BlueFire Equipment Corporation (OTCQB: BLFR) announced today that recent analyses of data from drilling results in the field indicate its proprietary polycrystalline diamond cutter (PDC) drill bit technology is a potential game changer in the drilling industry.

On a recent well in Oklahoma, the BlueFire PDC bit drilled to a depth of 6,500 feet with only one bit, outperforming a major competitor by four bits and seven days. Feedback from this and other operators using BlueFire’s PDC bits is that over the course of a drilling program, BlueFire’s technology has the ability to save operators millions of dollars.

Chairman and CEO of BlueFire Equipment Corporation William A. Blackwell said, “BlueFire is pleased to be part of the improved drilling technology that is boosting exploration across the country and leading to energy independence for the U.S.”

As previously announced, BlueFire’s exclusive design has the ability to provide higher rates of penetration (ROP) and longer bit runs in hard rock formations and shales, representing a breakthrough in drilling technology.

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.