Alaska Patent of the Month – May 2024
MagTec Alaska, LLC is one of Alaska’s largest providers of equipment rentals, equipment services and camps in the Oil & Gas industries. Recently, the company has been granted a patent for their transportable slurry box – a solution poised to improve cold-weather drilling operations.
This device aims to prevent cuttings slurry from freezing during transport in frigid climates. Traditional vacuum boxes often struggle with this issue, leading to significant delays and operational inefficiencies. MagTec’s solution ensures seamless, efficient, and non-frozen slurry transport, even in the harshest conditions.
At the heart of this invention is a robust portable tank, designed to be easily transported by various vehicles. The tank’s interior is meticulously engineered to hold the cuttings slurry securely. Key to its functionality is an integrated heating unit, which generates a heated fluid flow. This heated fluid circulates through a strategically positioned heat loop within the tank, maintaining a consistent internal temperature to prevent freezing.
Adding to its efficiency, the tank is insulated, further enhancing its ability to retain heat. This thoughtful design ensures that the slurry remains in a fluid state, ready for unloading upon reaching its destination. The inclusion of a movable door provides easy access to the tank’s interior, facilitating straightforward loading and unloading processes.
The slurry box is equipped with a wheel set, allowing for smooth roll-on-roll-off operations from vehicles. This feature significantly reduces the time and labor typically required in slurry transport, optimizing overall operational workflows.
MagTec’s slurry box is not just a functional triumph but a robust, durable solution built to withstand the rigors of cold-weather operations. Its rectangular cuboid shape maximizes storage capacity while ensuring stability during transit. By integrating advanced heating technology and practical design elements, MagTec has set a new standard for slurry transport in the oil and gas industry, enhancing both efficiency and reliability in challenging environments.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.