LAFAYETTE, La., May 1, 2014 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (ESP) (OTCBB:ESPI), recently completed equipment installations on 108 wells for the purpose of chemical injection for a major independent oil and gas operator in South Texas. Additionally, the company began delivery of production chemicals to the wells, which are in close proximity to ESP's offices in Victoria, Texas. The expected increase in revenue for ESP is anticipated to exceed $650,000 annually.
By utilizing ESP's chemical technology, the operator can expect increased production from the capture and separation of additional hydrocarbons from their oil and gas wells. The operator can also expect to realize a reduction in the per barrel equivalent treatment costs of the produced oil, gas and water products.
"Selecting the best petrochemical supplier for a well is an important consideration for any operator. The testing phase of this process is particularly crucial as it demonstrates the effectiveness and efficiency of a particular chemical program. We were able to demonstrate that ESP's products and superior chemistry consistently outperformed the competition," said David Dugas, ESP Resources, Inc. CEO. "This particular operator has additional fields in Texas and Louisiana that we anticipate testing throughout 2014, and we appreciate the opportunity to once again demonstrate the effectiveness of our products."
About ESP Resources, Inc.
ESP Resources, Inc. is a publicly-traded oil and gas services company headquartered in Lafayette, Louisiana. ESP manufactures, blends, distributes and markets specialty chemicals and analytical services to the oil and gas industry. 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 ESP's Website at www.espchem.com.
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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.
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CONTACT: David Dugas, President ESP Resources, Inc. firstname.lastname@example.org (337) 706-7056Source:ESP Resources, Inc.