ESP Resources, Inc. Receives Bid Approval for Chemical Service From Leading Explorer and Producer of Natural Gas


SCOTT, La., Nov. 2, 2010 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (OTCBB:ESPI) (the "Company" or "ESP Resources"), a manufacturer, blender, distributor, and marketer of specialty chemicals and analytical services to the oil and gas industry, confirmed today that it has received approval from a leading explorer and producer of natural gas to begin the implementation of its chemical products and services in the Fayetteville Shale near Clinton, Arkansas.

The commencement of work begins immediately on 67 wells with more expected over the next two quarters. The operator has approximately 157,000 net acres in the Fayetteville Shale, an unconventional gas reservoir located in the Arcoma Basin in Arkansas, at a depth of approximately 1,500 to 6,500 feet and ranging in thickness from 100 to 500 feet.  The formation is a Mississippian-age shale that has similar geologic characteristics to the Barnett Shale in the Ft. Worth Basin of North Texas.  The operator has drilled in excess of 200 successful Fayetteville Shale wells to date.

"This new piece of business represents a great opportunity for ESP Resources as we continue to expand our services to large companies who have significant assets and operations in some of the fastest growing natural gas plays in the country," stated David Dugas, President of ESP Resources, Inc. "These large-scale operators focus on predictable, long-term production with low costs that are achieved through effective drilling and completion techniques. Our bid was approved because our site specific materials and services are unique and complementary to their focus."

About www.espchem.com/">ESP Resources, Inc.:

ESP Resources, Inc. is a publicly-traded petrochemical company (OTCBB:ESPI) headquartered in Scott, LA.  Through its wholly owned subsidiary, ESP Petrochemicals, Inc., the Company manufactures, blends, distributes and markets specialty chemicals and analytical services to the oil and gas industry.  ESP Resources supplies retail and wholesale specialty chemicals for a variety of oil field applications including production, drilling, waste remediation, cleaning, and waste water treatment.  From its blending and distribution facilities, the Company distributes its product line throughout the oil and gas producing regions of Louisiana, Texas, Mississippi and Alabama, both onshore and offshore.  The wholesale division of the Company supplies specialty chemicals to several retailers operating in West Africa.  The Company's senior management has over 100 years of combined operating experience in the petrochemical industry.  More information 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 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 and 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 and Exchange Commission.



            

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