGY Corp. (Sugar Land, Texas).

"Electric annular with internal motor" was invented by Bruce Boulanger (Katy, Texas) and Gerrit Kroesen (Katy, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments described herein provide a well valve assembly, comprising a housing having an axial passage for flowing well fluid through the tool; a component disposed within the housing around the axial passage, the component having a circular circumference and an outer wall with a circumferential thread on the outer wall; a gate assembly disposed within the housing and configured to open and close ...