ESP Resources, Inc., a manufacturer, blender, distributor, and marketer of specialty chemicals and analytical services to the oil and gas industry, announced the opening of a new district office in Guy, Arkansas for sales and service to the Northern and Central Arkansas and Eastern Oklahoma regions. The regions are home to the Fayetteville Shale on the Arkansas side and the Woodford Shale on the Oklahoma side. These unconventional gas reservoirs can be favorably compared to the Haynesville Shale in Texas and Louisiana, one of the most prolific shale gas formations ever discovered.
Numerous oil and gas companies are currently drilling new natural gas wells in the Fayetteville and Woodford Shale formations, with over 5,000 wells that have been drilled and completed by some of the largest independent oil and gas firms in the U.S. The Company currently supplies petrochemicals to many of these active players in the Woodford and Fayetteville shales, including Chesapeake Energy, Petrohawk Energy and Devon Energy. ESP anticipates increasing sales to its current customer base in these areas in the next twelve months.
This brings the Company's total number of district offices, including the corporate district office, to four including Scott, LA, Longview, TX, Mission, TX and Guy, AR that currently facilitate the Company's coverage in these major oil and gas producing regions. The Company intends to open more offices in other outlying areas as it expands its products and services to its present and future customers.
"With the level of activity from the large oil and gas firms and the pace with which they are drilling and completing new wells, some at the rate of 50 new wells per month, this additional facility will allow us to deploy our products and services at a faster, more efficient level to capture the growing opportunities in these shale formations," stated David Dugas, President of ESP Resources, Inc. "Our product line is superior and continues to garner favorable response from our oil and gas customers in all of the regions in which we operate," Dugas further stated.
About ESP Resources, Inc.
ESP Resources, Inc. is a publicly-traded petrochemical company 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.
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