Blue Fire Equipment Corp. announced that recent analysis of data from drilling results in Garvin County, Oklahoma, reveals its proprietary polycrystalline diamond cutter (PDC) drill bit outperforms competitive equipment. According to drilling data, BlueFire's drill bit technology has the ability to save operators millions of dollars while reducing drilling time by more than 20% depending on the formation type.

The drilling data reveals that on a recent well in Oklahoma, BlueFire drilled to a Total Depth (TD) of 7,560 feet with an average rate of penetration (ROP) of 29 feet per hour. On a similar well in the same area, competitor's TD was 7,250 feet with an average ROP of only 7 feet per hour. The company competitors used five drill bits, whereas BlueFire used only one, saving time and money.

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% in temperature on the cutting surfaces, drastically reducing cutter wear and extending the life of the bit.