HOUSTON--(EON: Enhanced Online News)--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.
“Finding solutions to safely produce high-temperature, high-pressure wells have the potential to unlock some major oil and gas reserves.”
Chairman and CEO of BlueFire Equipment William A. Blackwell said, “We are working very hard to file this application as fast as possible to protect our design so we can move straight into development of this exciting new technology.” He added, “Finding solutions to safely produce high-temperature, high-pressure wells have the potential to unlock some major oil and gas reserves.”
BlueFire’s first patent filing related to its polycrystalline diamond cutter (PDC) drill bit technology was issued on January 24, 2012 as U.S. Patent 8,100,201. A second patent disclosing further claims for PDC drill bits and methods is currently under review by the United States Patent and Trademark Office, file number 12/833,413.
As previously announced, BlueFire’s proprietary PDC drill 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 bit. According to company findings, some wells can be drilled using a BlueFire bit without a single bit change, potentially saving drillers considerable time and money.
Details about BlueFire Equipment Corporation and information about obtaining a quote are available 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, where other major exploration and production companies have a presence.
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