Royalty Report: Energy Resources & Svcs, Oil & Gas Extraction, Machinery – Collection: 3915

License Grant

Licensor hereby grants to Licensee the exclusive, nontransferable (except as hereinafter provided) license, including the right to sublicense others, to use Licensor’s Technical Information, including Confidential Technical Information throughout the Licensed Territory.

License Property

Licensor owns technical information and Preparatory Designs relating to the Abrasive Fluid Jet Technology.

The licensing agreement was replaced in its entirety in August 2005 when the Licensor sold up to 50% of its interest in the abrasive fluid jetting technology that provides us the unrestricted right to use the technology and License the technology worldwide to others.  In return, the Licensee agreed to award 3 million shares of their stock to the Licensor and to fix the price of the 1 million previously awarded warrants.

The present disclosure relates to drilling and cutting systems and their methods of operation and, more particularly, to a method and apparatus for jet-fluid abrasive cutting.  A method and apparatus for down hole abrasive jet-fluid cutting, the apparatus includes a jet-fluid nozzle and a high pressure pump capable of delivering a high-pressure abrasive fluid mixture to the jet-fluid nozzle, an abrasive fluid mixing unit capable of maintaining and providing a coherent abrasive fluid mixture, a tube to deliver the high pressure coherent abrasive mixture down hole to the jet-fluid nozzle, a jetting shoe adapted to receive the jet-fluid nozzle and directing abrasive jet-fluid mixture towards a work piece, a jetting shoe controlling unit that manipulates the jetting shoe along a vertical and horizontal axis and a central processing unit having a memory unit capable of storing profile generation data for cutting a predefined shape or window profile in the work piece and coordinating the operation of various subsystems.

Applications of such cutting techniques are a proven feature in industries as diverse as munitions disposal in the military, offshore platform dismantlement in the salvage industry and cutting specialty glass and steel in the machining industry.

Field of Use

The Licensee believes the applied fluid and abrasive jetting technologies and related trade secrets may be instrumental for a competitive edge in the oil and gas service industry.

The term Field of Use refers to use of the Party’s Design Rights or technical information in the design, manufacture, storage, transportation, installation use, sale or marketing of Technology.

License Grant

Licensor hereby grants to Licensee a license to use the Down-hole Equipment, Technology, products patented method and apparatus, and Trade Secrets, hereinafter referred to collectively as the 'Landers Horizontal Technology', during the term hereof for the purposes and within the geographical area set forth herein, and subject to the terms and conditions hereof (referred to herein as either the 'License' or the 'Agreement').

License Property

The Landers Horizontal Drill (the technology embodying the patented method and apparatus U.S. Patent Nos. 5,413,184, 5,853,056,) is designed principally for the purpose of stimulating and enhancing oil and gas well production, by opening lateral channels extending radially from the wellbore.

License Grant

Licensor hereby grants to Licensee a license to use the Downhole Equipment, Technology, products patented method and apparatus, and Trade Secrets, hereinafter referred to collectively as the 'Landers Horizontal Technology', during the term hereof for the purposes and within the geographical area set forth herein, and subject to the terms and conditions hereof.

License Property

Licensor has the rights to license the proprietary well enhancement techniques and device known as the Landers Horizontal Drill (the technology embodying the patented method and apparatus); which technology is designed principally for the purpose of stimulating and enhancing oil and gas well production by opening lateral channels extending radially from the wellbore.

License Grant

The Company acquired complete ownership of Seller’s subsidiary that had as its principal assets (a) a Patent License Agreement with the a University respecting the technology. Pursuant to such Patent License Agreement, the Licensee now has the exclusive worldwide License rights for the use of Patent No. 6,705,403.

License Property

The inline electrical submersible pumps and jet pump technology.

Researchers at the University developed the jet pump technology.  It utilizes an inline Electrical submersible pump and jet pump to separate liquid and gas streams down-hole. As the Electrical submersible pumps pump the liquid, the free gas is entrained and compressed by the JP (located upstream from the Electrical submersible pumps), which is powered by the liquid being pumped. The compressed gas then rejoins the liquid stream and is pumped to the surface. Beneficially, the system allows, among other things, a submersible pump and a jet pump to be used in combination in a high gas-to-liquid ratio well without installing a gas vent line.

