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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