Continental Resources, Inc. Expands Use Of Services With ESP Resources, Inc. To Include Completion Petrochemicals
scott, LA (GlobeNewswire) - ESP Resources, Inc. ESPI 0.00% (the "Company" or "ESP Resources"), an oil and gas services company offering analytical services and essential custom-blended oil and gas well chemicals which improve production yields and overall efficiencies, announced today that it has expanded its petrochemical service work with Continental Resources, Inc. ("Continental") to include completion petrochemicals. Continental is one of the largest oil producers in the Bakken shale trend of North Dakota and Montana and a significant producer in the Woodford shale trend in Oklahoma.
Currently, the Company is supplying production petrochemicals to Continental in the Jefferson Island field location in South Louisiana. With completion petrochemicals services, ESP Resources' new chemical delivery fracking (a.k.a. hydraulic fracturing) units will be used to pump chemicals to treat the fluids used in the completion of Continental's wells in the Anadarko Woodford shale formation.
David Dugas, President of ESP Resources, commented, "After successful field testing of our chemicals, we are pleased that Continental has decided to utilize our completion petrochemical equipment and expertise to service their formations in the Oklahoma region. Continental continues to develop into a significant customer of ours. We appreciate the continued confidence from them as they expand the use of our chemicals, both on the completion and the production side of their business."
About Continental Resources, Inc.:
Continental Resources, based in Oklahoma City, OK, is an independent oil and natural gas exploration and production. Its largest acreage positions are in the Bakken and Anadarko Woodford resource plays, and it is the largest oil producer in the Williston Basin. They have maintained a crude oil-focused growth strategy since the late 1980s and have a current market capitalization exceeding $14B. The company focuses its operations on the Red River Units, Anadarko Woodford and Bakken field plays. More information is available on the Continental Resources' Website at www.contres.com .
About ESP Resources, Inc.:
ESP Resources, Inc. is a publicly-traded oil and gas services company offering analytical services and essential custom-blended oil and gas well chemicals which improve production yields and overall efficiencies. Through its wholly owned subsidiary, ESP Petrochemicals, Inc., the Company distributes its product line throughout the oil and gas producing regions of Louisiana, Texas, Mississippi, Alabama, Arkansas and Oklahoma. The Company also distributes internationally though oil and gas service companies in other prolific oil and gas well regions throughout the world. The Company's senior management has over 100 years of combined operating experience in the petrochemical industry. Any reference herein to "ESP Resources", the "Company", "we", "our" or "us" is intended to mean ESP Resources, Inc., including the wholly-owned subsidiary indicated above, unless otherwise indicated. 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. 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.
SOURCE: ESP Resources, Inc.
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