License Grant

PSI, PSIL, CCORE, and CURLETT hereby sell and assign to PARTICLE DRILLING, its successors and assigns, and CFLP hereby confirms the assignment made pursuant to the First Assignment to PARTICLE DRILLING of CFLP's, PSI's, PSIL's, CCORE's, and CURLETT's entire right, title and interest throughout the world in and to:

License Property

a. CFLP Inventions;
b. CFLP Patents/Applications;
c. CFLP Know-How;
d. All applications for patent or like protection on said CFLP Inventions or CFLP Know-How, including said CFLP Patents/Applications that have been made by CFLP or its legal representatives, including any continuation, continuation-in-part and any other utility applications that may be based on the CFLP Inventions, CFLP Patents/Applications, or CFLP Know-How, whether in the United States of America or any other place anywhere in the world, and all patents and like protection resulting therefrom, and all substitutions for and divisions, continuations, continuations-in-part, renewals, reissues, extensions, and the like of said applications and patents and like grants, including without limitation, those obtained or permissible under past, present and future laws and statutes;
e. All rights of action on account of past, present and future unauthorized use of the CFLP Inventions, CFLP Patents/Applications, or CFLP Know-How and for infringement of the CFLP Inventions, CFLP Patents/Applications, or CFLP Know-How and like protection;
f. The right to file in its own name applications for patents and like protection for the CFLP Inventions, CFLP Patents/Applications, or CFLP Know-How in the United States of America or any other place anywhere in the world; and
g. All international rights of priority associated with the CFLP Inventions; CFLP Patents/Applications; or CFLP Know-How; and like protection.

U.S. Patent No. 6,386,300-issued May 14, 2002, entitled 'Formation cutting method and system'; and
Published Patent Application No. 20020100615-filed March 12, 2002, entitled 'Formation cutting method and system' and
Unpublished Patent Application No. 60/463,903-filed April 16, 2003, entitled 'PID Drill Bit'; and
Unpublished Patent Application No. 60/473,832-filed May 27, 2003, entitled 'PID Cutter Concepts'

Field of Use

We are now engaged in the development of the Particle Impact Drilling System PID, a patented system utilizing a specially-designed fit for purpose drill bit fitted with jetting nozzles and polycrystalline diamond compact cutting structures for use in the oil and gas drilling industry.

In this prospectus, we refer to Particle Impact Drilling as PID or the PID technology and refer to our PID drilling system as the PID System. We refer to our drill bit as the PID bit. The nozzles in the PID bit serve to accelerate hardened steel particles entrained with ordinary drilling mud to fracture and remove the formation ahead of the bit. The PID System is primarily operated utilizing hydraulic energy that is available on drilling rigs used today in combination with the PID System equipment. Each particle is driven into the rock formation at a high velocity and delivers a force many times greater than the compressional strength of the rock, even in formations that exist in the subsurface at elevated hardness and stress. Depending on the volume of particles introduced into the drilling mud, the number of particle strikes on the formation is in excess of four million per minute, thereby yielding a higher rate of penetration than conventional drill bits in suitable formations.

License Grant

Licensee signed an Agreement with Licensor whereby we will have access to tool sets and technology support from Licensor and will operate Licensor tools on behalf of Licensor in Argentina.

License Property

This tool is run on coiled tubing and in combination with sliding sleeves, which can be opened sequentially (and later closed if desired) from the bottom (toe) of the horizontal well all the way to the top (heel). With this technology, as many as 20 stages can be isolated and stimulated in less than 12 hours.

The patented design includes a re-settable bridge plug with an equalizing valve. The Licenosr's system is capable of opening stimulation ports without actuating balls or pump down plugs which means that it is not necessary to go back in the hole after the well has been stimulated to drill out plugs or other production restrictions.

Field of Use

Licensee is a provider of coiled tubing, well stimulation, field management, and intelligent completion services to the upstream oil and gas industry.

License Grant

The Licensee, a worldwide offshore oil and gas drilling contractor announced that it has entered into a settlement and licensing Agreement with Licensor that resolves a patent dispute between the two companies and provides for the unrestricted use of dual drilling capabilities on three of the licensee's semisubmersible rigs.

License Grant

Licensor hereby grants to Licensee the perpetual and exclusive right and license to manufacture, market, sell and rent the Orbit Products utilizing the Orbit IP according to the following terms: (a)  The Orbit IP and any goodwill associated therewith are and shall at all times remain the property of Licensor unless and until Licensee exercises its Purchase Option. (b) Licensee shall use the Orbit IP at all times in connection with promoting the worldwide manufacture, market, sale or rental of the Orbit Products. (c) The Parties understand and agree that the Licensee's license to use the Orbit IP and perform the Operations is exclusive and perpetual subject to the terms and conditions contained herein.

License Property

The Licensor is the inventor of and has filed a United States patent application and other non-provisional applications on technology that is used on a subsurface drilling tool. The technology is intended to improved subsurface drilling tools that drill hard-rock formations.

U.S. Provisional Patent Application Serial No. 61/879,131 filed by Licensor, Inventor, on a certain subsurface drilling tool on September, 2013, and non-provisional applications filed on 5/29/14, U.S. Serial No. 14/290,597 and on 8/22/2014, U.S. Serial no. 14/465,907.

License Grant

COMPANY hereby grants and LICENSEE hereby accepts a license under the Licensed Patents to make, use, and sell Licensed Products for use in the Licensed Field of Use within the Licensed Territory.  An exclusive worldwide license is granted for technology applicable in medical and surgical fields related to ophthalmological applications.

