Safety valve

Claim 2

A safety valve for installation within a well flow conductor comprising: a. a housing means with a longitudinal flow passageway extending therethrough; b. a valve closure means having a first position allowing fluid flow through the longitudinal flow passageway and a second blocking fluid flow through the longitudinal flow passageway; c. means for latching the valve closure means in its first position; d. an actuator sleeve slidably disposed within the housing means and partially defining the longitudinal flow passageway; e. a piston means attached to the actuator sleeve and partially defining a variable volume chamber between the exterior of the actuator sleeve and the interior of the housing means; f. means for equalizing fluid pressure between the chamber and fluid pressure exterior to the housing means; g. the actuator sleeve having means for releasing the latching means; and h. means for shifting the valve closure means from its first position to its second position after the latching means has been released.

Claim 3

A safety valve, as defined in claim 1, wherein the latching means further comprises: a. the valve closure means having a valve extension slidably disposed between the exterior of the actuator sleeve and the interior of the housing means; b. a plurality of radial openings through the valve extension; c. a ball disposed within each radial opening; d. an annular groove on the interior of the housing means and sized to be engaged by the balls; and e. the longitudinal spacing of the annular groove and radial openings selected such that the valve closure means is in its first position when the balls engage the annular groove.

Claim 4

A safety valve, as defined in claim 1, wherein the means for releasing the latching means comprises an annular groove on the actuator sleeve near the end opposite the piston means.

Claim 5

A safety valve, as defined in claim 1, wherein the means for shifting the valve closure means comprises: a. a flange on the end of the actuator sleeve opposite the piston means; and b. a shoulder on the valve closure means facing the flange and engageable therewith to allow the actuator sleeve to shift the valve closure means from its first position to its second position.

Claim 6

A safety valve, as defined in claim 1, wherein the means for shifting the valve closure means further comprises: a. the valve closure means having a valve extension slidably disposed between the exterior of the actuator sleeve and the interior of the housing means; b. a recess formed on the interior of the housing means spaced longitudinally between the chamber and the end of the housing means adjacent to the valve closure means; c. a flange on the valve extension slidably disposed within the recess; d. a shoulder within the recess facing the flange; and e. a spring, disposed within the recess, having one end abutting the flange and the other end abutting the shoulder whereby the spring is compressed when the valve closure means is in its first position and the spring shifts the valve closure means to its second position after the latching means has been released.

Claim 7

A safety valve, as defined in claim 1, further comprising: a. an annulus formed between the exterior of the actuator sleeve and the interior of the housing means with the piston means slidably disposed therein; b. a portion of the annulus comprising the variable volume chamber; and c. the equalizing means comprising a port extending from the chamber through the housing means and allowing fluid communication with the exterior of the safety valve.

Claim 8

A safety valve, as defined in claim 1, wherein the valve closure means further comprises: a. a valve extension slidably disposed between the actuator sleeve and the interior of the housing means; b. a poppet type valve means attached to the valve extension; and c. annular sealing means on the exterior of the valve means engageable with a valve seat on one end of the housing means.

Claim 9

A safety valve, as defined in claim 1, further comprising means for releasably locking the safety within the well flow conductor.

Claim 10

A safety valve for installation within a well flow conductor comprising: a. a housing means; b. means for locking the safety valve within the well flow conductor; c. a longitudinal flow passageway extending through the housing means; d. an actuator sleeve slidably disposed within the housing means and partially defining the longitudinal flow passageway; e. an annulus formed between the exterior of the actuator sleeve and the interior of the housing means; f. piston means slidably disposed within the annulus and attached to one end of the actuator sleeve; g. seal means carried by the housing means and engaging the exterior of the sleeve spaced longitudinally from the piston means; h. a variable volume gas chamber, formed within the annulus between the piston means and seal means, biasing the actuator sleeve to slide longitudinally in one direction with respect to the housing means when fluid pressure within the chamber is higher than fluid pressure in the longitudinal flow passageway; i. a valve closure means at least partially disposed within the housing means having a first position allowing fluid flow through the longitudinal flow passageway and a second position blocking fluid flow through the longitudinal flow passageway; and j. means for latching the valve closure means in its first position to the housing means until fluid pressure within the chamber exceeds fluid pressure within the longitudinal passageway by a preselected value.

Claim 11

A safety valve for installation within a well flow conductor comprising: a. a housing means; b. means for locking the safety valve within the well flow conductor; c. a longitudinal flow passageway extending through the housing means; d. an actuator sleeve slidably disposed within the housing means and partially defining the longitudinal flow passageway; e. an annulus formed between the exterior of the actuator sleeve and the interior of the housing means; f. piston means slidably disposed within the annulus and attached to one end of the actuator sleeve; g. seal means carried by the housing means and engaging the exterior of the sleeve spaced longitudinally from the piston means; h. a variable volume gas chamber, formed within the annulus between the piston means and seal means, biasing the actuator sleeve to slide longitudinally in one direction with respect to the housing means when fluid pressure within the chamber is higher than fluid pressure in the longitudinal flow passageway; i. a valve closure means at least partially disposed within the housing means having a first position allowing fluid flow through the longitudinal flow passageway and a second position blocking fluid flow through the longitudinal flow passageway; and j. means for latching the valve closure means in its first position to the housing means until fluid pressure within the chamber exceeds fluid pressure within the longitudinal passageway by a preselected value.

Claim 12

A safety valve, as defined in claim 9, wherein the latching means further comprises: a. the valve closure means having a valve extension slidably disposed between the exterior of the actuator sleeve and the interior of the housing means; b. a plurality of radial openings through the valve extension; c. a ball disposed within each radial opening; d. an annular groove on the interior of the housing means and sized to be engaged by the balls; and e. the longitudinal spacing of the annular groove and radial openings selected such that the valve closure means is in its first position when the balls engage the annular groove.

Claim 13

A safety valve, as defined in claim 10, further comprising: a. means for releasing the latching means carried on the actuator sleeve; and b. means for shifting the valve closure means from its first position to its second position after the latching means has been released.

Claim 14

A safety valve, as defined in claim 11, wherein the means for releasing the latching means comprises an annular groove near the end of the actuator sleeve opposite the piston means.

Claim 15

A safety valve, as defined in claim 12, wherein the means for shifting the valve closure means comprises: a. a flange on the end of the actuator sleeve opposite the piston means; and b. a shoulder on the valve closure means facing the flange and engageable therewith to allow the actuator sleeve to shift the valve closure means from its first position to its second position.

Claim 16

A safety valve, as defined in claim 12, wherein the means for shifting the valve closure means further comprises: a. the valve closure means having a valve extension slidably disposed between the exterior of the actuator sleeve and the interior of the housing means; b. a recess formed on the interior of the housing means spaced longitudinally between the chamber and the end of the housing means adjacent to the valve closure means; c. a flange on the valve extension slidably disposed within the recess; d. a shoulder within the recess facing the flange; and e. a spring, disposed within the recess, having one end abutting the flange and the other end abutting the shoulder whereby the spring is compressed when the valve closure means is in its first position and the spring shifts the valve closure means to its second position after the latching means has been released.

Claim 17

A safety valve, as defined in claim 12, further comprising a port extending from the chamber through the housing means and allowing fluid communication with the exterior of the safety valve.

Claim 18

A safety valve, as defined in claim 12, wherein the valve closure means further comprises: a. the valve extension slidably disposed between the actuator sleeve and the interior of the housing means; b. a poppet type valve means attached to the valve extension; and c. annular sealing means on the exterior of the valve means engageable with a valve seat on one end of the housing means.