BLFR Joins Major Entities Like Boeing, NASA, and Peugeot who use 3D printing to Process Metal Components

BlueFire Equipment Corporation (OTCQB: BLFR) is exploring additive or 3D manufacturing techniques for the production of its proprietary polycrystalline diamond cutter (PDC) drill bits. The process is expected to expand engineering capabilities and dramatically reduce costs.

Joining the likes of major entities such as Boeing, NASA and Peugeot who have successfully begun incorporating 3D processes to manufacture metal components, BLFR is positioning itself to begin integrating 3D technology into the production of its proprietary PDC drill bit.

Additive manufacturing, or 3D printing, is a proven technology currently being used to produce a wide variety of objects from consumer products to automotive parts. It is a process by which three-dimensional objects in a diversity of shapes are manufactured using digital models. Metallic, plastic, ceramic or composite materials can be employed using this process, which involves building the required object by adding successive layers of material to achieve the desired shape.

3D Printing Industry Expected to Grow to $6 Billion by 2017; $10.8 Billion by 2012

"Today, industrial additive systems are producing high grade metal parts with properties that match or exceed the properties of cast metal parts. In the future, we expect to see a greater variety of metal alloys available. "
- Terry Wohlers, Leading Authority on 3D Printing



blfr set for amazing returns

“The United States sits on some of the largest deposits of shale natural gas in the world. Gas reserves in the United States make the country the Saudi Arabia of natural gas.”
–T. Boone Pickens

BLFR is THE FUTURE OF DRILLING

Drilling reports from BlueFire’s customers indicate an average savings of three to four days on certain wells, which translated into a savings of up to $60,000 to $70,000 per well.

These savings more than double when you consider the fact that one BLFR bit can potentially last several times longer than their competitor’s bits.

"We have had surprising results using the BlueFire drill bits. In fact, wells in which we were using 4-5 bits per well; we now use only one BlueFire bit." - BlueFire Customer

Permian Basin Exceeds $2.5 Billion Monthly Production Revenue

According to the Energy Research Department of Raymond James & Associates, Inc., the Permian Basin, one of the nation's most prolific conventional basins, is ready to begin another ramp-up in both investment and development.

Based upon current energy prices, the Permian Basin's million barrels per day production represents $2.5 billion to $3 billion a month in production revenue.

Realizing the financial impact and magnitude of this sector of the energy industry, BlueFire Equipment Corporation (OTCQB: BLFR) has recently established a local business presence in the area to allow greater accessibility to the company's proprietary polycrystalline diamond cutter (PDC) drill bit technology.

BlueFire Equipment Corporation Chairman and CEO William A. Blackwell said, "BlueFire's mission is to provide high performance technology to drill wells more efficiently and economically." He added, "With the financial impact of oil production in this area, BlueFire is committed to ensuring operators can obtain the superior equipment they need along with responsive customer service."

BlueFire's PDC drill bits are expected to become a sought-after commodity in the Permian Basin for their higher rates of penetration (ROP) and longer bit runs in hard rock formations and shales such as those found in the area. This proprietary bit may provide much faster and longer drilling without the need to stop and pull the entire drill pipe out of the well to replace a spent drill bit. According to recent findings, some wells can be drilled using a BlueFire bit without a single bit change, potentially saving considerable time and money for the driller. Last month, BlueFire announced it is working with the United States Patent and Trademark Office for an additional drilling tool patent.

BLFR | CHANGING THE GAME!

The United States is at a crossroads. Oil is over $90 a barrel and natural gas is near a ten year low.

Recent advances in geological exploration and extraction techniques have revealed that the USA is sitting on some of the largest reserves of natural gas in the world.

Due to recent technological paradigm shifts, the domestic oil and gas industry is booming and BLFR’s innovative technology is poised to meet this explosive growth.

Developments in Iran and Syria have spread geopolitical strife throughout much of the Middle East. But, despite these times of uncertainty, there seems to be a general consensus among analysts; inflation and global demand for oil is in the forecast.

If history is any indicator of times to come, this will follow with oil and gas prices skyrocketing! BLFR will be there to supply the inevitable demand for oil and gas equipment.

With this newfound supply comes a surge of exploration and production companies that are competing to profit!

BLFR is anticipating explosive growth in this field and is prepared to supply the needs of domestic oilfield operators as well as those abroad.

