ESP Resources, a manufacturer, distributor and marketer of specialty chemicals and analytical services to the oil and gas industry, has signed a master service agreement with Black Elk Energy to provide its product and services to initially a total of five platforms containing 46 wells.
Through the agreement, the company estimates an increase in revenue of 6% on an annualized basis.
These preliminary revenue estimates do not include any expanded services with Black Elk Energy’s other production wells that ESP Resources may gain as a result of its continued performance.
ESP Resources president David Dugas said that there are highly distinctive properties to each of the wells of the company’s clients, and its site specific materials and services have proven to be essential to relationships and agreements like this with Black Elk Energy.