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Oil & Gas: ESP Resources Launches Texas Operation

June 30, 2010 (FinancialWire) — ESP Resources, Inc.(OTCBB: ESPI) said it has opened a district operation in Longview, Texas for the supply, sales and service of petrochemicals to oil and gas companies located in the Northeast Texas, Northwest Louisiana, and Southern Arkansas regions.

The new District will be operated by the company's wholly-owned subsidiary, ESP Petrochemicals, Inc. The region is home to the Haynesville Shale formation – a prolific shale gas formation.

ESP’s district operation will operate from an 8000 square foot office and warehouse facility located on the outskirts of Longview. The company has hired Steve Donahoe, who has 25 years of operational and sales experience in the petrochemical industry, to manage the district operation.

Numerous oil and gas companies are currently drilling new gas wells targeting the Haynesville formation. ESP Petrochemicals currently supplies petrochemicals to many of these operators and said it anticipates increasing sales to the current customer base in the area in the next twelve months.

Louisiana-based ESP Resources is a petrochemical company that, through its wholly owned subsidiary, ESP Petrochemicals, is a manufacturer, blender, distributor, and marketer of specialty chemicals and analytical services to the oil and gas industry.

ESP supplies retail and wholesale specialty chemicals for a variety of oil field applications including production, drilling, waste remediation, cleaning, and waste water treatment. The company distributes its product line throughout the Gulf Coast region 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.

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