New Drilling and Completion Technologies Boost U.S. Oil Production
18 December 2013 - 12:30AM
Business Wire
BlueFire working with industry leaders to advance U.S. energy
independence
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.
BlueFire Equipment CorporationWilliam Blackwell,
866-713-3700
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