BlueFire Drilling Technology Produces Superior Results

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BlueFire Drilling Technology Produces Superior Results

Drill bit potentially lasts several times longer than conventional equipment

HOUSTON--(BUSINESS WIRE)-- BlueFire Equipment Corporation (OTCQB: BLFR) announced today that recent analysis of data from drilling results in Garvin County, Oklahoma, reveals its proprietary polycrystalline diamond cutter (PDC) drill bit outperforms competitive equipment.

According to drilling data, BlueFire's drill bit technology has the ability to save operators millions of dollars while reducing drilling time by more than 20% depending on the formation type.

The drilling data reveals that on a recent well in Oklahoma, BlueFire drilled to a Total Depth (TD) of 7,560 feet with an average rate of penetration (ROP) of 29 feet per hour. On a similar well in the same area, our competitor's TD was 7,250 feet with an average ROP of only 7 feet per hour. Our competitors used five drill bits, whereas BlueFire used only one, saving time and money.

Chairman and CEO of BlueFire Equipment Corporation William A. Blackwell said, "Now that we find ourselves in the midst of a new domestic oil boom, the industry is hungry to replace antiquated equipment with sophisticated technology to get more oil out of the ground and do it more efficiently." He added, "Not only does BlueFire currently offer this revolutionary PDC bit but we are also engaged in developing additional leading-edge products that will distinguish our company for years to come."

As previously announced, BlueFire's exclusive design has the ability to provide higher ROP and longer bit runs in hard rock formations and shales.

In order to improve performance and reduce drilling cost per foot, BlueFire bits employ large cutter face volumes for rapid drilling of shales, sandstones, limestones and sticky clays. These bits utilize premium PDC cutters for improved ROP and are designed with computational fluid dynamics (CFD) directed ports to accelerate cleaning and optimize cooling of large diameter PDC cutters. Company findings indicate a decrease of more than 30 percent in temperature on the cutting surfaces, drastically reducing cutter wear and extending the life of the bit.

Conventional bits use nozzles that eject drilling fluid into the bottom of the wellbore resulting in a general application and uneven distribution at the point of contact. BlueFire's bit design employs strategically aligned nozzles to concentrate high-pressure jet steams directly on the cutting edge, lubricating the interface between the cutters and the rock formation being drilled. Furthermore, improved cleaning and scouring action facilitates removal of cuttings. The result is a bit that runs cleaner and cooler.

Details about BlueFire Equipment Corporation and information about obtaining a quote are available at

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, 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 Corporation
William Blackwell, 866-713-3700

KEYWORDS:   United States  North America  Oklahoma  Texas


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