Bullboard - Stock Discussion Forum BlueFire Equipment Corp BLFR

BlueFire Equipment Corp. is a holding company. The Company is engaged in acquisitions and operations of oil and gas producing companies. The Company is focused on acquiring emerging prospects in the oil and gas industry. The Company is operating through its 100% owned subsidiaries West Texas Dirt Movers, Inc, which is an environmental construction company; and Reed Exploration, LLC, an oil and... see more

Add To Watchlist

OTCPK:BLFR - Post Discussion

BlueFire Equipment Corp > BlueFire Equipment Corp (BLFR) Acquires Screaming Eagle Part

View:

Post by averagepennies on Oct 19, 2023 9:33am

BlueFire Equipment Corp (BLFR) Acquires Screaming Eagle Part

Woodlands, TX., Oct. 19, 2023 (GLOBE NEWSWIRE) -- BlueFire Equipment Corp. (OTC: BLFR) (“BLFR” or the “Company”), a specialist in emerging industry acquisitions, announces the 90% acquisition of Screaming Eagle Partners, LLC (“Screaming Eagle”), a cashflow positive family-owned oil and gas company in the state of Texas.

Who is Screaming Eagle:

Screaming Eagle holds a 90% ownership interest in Screaming Eagle BNR JV, LLC. (the “JV”) formed in the year 2022 along with Buffalo XXII Operating, LLC. that holds the remaining 10% interest. The JV owns existing wells purchased from prior operators in the Fort Trinidad field with stacked pay zones near Madisonville TX which produces 5,950 barrels of oil/month and 17,800 MCF/month in natural gas. The JV will increase production during the next six months by executing a three well horizontal sidetrack drilling program and an eleven well workover program on existing wells.

https://www.globenewswire.com/news-release/2023/10/19/2763175/0/en/BlueFire-Equipment-Corp-BLFR-Acquires-Screaming-Eagle-Partners-LLC-a-Cashflow-Positive-Family-Owned-Oil-Gas-Company-in-Texas.html