New Drilling and Completion Technologies Boost U.S. Oil Production
BlueFire working with industry leaders to advance U.S. energy independence
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
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
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.
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BlueFire Equipment Corporation
William Blackwell, 866-713-3700
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