Headquartered in Houston, Texas, Bluefire Equipment Corp. provides unique tools for the oil and gas industry. The Company is developing proprietary drilling technologies for the extraction of oil and gas. Bluefire’s emphasis is on premier engineering and manufacturing techniques.
Mr. William Blackwell is the Chairman, Chief Executive Officer, and President and Director of Bluefire Equipment Corp. Mr. Blackwell is a Legend Member of the National Society of Professional Engineers, Texas Society of Professional Engineers, Associate Member of the American Association of Petroleum Geologists, and also a Licensed Professional Engineer in Texas.
Pertaining to PDC (Polycrystalline Diamond Compact) Drill Bits, the Company’s exclusive technology provides maximum Rate of Penetration (ROP) as well as longer bit runs in hard rock formations and shales. The diamond teeth of drill bits are typically known as PDC cutters.
Bluefire Equipment bits utilize large face volumes for fast drilling of shales, sandstones, limestones, and sticky clays. In addition, the Company’s bits employ first-class PDC cutters for improved ROP. The design of them is with CFD (Computational Fluid Dynamics) directed ports to speed up cleaning and optimize cooling of large diameter PDC cutters.
Dr. Anatoli Borissov heads the research and design team at Bluefire Equipment. Dr. Borissov is a well-known physicist. His expertise is in thermodynamics and fluid dynamics. He has used CFD to optimize Bluefire bits in the product development cycle.
The Company’s design utilizes strategically aligned nozzles to concentrate high-pressure jet streams directly upon the cutting edge that lubricates the points of contact where the cutters meet the drilling surface. The result is a bit that runs cooler as well as cleaner. This results in longer bit runs.
In addition, the hydraulic configuration enables the removal of free-floating particles and cuttings away from the cutting surface and into the annulus. In essence, Bluefire’s technology permits operators to drill quicker and deeper than conventional bit designs.
The Company’s technology provides a practical solution to extending the longevity of PDC drill bits through more effectively cleaning and cooling the face of the cutters at the point where they are engaged in cutting geological formations. Bluefire’s design utilizes the use of a larger number of smaller nozzles. These smaller nozzles direct high-pressure jet streams directly to the point where the cutters are in contact with the formation.
Why is all this important for the oil and gas industry? It’s because the Company’s proprietary and patented technologies have the potential to save millions of dollars in costs for drillers. Directional Drillers often spend considerable time and money ascertaining the most cost efficient route to reserves. Directional drilling is the practice of drilling non-vertical wells to reach the intended target.
Bluefire’s patented design improves cleaning and scouring action. This patented design also improves the removal of drill filings, and the lubrication of PDC cutters. The Company offers ease of navigation in directional drilling applications.
Bluefire says that it anticipates explosive growth in this field. The Company also says that it is prepared to supply the requirements of domestic and international oilfield operators.