Convertible valve with retained conversion element

1. A convertible valve comprising:

a valve gate movable between a first open position and a second closed position;

a seat movable between a first position and a second position, wherein said seat, in said first position, maintains said valve gate in said first open position, and wherein said seat, in said second position, allows said valve gate to move into said second closed position;

a conversion element retained in said seat, responsive to fluid flow through said convertible valve by acting upon said seat to move said seat between said first position and said second position; and

at least one bi-direction fluid flow passage allowing passage of fluids up to a first pressure, wherein passage of fluids above said first pressure causes said conversation element to act upon said seat to move said seat between said first position and said second position to allow movement of said valve gate from said first open position to said second closed position, and wherein said at least one bi-directional fluid flow passage is formed through a body of said seat.

2. A convertible valve comprising:

a valve gate movable between a first open position and a second closed position;

a seat movable between a first position and a second position, wherein said seat, in said first position, maintains said valve gate in said first open position, and wherein said seat, in said second position, allows said valve gate to move into said second closed position;

a conversion element retained in said seat, responsive to fluid flow through said convertible valve by acting upon said seat to move said seat between said first position and said second position; and

at least one bi-direction fluid flow passage allowing passage of fluids up to a first pressure, wherein passage of fluids above said first pressure causes said conversation element to act upon said seat to move said seat between said first position and said second position to allow movement of said valve gate from said first open position to said second closed position, and wherein said at least one bi-directional fluid flow passage is defined as a recess on a periphery of said seat.

3. A convertible valve comprising:

a valve gate movable between a first open position and a second closed position;

a seat movable between a first position and a second position, wherein said seat, in said first position, maintains said valve gate in said first open position, and wherein said seat, in said second position, allows said valve gate to move into said second closed position;

a conversion element retained in said seat, responsive to fluid flow through said convertible valve by acting upon said seat to move said seat between said first position and said second position; and

at least one bi-direction fluid flow passage allowing passage of fluids up to a first pressure, wherein passage of fluids above said first pressure causes said conversation element to act upon said seat to move said seat between said first position and said second position to allow movement of said valve gate from said first open position to said second closed position, and wherein said at least one bi-directional fluid flow passage is at least partially defined between said seat and said conversion element.

4. A convertible valve comprising:

a valve gate movable between a first open position and a second closed position;

a seat movable between a first position and a second position, wherein said seat, in said first position, maintains said valve gate in said first open position, and wherein said seat, in said second position, allows said valve gate to move into said second closed position;

a conversion element retained in said seat, responsive to fluid flow through said convertible valve by acting upon said seat to move said seat between said first position and said second position;

a second valve gate movable between a first open position and a second closed position;

a second seat movable between a first position and a second position, wherein said second seat, in said first position, maintains said second valve gate in said first open position, and wherein said second seat, in said second position, allows said second valve gate to move into said second closed position; and

wherein said conversion element is extrudable from said seat and receivable in said second seat to cause said conversion element to act upon said second seat to move said second seat between said first position and said second position to allow movement of said second valve gate from said first open position to said second closed position.

5. The convertible valve of claim 4 , wherein said conversion element is extrudable from said second seat.

6. A method of converting a valve comprising:

providing a first convertible valve, including a valve gate movable between a first open position and a second closed position, a seat movable between a first position and a second position, at least one shear device, and a conversion element retained in said seat;

passing a fluid through said first convertible valve at a first pressure;

raising said fluid pressure to a second pressure to cause said shear device to shear, moving said seat from said first position to said second position, and allowing said valve gate to move from said first open position to said second closed position;

attaching a second convertible valve, including a second valve gate moveable between a first open position and a second closed position, a second seat moveable between a first position and a second position, and at least one second shear device, downbore from a first convertible valve;

extruding the conversion element from said seat of said first convertible valve;

landing the conversion element in said second seat;

causing said second shear device to shear to allow movement of said second seat from said first position to said second position; and

allowing said second valve gate to move from said first open position to said second closed position.