The new district will be operated by the company’s wholly-owned subsidiary, ESP Petrochemicals. The region is home to the Haynesville Shale formation.
The new district operation will operate from an 8000sqft office/warehouse facility located on the outskirts of Longview, Texas. The company has named Steve Donahoe to manage the district operation.
Numerous oil and gas companies are currently drilling new gas wells targeting the Haynesville formation. The list of companies includes Anadarko Petroleum, Chesapeake Energy, Devon Petroleum, XTO Energy, Petrohawk Energy, Forest Oil Company, EOG Resources and Southwestern Energy.
David Dugas, president of ESP Resources, said: “With the opening of our Longview, Texas facility, ESP is deploying an aggressive sales strategy for the area. Our product line has gained favorable response from oil and gas companies operating in the region.
“Sales of our petrochemical products in this region have increased greater than 200% during the last six months and we anticipate additional sales increases in the future as acceptance of our petrochemical products gain traction throughout the area serviced by our new district operations.”
