TETRA Technologies, Inc. operates as an oil and gas services company. The company focuses on completion fluids and associated products and services, water management, after-frac flow back, production well testing, offshore rig cooling, compression-based production enhancement, and selected offshore services, including well plugging and abandonment, decommissioning, and diving. Divisions The company includes five segments organized into three divisions: Fluids, Production Enhancement, and Offshore. Fluids division This division manufactures and markets clear brine fluids (CBFs), additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States and in certain countries in Latin America, Europe, Asia, the Middle East, and Africa. This division also markets liquid and dry calcium chloride products manufactured at its production facilities or purchased from third-party suppliers to various markets outside the energy industry. This division also provides North American onshore oil and gas operators with water management services. Products and Services Liquid calcium chloride, calcium bromide, zinc bromide, zinc calcium bromide, sodium bromide, and blends of such products manufactured by the company’s Fluids division are referred to as CBFs in the oil and gas industry. CBFs are salt solutions that have variable densities and are used to control bottomhole pressures during oil and gas completion and workover operations. The company’s Fluids division sells CBFs and various CBF additives to the U.S. and foreign oil and gas exploration and production companies and distributes them to other companies that service customers in the oil and gas industry. The company’s Fluids division provides both stock and custom-blended CBFs based on its customers’ specific needs and the proposed application. It also provides a range of associated services, including onsite fluids filtration, handling, and recycling; wellbore cleanup; fluid engineering consultation; fluid management services; and high-volume water management services for fracturing operations. The company offers to repurchase (buyback) certain used CBFs from customers, which it is able to recondition and recycle. The company reconditions used CBFs through filtration, blending, and the use of proprietary chemical processes, and then markets the reconditioned CBFs. The company’s filtration services use various techniques and equipment to remove particulates from CBFs at the customer’s site so that the CBFs could be reused. Filtration also enables the recovery of a percentage of used CBFs for reconditioning. The Fluids division provides domestic onshore oil and gas operators with frac water management services, including selection, analysis, treatment, storage, transfer, recycling, and environmental risk mitigation. These services are provided using this division’s BioRid and other above-ground frac water treatment technologies, some of which are patented, and its TETRA STEEL 1200 rapid deployment water transfer system. In January 2014, this Fluids division acquired the assets and operations of WIT Water Transfer, LLC (which operated under the name, TD Water Transfer), which provides water management services to customers in the south Texas and North Dakota regions of the U.S. The Fluids division manufactures liquid and dry calcium chloride, liquid calcium bromide, zinc bromide, zinc calcium bromide, and sodium bromide for distribution primarily into energy markets. Liquid and dry calcium chloride are also sold into the water treatment, industrial, cement, food processing, road maintenance, ice melt, agricultural, and consumer products markets. Liquid sodium bromide is also sold into the industrial water treatment markets, where it is used as a biocide in recirculated cooling tower waters and in other applications. The company operates its European calcium chloride operations under the name, TETRA Chemicals Europe. All of its calcium chloride production facilities have a combined production capacity of approximately 1.5 million equivalent liquid tons per year.
tetra technologies inc (TTI:New York)
24955 Interstate 45 North
The Woodlands, TX 77380
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