New Drilling and Completion Technologies Boost U.S. Oil Production BlueFire working with industry leaders to advance U.S. energy independence Business Wire HOUSTON -- December 17, 2013 As new technologies are being attributed for the uptick in U.S. oil production, BlueFire Equipment Corporation (OTCQB: BLFR) continues to advance its drilling innovations by adding customization and expanding its product portfolio. The Energy Information Administration (EIA) reported that in October, the U.S. produced more crude oil than it imported, a first since 1995. EIA spokesman Jonathan Cogan said the boom in U.S. oil production “has been primarily driven by development of crude oil resources in shale and other tight rock formations, especially in North Dakota and Texas.” Chairman and CEO of BlueFire Equipment Corporation William A. Blackwell said, “BlueFire is proud to be part of the circle of technology companies working to help increase domestic production and move the U.S. towards energy independence.” As previously announced, BlueFire Equipment’s team of scientists and engineers are working to further calibrate and adapt its highly advanced drilling equipment for a variety of environments and rock formations. Details about BlueFire Equipment Corporation and information about obtaining a quote are available at www.bluefireequipment.com. About BlueFire Equipment Corporation (OTCQB: BLFR) BlueFire Equipment Corporation designs and manufactures proprietary drilling technologies for the exploration and production of oil and gas domestically and in international markets. It sells and leases various sizes of polycrystalline diamond cutter (PDC) drill bits to drilling contractors and oil and gas companies. Founded in 2008, BlueFire Equipment Corporation is headquartered in Houston, Texas, where other major exploration and production companies have a presence, including ExxonMobil, BP and ConocoPhillips. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution. Contact: BlueFire Equipment Corporation William Blackwell, 866-713-3700
New Drilling and Completion Technologies Boost U.S. Oil Production
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