ESP Resources Increases Sales to Major Operator in Eagle Ford Shale Trend
Sales to Current Fortune 500 Customer With Substantial Operations in
Eagle Ford Shale Trend in South Texas Expected to More Than Double in
THE WOODLANDS, TX -- (Marketwire) -- 03/07/13 -- ESP Resources, Inc.
(OTCBB: ESPI), an oil and gas services company, announced today that
it is increasing the supply of production chemicals to a major
operator with significant operations in the Eagle Ford Shale Trend in
South Texas. ESP Resources supplied more than $2 million of
production and gathering system chemicals to the customer in 2012.
ESP Resources now expects to more than double that to over $4 million
ESP Resources President David Dugas said, "The growth of this account
for ESP is another classic example of how the superior performance of
our production chemicals continues to strengthen our relationship
with our customers. Our goals are met when the value of our product
and service offering earns us more business with them."
Based on forecasted market demand for oil and gas reserves worldwide
and the company's unique position, ESP Resources is expecting
substantial ongoing growth in the U.S. and abroad. Contracts
announced in February are expected to add over $12.5 million in
revenue in 2013. The company reported $11 million in revenue in 2011.
Through the first nine months of 2012, the company reported revenues
of $14.4 million and expects to announce 2012 financial results on or
about March 27th.
About ESP Resources, Inc.
ESP Resources, Inc. is a publicly traded
oil and gas services company (OTCBB: ESPI) headquartered in The
Woodlands, Texas. Through its subsidiaries, the Company manufactures,
blends, distributes and markets specialty chemicals and analytical
services to the oil and gas industry and also provides services for
the upstream, midstream and downstream sectors of the energy
industry, including new construction, major modifications to
operational support for onshore and offshore production, gathering,
refining facilities and pipelines designed to optimize performance
and increase operators' return on investment. The Company's senior
management has over 100 years of combined operating experience in the
oil and gas services industry. More info
rmation is available on the
Company's Website at www.espchem.com.
Legal Notice Regarding Forward-Looking Statements:
This press release contains "forward-looking statements" within the
meaning of the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Statements in this news release that
are not historical facts are forward-looking statements that are
subject to risks and uncertainties. Forward-looking statements are
based on current facts and analyses and other information that are
based on forecasts of future results, estimates of amounts not yet
determined and assumptions of management. Forward looking statements
are generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates,"
"projects," "aims," "potential," "goal," "objective," "prospective,"
and similar expressions or that events or conditions "will," "would,"
"may," "can," "could" or "should" occur. Information concerning oil
or natural gas reserve estimates may also be deemed to be forward
looking statements, as it constitutes a prediction of what might be
found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated
due to a number of factors beyond the reasonable control of the
Company. It is important to note that actual outcomes and actual
results could differ materially from those in such forward-looking
Readers are cautioned not to place undue reliance on the
forward-looking statements made in this press release. In evaluating
these statements, you should consider the risks discussed, from time
to time, in the reports we file with the U.S. Securities & Exchange
Commission. For a discussion of some of the risks and important
factors that could affect the Company's future results and financial
condition, see the Company's Form 10-Ks and 10-Qs on file with the
U.S. Securities & Exchange Commission.
ESP Resources, Inc.
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