ESP Resources Inc. (ESPI.OB)

Posted: Tue Jun 30, 2009 12:34 pm

ESP Resources, Inc. is an oil and gas company headquartered in Austin, Texas. Founded in 2006, the company, through their wholly owned subsidiary, ESP Petrochemicals, Inc., is a manufacturer, blender, distributor, and marketer of specialty chemicals to the oil and gas industry. Trading on NASDAQ's OTCBB, they have operations in Scott, Louisiana, and Pecos County, Texas.

With the recent acquisition of their petrochemical subsidiary, ESP Petrochemicals, Inc., the company's strategy is to expand market share within the petrochemical sector worldwide. They are working to do this via mergers and acquisitions. ESP Resources’ strategy is also to utilize their oil field petrochemical expertise to evaluate and acquire superior oil production assets for investment.

ESP Resources Inc. supplies retail and wholesale specialty chemicals for a broad spectrum of oil field applications. The company does this from an 11,000 square foot blending and distribution facility located in Scott, Louisiana. They distribute their product line throughout the Gulf Coast region of Louisiana, Texas, Mississippi, and Alabama. This includes both onshore and offshore. In addition, their wholesale division supplies specialty chemicals to several retailers operating in West Africa.

ESP Resources supplies production chemicals, drilling chemicals, waste remediation chemicals, cleaners, and waste treatment chemicals. These are for oil field applications, including separating suspended water and other contaminants from crude oil, pumping enhancement, cleaning, and fluids and additives used in the drilling and production process.

The company's products include surfactants for production and injection problems, and well completion and work-over chemicals to maximize the productivity from new and existing wells. Their products also include bactericides to kill water borne bacterial growth; scale compounds to prevent or treat scale deposits; corrosion inhibitors, as well as antifoams for controlling foaming problems. Additionally, their products include emulsion breakers formulated for crude oils, and paraffin chemicals that inhibit and/or dissolve paraffin to prevent buildup, as well as water clarifiers for problems associated with purifying effluent water.