New drilling and completion technologies boost U.S. oil production

Source:BlueFire Equipment Corporation

New drilling and completion technologies boost U.S. oil production As new technologies are being attributed for the uptick in U.S. oil production, BlueFire Equipment Corporation (BLFR) continues to advance its drilling innovations by adding customization and expanding its product portfolio.

The Energy Information Administration (EIA) reported that in October, the U.S. produced more crude oil than it imported, a first since 1995. EIA spokesman Jonathan Cogan said the boom in U.S. oil production “has been primarily driven by development of crude oil resources in shale and other tight rock formations, especially in North Dakota and Texas.”

Chairman and CEO of BlueFire Equipment Corporation William A. Blackwell said, “BlueFire is proud to be part of the circle of technology companies working to help increase domestic production and move the U.S. towards energy independence.”

As previously announced, BlueFire Equipment’s team of scientists and engineers are working to further calibrate and adapt its highly advanced drilling equipment for a variety of environments and rock formations.

Details about BlueFire Equipment Corporation and information about obtaining a quote are available at www.bluefireequipment.com.

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