At BLFR, they are developing solutions that will benefit customers as well as investors.

"Nationwide, oil and gas contributed nearly $238 billion to the U.S. economy in 2012. Oil and gas production currently supports more than 1.7 million U.S. jobs, and is projected to support nearly 3 million jobs by 2020."

– IHS, Consulting & Advisory Services

BLFR vs. the competition

Drilling for hydrocarbons creates an environment where even the strongest materials are put to the test. There is an enormous amount of heat and pressure generated at the cutting surface.

The diamond teeth of drill bits are commonly known as PDC cutters. The runtimes of these diamond bits are usually determined by the limiting factors of pressure and friction. Drilling fluids are used to reduce the exposure of the bit to these harsh stratum conditions.

Conventional bit designs have traditionally relied on two or three nozzles to aim the drilling fluid towards the bottom of the hole. The fluid then washes mud past the PDC cutters, in effect cleansing and cooling the point of contact.

BLFR has improved upon this design by optimizing the thermodynamics and placement of nozzles on the bit. BLFR's patented design aligns the jets directly onto the cutter face. The result is a potentially higher ROP and increased run time of the bit. This could translate in to huge savings for operators and big gains for investors.

 

LOTE introduced at $1.00 and reached $22 for a gain of 2000%!

News Updates

3D Printing Fueling Resurgence in Domestic Manufacturing

BlueFire Equipment Corporation (OTCQB: BLFR) reported today its 3D printing initiative is well underway for the production of its proprietary polycrystalline diamond cutter (PDC) drill bits. Once in place, the process is expected to expand engineering capabilities and dramatically reduce costs. >>

BlueFire Equipment Corporation Files Patent with USPTO

New technology may unlock significant reserves - BlueFire Equipment Corporation (OTCQB: BLFR) revealed today that it has filed a provisional patent application for its proprietary offshore production technology at the United States Patent and Trademark Office (USPTO). The filing is currently under review by a USPTO examiner. >>

BlueFire's 3D Research and Development Initiative Underway

Drill bit innovator joins leading edge industries using 3D manufacturing systems - BlueFire Equipment Corporation (OTCQB:BLFR) revealed the formation of its 3D or additive manufacturing initiative for the production of its proprietary polycrystalline diamond cutter (PDC) drill bits. >>

BlueFire Increases Competitive Advantage With 3D Manufacturing

Additive manufacturing of BlueFire drill bits holds prospect of industry paradigm shift - BlueFire Equipment Corporation (OTCQB: BLFR) announced today it is exploring additive or 3D manufacturing techniques for the production of its proprietary polycrystalline diamond cutter (PDC) drill bits. The process is expected to expand engineering capabilities and dramatically reduce costs. >>

Drilling Results Expand BlueFire's Opportunities in Powder River Basin

Rates of penetration exceeding expectations - BlueFire Equipment Corporation (OTCQB: BLFR) announces drilling rates of penetration (ROP) in excess of 200 feet per hour in Powder River Basin, demonstrating excellent performance. The company's proprietary bit has already drilled over a mile, reaching a terminal depth of 7,800 feet at the Campbell County, Wyoming location. >>

Offshore Drilling Boom Fuels Opportunity for BlueFire

BlueFire preparing to develop advanced offshore production equipment - As reported by the Bureau of Safety and Environmental Enforcement (BSEE), offshore drilling is booming in the Gulf of Mexico. In part this is due to the development of new technologies that reduce operational costs and risks, and new reservoir discoveries with high production wells. >>

BlueFire Attorney Finalizing Patent Application

Offshore production equipment design adds to BlueFire's intellectual property - BlueFire Equipment Corporation (OTCQB:BLFR) announced today that its patent attorney is reviewing and finalizing a provisional patent application for its proprietary offshore production equipment. The new equipment design is yet another platform in BlueFire's growing portfolio of intellectual property, and is being filed as a direct result of recent meetings with an oil major regarding technology development. >>

BlueFire Establishes Research Lab in Houston Area

New facility to further energize research and development activities - BlueFire Equipment Corporation (OTCQB: BLFR) disclosed today that it has established its new research lab. The high-tech space consists of a fully equipped lab for its dynamic research and development component, and will house BlueFire's corporate headquarters. >>

