QualityStocks would like to highlight BlueFire Equipment, Inc. (
OTCQB: BLFR), a Houston based company that is developing proprietary drilling technologies for the extraction of oil and gas. The BlueFire Team has spearheaded years of research and development into groundbreaking designs that are changing the drilling industry. Their revolutionary PDC bit can drill faster and deeper than conventional bits resulting in potentially major savings for operators.
In the company’s news,
BlueFire, not content with resting on the laurels of their already impressive PDC bit technology, developed over several years using frontline industry experience and the genius insights into fluid dynamics/thermodynamics provided by the company’s R&D team leader, noted physicist Dr. Anatoli Borissov, debuted their latest answer to seemingly endless global shale recovery demand today, with the roll out of a line of premium steel bits.
This move follows up on the company’s rousing successes with their matrix PDC bit line (more expensive tungsten carbide), providing drillers a more economical, but still extremely high quality tool. The new bits feature the same proven elements that operators have come to know and love, like strategically aligned high-pressure jet nozzles paired with large-face polycrystalline diamond compact (PDC) cutters (resulting in a much better/lubricated cut and also improving bit lifespan), but the new bits also feature novel design improvements that were kicked up during the latest development effort by BLFR’s scientists. The team has hit upon some key new methods with this latest design, yielding a high performance unit with enhanced calibration of the cutters to the bit body, an impressive feat that was achieved as the company went back to the drawing board over their first made-to-order bid for international markets.
Chairman and CEO of BLFR, William Blackwell, emphasized the optimal economics and performance of this new steel bit line for both domestic and international markets, where aggressive developers will likely flock to the hard rock and shale devouring capabilities of this considerable improvement upon the company’s standard technology. Blackwell tipped his hat to markets that this debut would usher in some serious expansion potential for BLFR as developers at home and abroad rush to snap up these more advanced technologies for going after untapped reserves, with a constant drive to increase output from existing fields spurring momentum forward.
Rigorous testing has shown that Houston-headquartered BLFR’s field-proven design reduces temps on the PDC cutters by over 300 Celsius (572 Fahrenheit, as much as a 30% temperature reduction), with the directed port technology not only preserving bit life and sweetening overall rates of penetration, but more ably clearing cuttings, improving operational consistency itself. The minimum hassle, maximum performance and lifespan profile of BLFR bits, already well known throughout industry, is about to go to a whole new level with this ltatest, extremely compelling offering. Investors should keep a close eye on BLFR performance as the roll-out gains traction.
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This release may contain forward-looking statements 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
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