A new logging tool that is will identify the free point in drill collars, drill pipe, tubing, or casing has been developed and field tested. The tool is commercially available in the wireline service sector for drilling support and well abandonment operations. Unlike previous free point methods, which used strain measurements of the pipe obtained as a series of stations with and without the application of pipe stretch or torque at each station, this new method is simply overlay of two logging passes. The first logging pass is recorded with the pipe in a neutral weight condition, and the second logging pass is recorded with tension or torque applied to the pipe. The tool utilizes the property of steel called magnetostrictive effect. When a mechanical stress is applied to the steel, the magnetization of the material is modified. Thus when torque or tension is applied to the pipe that is free to move, their magnetization will change. If the pipe is not free to move their magnetization will remain the same. The tool has been successfully tested in steel alloys that have minimal magnetic properties. This new logging tool has many advantages over legacy free pipe determination methods. First, from a rig safety standpoint, the application of pipe stretch, or torque is applied only once for a few minutes for the logging pass. With legacy free point methods numerous stationary measurements were required, with the pipe being stretched/torqued at each station. Since determination of free point is a comparison of two logging passes, real time operations and 24/7 satellite communications allow remote based operator and service company pipe recovery experts to be involved with the well site decisions. While this new technology uses a comparison of two logging passes, well site operations is not dependent on a pipe recovery expert with extensive hands on experience to be on location, or delays waiting for pipe recovery experts to arrive on location. This benefit is extremely important with the aging of the industries workforce. The small diameter logging tool is run centralized, and does not require weight bars added to the tool for slip engagement, this shortens the length of the tool string and simplifies e-line rig up procedures. Introduction Previous generation free point tools utilized strain gauge measurements which detected the stretch or rotation of the drill sting when the free point tool was mechanically anchored in the drill sting and force applied to the pipe. The determination of the free point required many stationary measurements over the estimated stuck point region with the drill string in a neutral condition and then again with either tension, or torque being applied during each recording. Mechanical slip engagement of the strain gauge sensor in the vertical and azimuthal planes is critical. This method often requires many hours of rig time and the talents of a highly skilled free point logging expert. The tool utilizes the property of steel called magnetostrictive effect1. When a mechanical stress is applied on steel material; the magnetization of the material is modified. When torque or tension is applied to the pipe that is free to move, their magnetization will change. If the pipe is not free to move their magnetization will remain the same.