American Standard Energy Corporation Provides Permian Basin Operational Update

SCOTTSDALE, Ariz., Jan. 10, 2012 /PRNewswire/ -- American Standard Energy Corp. (the "Company") (OTCBB: ASEN), today announced its fourth quarter 2011 operational results for drilling and completion activities in the Permian Basin.  Highlights include:

• Drilled 16 wells to total depth, including 11 Wolfberry prospective wells in Andrews and Reagan Counties, and 5 Wolfcamp vertical wells in Crockett and Schleicher Counties.
• Completed 7 Wolfberry wells in Reagan and Andrews Counties. 
• Scheduled four completion dates for additional Wolfberry wells in January 2012. 
• Combined increase of 678 in gross barrels of oil equivalent per day ("BOEPD"), 501 net BOEPD from four completed Wolfberry wells, with initial potential ("IP") data pending from three additional Wolfberry wells completed late in the fourth quarter of 2011 .

Permian Basin Completion Summary:
The Company maintained three rigs drilling full-time in the Permian Basin during Q4 2011.  All drilling activities listed are being supervised by Cambrian Management, a Wolfberry region completion expert consulting firm and contract operator based in Midland, TX. A summary of the IP data based on a 24 hour run rate which has been filed by Cambrian Management with the Texas Railroad Commission for four of our wells is set forth below.

Management Commentary:
Richard Macqueen, President of the Company , commented, "The Company made a significant enhancement to our growth strategy in in the second half of 2011.  By devoting our full resources to rapidly developing our 100%  working interest Permian Basin acreage, we believe we can accelerate our production growth rates and expand our proven producing reserve base.  In addition, this initial program has held by production all of our key acreage in Crockett and Schleicher Counties that was at risk of lease expiration.  This acreage is highly prospective for Wolfcamp shale unconventional drilling and this is a key part of our long-term growth strategy in the Permian Basin."

About American Standard Energy Corp.:
American Standard Energy Corp. is a non-operator exploration and production company based in Scottsdale, AZ. ASEN's primary focus is balanced between the Permian and the Bakken and Eagle Ford oil shale resource prospects in the continental United States.  The Company currently holds working interests in approximately 40,000 net acres in the following three primary prospect areas:

• 32,300 core net acres targeting the Bakken/Three Forks in North Dakota;
• 6,500 net acres targeting the Permian formation in West Texas; and
• 1,200 net acres targeting a specific Eagle Ford prospect in South Texas.

FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, this press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act").  All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements.  When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes.  Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our Company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: oil and gas prices, our ability to raise capital, general economic or industry conditions nationally and/or in the communities in which our Company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our Company's operations, products, services and prices.  

We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

CONTACT:
Investor Relations
Jon Kruljac
GVC Advisors
(303) 694-0862

SOURCE American Standard Energy Corp.