US Patent Issued to SCHLUMBERGER TECHNOLOGY on March 24 for "Dynamic balancing of well construction and well operations planning and rig equipment total cost of ownership" (Texas Inventor)

ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,023, issued on March 24, was assigned to SCHLUMBERGER TECHNOLOGY Corp. (Sugar Land, Texas).

"Dynamic balancing of well construction and well operations planning and rig equipment total cost of ownership" was invented by Stephane Moynet (Katy, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "Computer program products, systems containing computer program products, and methods are disclosed for considering rig equipment asset life and maintenance costs in decisions related to well construction/operations planning. A method may include utilizing sensor measurements to generate and record condition indicators for equipment over time and using the co...