BlueFire Equipment Corporation announced its team of scientists and engineers are working to finalize production of custom designed proprietary polycrystalline diamond cutter (PDC) drill bits for its international clients. Using advanced manufacturing techniques, BlueFire is optimizing and adapting its leading edge drill bit technology for international applications. Over the course of a drilling program, the company's technology has demonstrated the potential to save operators millions of dollars.

As previously announced, the BlueFire PDC bit drilled in excess of 200 feet per hour in the Powder River Basin, demonstrating excellent performance. The company's proprietary bit drilled more than 6,000 feet at the Campbell County, Wyoming location. The company'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.

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 using directed ports to accelerate cleaning and optimize cooling. Company findings indicate a decrease of more than 30% in temperature on the cutting surfaces, drastically reducing cutter wear and extending the life of the bit.