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 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 & 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.