Russian Physicist Anatoli Borissov Rejoins BlueFire Team

Drill bit potentially lasts several times longer than conventional equipment - BlueFire Equipment Corporation (OTCQB: BLFR) announced today that Dr. Anatoli Borissov will rejoin the company's team as its chief operating officer. >>

Permian Basin Exceeds $2.5 Billion Monthly Production Revenue

BlueFire technology expected to attract operators seeking superior performance - According to the Energy Research Department of Raymond James & Associates, Inc., the Permian Basin, one of the nation's most prolific conventional basins, is ready to begin another ramp-up in both investment and development. >>

Permian Basin Drillers Respond Favorably to BlueFire Products

Proprietary PDC drilling technology well received during CEO visit - BlueFire Equipment Corporation (OTCQB: BLFR) announced today that its CEO William Blackwell has recently returned from a successful series of meetings in the Midland, Texas area. Blackwell met with prospective clients that were pleased to learn more about BlueFire's proprietary drill bit technology and indicated high interest in the company's products. >>

BlueFire Signs Agreement with Permian Basin Distributor

Company presence expected to generate substantial business in the region - BlueFire Equipment Corporation (OTCQB: BLFR) announced today that it has signed an agreement with Midland, Texas agent Tom Willis to serve as its representative in the Permian Basin. Willis will facilitate a local business presence for BlueFire, allowing greater collaboration with customers in the region. He will make BlueFire's proprietary polycrystalline diamond cutter (PDC) drill bit technology more accessible to drillers operating in the area and engage the company in other transactions for equipment and services. >>

BlueFire Team Collaborates with Prospective Oil and Gas Clients in Midland Area

Midland has always been an oil town, and now it is experiencing a resurgence of growth and prosperity - BlueFire Equipment Corporation (OTCQB: BLFR) announced today that it has commenced talks with exploration and production companies in the Midland, Texas, area regarding its proprietary polycrystalline diamond cutter (PDC) drill bit technology. >>

BlueFire Set to Compete in U.S. Oil and Gas Resurgence

As the new U.S. oil boom continues to unfold, BlueFire Equipment Corporation (OTCQB: BLFR) announced today that its proprietary polycrystalline diamond cutter (PDC) drill bit technology is poised to be part of the technological advances driving the resurgence in oil and gas exploration. >>

LOTE introduced at $1.00 and reached $22 for a gain of 2000%!

Interesting Facts

Patented Bit Design

BlueFire (BLFR) has developed a patented bit design that could revolutionize the industry!

Cleaner & Cooler

BLFR's bits run cleaner and cooler resulting in higher rates of penetration and longer run times.

Reduced Drilling Costs

BLFR's drilling technology saves time and offers huge cost savings to operators.

PATENTED TECHNOLOGY

BLFR has patented a technology that could revolutionize the drilling industry!

BLFR’s engineers have spearheaded years of research and development into a groundbreaking design that results in a higher Rate of Penetration (ROP) and lower costs associated with drilling for hydrocarbons.

BLFR offers an economical solution for oil and gas companies with a new technology designed to reduce drilling costs.

This disruptive technology has already outperformed the competition in both field and laboratory settings. These studies have been evidenced by empirical data that illustrates the cost saving benefits of BLFR bits versus the competition.


"The U.S. oil boom is moving Congress closer than it has been in more than three decades to easing the ban on exporting crude imposed after the Arab embargo."

Advances such as hydraulic fracturing are leading to record production that may outstrip refinery capacity within 18 months to three years, said Benjamin Salisbury, a senior energy policy analyst at FBR Capital Markets Corp. in Arlington, Virginia. Net petroleum imports now account for about 40 percent of demand, down from 60 percent in 2005, according to the U.S. Energy Information Administration, the Energy Department research unit.

“We have the capability here in the United States, in North America, to make OPEC NOPEC.”

Congress has limited oil exports since the 1973-74 Arab oil embargo triggered shortages that pushed up prices and led to long lines at gas stations. An increase in domestic production last year by a record 766,000 barrels a day is challenging a notion that Americans need foreign oil, while setting up a debate policy makers may be reluctant to begin.

"Americans are unbelievably politically sensitive to oil and more specifically to gasoline prices," Salisbury said in an interview. "For politicians to do anything, the pain has to come first. You have to see the rig count fall and then and only then can we have a decision about whether we want to export crude."

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