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.
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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
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Copyright Business Wire 2013