Mon, 12 Sep 2011 07:00:00 CDT
ESP Resources, Inc. (OTCBB:ESPI) (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 that growth in revenue from its new chemical delivery units used in the pumping of chemicals in the hydraulic fracturing (fracking) business is projected to exceed $9,000,000 over the next twelve months. This fracking revenue is in addition to its existing production petrochemical business. Since June of this year, revenues have exceeded $1,500,000 from the Company's current three units. Two additional units are currently being constructed and will be deployed during the fourth quarter of this year. The fleet size will rise to five units with the additions in the fourth quarter. The units pump chemicals to treat the fluids used in the completion of oil and gas wells from "shale" formations.
Read full article at: globenewswire.com