ESP Resources Completes Chemical Testing of 100+ Well Program for Major
Independent Operator in South Texas
LAFAYETTE, La., Oct. 23, 2013 (GLOBE NEWSWIRE) -- ESP Resources, Inc. ("ESP"
or the "Company") (OTCBB:ESPI), an oil and gas services company, has recently
concluded testing and sampling of 100+ wells in South Texas within close
proximity to its district office in Victoria, Texas. The Company will begin
the delivery of production chemicals to the operator of the wells starting
this month of October. The expected increase in revenue for the Victoria
district is anticipated to exceed $600,000 per year.
Through the use of ESP's chemical technology, the Company expects to assist
the operator in increasing production from the capture and separation of
additional hydrocarbons from the oil and gas wells. ESP also anticipates a
reduction to the operator in the per barrel equivalent treatment costs of the
produced oil, gas, and water products.
David Dugas, President & CEO stated, "Our customers have high expectations
during their testing so that they can select and trust the best petrochemical
supplier for their wells.As expected, our superior chemistry clearly edged
out our competition.This operator also has additional fields located in Texas
and Louisiana that we anticipate testing before the end of the year."
About ESP Resources, Inc.:
ESP Resources, Inc. is a publicly traded oil and gas services company (OTC
Bulletin Board: 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 information is available on the Company's Website at
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 statements.
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.
CONTACT: David Dugas, President
ESP Resources, Inc.
Press spacebar to pause and continue. Press esc to stop.