BLFR BlueFire Equipment Corporation Developing Plans to Capture Market Share
BLFR BlueFire Equipment Corporation Developing Plans to Capture Market Share
BlueFire's proprietary technologies set to impact the drilling industry
HOUSTON--(BUSINESS WIRE)-- 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.
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 Texas
INDUSTRY KEYWORDS:
The article BLFR BlueFire Equipment Corporation Developing Plans to Capture Market Share originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
