A combination refrigeration displacement and drain device is disclosed that can be mounted within a heat exchanger, such as a shell and tube heat exchanger, which may be used for example as a heat exchanger in a chiller unit, which may be used in an HVAC or refrigeration system. One example of such components can include heat exchangers, such as for example a condenser employing a gravity drain. Advantageously, the combination refrigeration displacement and drain device herein can provide a refrigerant charge reduction for example that is used in the chiller unit, while facilitating drainage out of the heat exchanger. The combination refrigeration displacement and drain device can alleviate the liquid refrigerant accumulation that may normally be necessary to induce flow in a gravity drain design.