System and method for monitoring and maintaining hydrostatic pressure during tripping operations, stripping operations, and axial pipe operations

A tripping system for maintaining pressure in an annulus during axial movement of drilling pipe in a well, the system comprising:

• a trip tank wherein drilling fluid flows from the annulus to the trip tank, wherein the drilling fluid flows from the trip tank to the annulus;
• a volume measurement device measuring the volume of the drilling fluid within the trip tank;
• a pump that directs drilling fluid from the trip tank to the annulus;
• a back pressure device located downstream from the annulus, wherein the back pressure device opens and closes to vary the flow of the drilling fluid from the annulus to adjust the back pressure of the well;
• and
• a computing device that detects that the volume of the drilling fluid within the trip tank is not within a lower volume limit and an upper volume limit, wherein the computing device adjusts the lower volume limit and the upper volume based upon the amount of pipe within the well.

A tripping system for maintaining pressure in an annulus during axial movement of drilling pipe in a well, the system comprising:

• a trip tank wherein drilling fluid flows from the annulus to the trip tank, wherein the drilling fluid flows from the trip tank to the annulus;
• a volume measurement device measuring the volume of the drilling fluid within the trip tank;
• a pump that directs drilling fluid from the trip tank to the annulus;
• wherein the pump circulates the drilling fluid through a spool located below a rotating control device connected to the well.

A tripping system for maintaining pressure in an annulus during axial movement of drilling pipe in a well, the system comprising:

• a trip tank wherein drilling fluid flows from the annulus to the trip tank, wherein the drilling fluid flows from the trip tank to the annulus;
• an upstream flow measurement device that measures flow of the drilling fluid from the trip tank to the annulus;
• a downstream flow measurement device that measures flow of the drilling fluid from the annulus to the trip tank;
• a volume measurement device measuring the volume of the drilling fluid within the trip tank;
• a pump that directs drilling fluid from the trip tank to the annulus, wherein the pump circulates the drilling fluid through a rotating control device connected to the well;
• wherein the pump circulates the drilling fluid through a spool located below the rotating control device connected to the well.