License Property

DESCRIPTION                          PATENT #               ISSUED

SURGICAL LIQUID LANCE APPARATUS*              5,037,431            AUG 6, 1991

METHOD AND APPARATUS FOR TISSUE               5,322,504            JUN 21, 1994

EXCISION AND REMOVAL BY FLUID JET**

FLUID JET SURGICAL CUTTING INSTRUMENT         5,591,184            JAN 7, 1997

METHOD AND APPARATUS FOR TISSUE               5,674,226            OCT 7, 1997

EXCISION AND REMOVAL BY FLUID JET

FLUID JET SURGICAL CUTTING TOOL               5,562,692            OCT 8, 1996

HYDROJET APPARATUS FOR REFRACTIVE             5,643,299            JUL 1, 1997

SURGERY

METHOD OF USING FLUID JET SURGICAL            5,735,815            APR 7, 1998

CUTTING TOOL

METHOD AND APPARATUS FOR THERMAL            08/755,622            AUG 4, 1998

PHOCOEMUSIFICATION BY FLUID THROTTLING

METHOD AND APPRATUS FOR DENTAL              08/890,496           SEPT 28, 1998

TREATMENT USING HIGH PRESSURE LIQUID
JET

Field of Use

'Licensed Field of Use' means the medical and surgical fields  related to ophthalmological applications.

License Grant

This Agreement is a worldwide, exclusive, transferable, and sublicensable License to the invention, the Licensed Patent, and the Related Patents pertaining to the downhole separation of a gas and a liquid.

License Property

Licensed Patent shall mean and include the United States Letters Patent No. 6,761,215 by James E. Morrison and Guy Morrison III, entitled “Downhole Separator and Method”  and all reissues or reexaminations thereof.

License Grant

The Netherlands Company granted a non-exclusive technology and trademark license agreement (without right to sub-license) to connection technology in the licensed territory of Mexico and its offshore waters.

License Property

The technology, technical assistance and patents licensed hereunder embodies the manufacturing processes of cutting threads and reconstructing connections on full length tubular products, excluding drill pipe, and accessory equipment.

Accessory Equipment shall mean the threaded items necessary to complete a well to produce oil and gas, such as crossovers, connectors, pup joints, liner hangers, landing nipples, packers, packer stringers, end line pressure control equipment, safety valves, gas lift valve mandrels, lift plugs, lift caps, hydrostatic test plugs, hydrostatic test caps, handling plugs, handling caps, discharge head hangers, float shoes, float guides, float collars, flow couplings, collars, blast joints, tubing anchors, side pocket mandrels, couplings and similar equipment as defined in API Standards series 5, latest edition, but excluding the items, Threaded Couplings, casing, and tubing.

License Grant

The Grantor, an individual as its President and Chief Executive Officer, hereby grants to Grantee the sole and exclusive right and License to manufacture, use, sell, and otherwise similarly exploit the Invention Property until the expiration of the Invention Property or any reissue thereof unless sooner terminated in accordance with any provision hereof. Furthermore, Grantor has invested and designed various other devices and methods, and anticipates inventing and designing various other devices and methods, which can be utilized by Grantee. Some, but not all, of such devices have been built (as prototypes) and have or will be tested.

License Property

Grantor filed a United States Patent Application, Serial Number 08/471,774, for the device and method known as 'Subterranean Rotation-Inducing Device and Method' on June 6, 1995. The United State Patent and Trademark Office granted a Patent on such Application by issuance of Patent Number 5,584,342. Grantor has also filed provisional patent application 60/787,906 and and a non-provisional patent application filing 11/693,568 for certain jet powered down hold driven tools. Grantor anticipates that such additional devices and methods referred to above, will require prosecution of U.S. and/or international Patent Applications. Collectively, Patent Number 5,584,342 and provisional patent application 60/787,906 and patent application 11/693,568 and any and all additional Patent Applications or Letters of Patent are referred to herein as the “Application.”

The Parties intend for all such devises and methods, including devises and methods developed, invented or designed while Grantor is employed by Grantee or its subsidiaries, to be provided for and governed by this Licensing Agreement. Thus, collectively, all such devices and methods described above are referred to herein as the 'Invention'.

Grantor has invented, designed, and built a device and method for inducing relative rotation in a remote location of an upper portion and a lower portion in response to relative axial movement (patent 08/471,774 Subterranean Rotation-Inducing Device and Method).

This invention relates to the rotation-inducing device.  More specifically, it is directed to a device that provides rotation of a lower portion relative to a nonrotating upper portion and that provides subterranean operation or operation in another similar remote location.

An example of an operation in a similar remote location includes removing blockage in a pipe having discrete access sites. However, a number of applications, such as coil tubing fishing operations, alignment of directional coil tubing drilling operations, down-hole impact hammer applications, and pipe line cleaning operations, either require rotation at the remote location or would be enhanced thereby.