BlueFire Equipment Corporation’s management team has begun making plans
to capture market share in the oil and gas equipment industry as the
company’s game-changing designs promise a likely paradigm shift in drill
bit technology.
Following last week’s announcement of BlueFire’s intent to relocate its
corporate headquarters, the company has begun to make plans to
accommodate explosive growth. William Blackwell, Chairman and CEO of
BlueFire, said, “Energy consumption in the U.S. and globally will
continue to grow and BlueFire desires to contribute to ensuring domestic
energy security. We are committed to meeting the growing demands of our
customers for innovative drill bit designs while building an early
competitive advantage through our pioneering technology.”
Blackwell added that through years of research, development and
technological innovation, BlueFire’s team of scientists and engineers
have designed a drilling product that runs cleaner and cooler. As stated
by BlueFire, this piece of equipment offers operators the potential for
substantial time and money savings.
According to the American Petroleum Institute’s (API) website, “New
technologies and drilling techniques. . . are opening up access to
previously unreachable energy resources and helping boost domestic
production.” BlueFire is focused on delivering value through cost
effective solutions while offering unparalleled engineering and
manufacturing techniques.
More information about BlueFire Equipment Corporation can be seen at www.BlueFireequipment.com.
About BlueFire Equipment Corporation (BLFR)
BlueFire Equipment Corporation designs and manufactures proprietary
drilling technologies for use in the exploration and production of oil
and gas in the United States. It sells and leases various sizes of
polycrystalline diamond cutter (PDC) drill bits to drilling contractors
and oil and gas companies. BlueFire Equipment Corporation was founded in
2008 and is headquartered in Houston, Texas. BlueFire competes in a
market that also includes Halliburton, Baker Hughes and Schlumberger.
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Copyright Business Wire 2013