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Last $7.01 USD
Change Today -0.24 / -3.31%
Volume 611.2K
TTI On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

24955 Interstate 45 North

The Woodlands, TX 77380

United States

Phone: 281-367-1983

Fax:

TETRA Technologies, Inc., together with its subsidiaries, operates as an oil and gas services company. The company focuses on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, compression services and equipment, and selected offshore services, including well plugging and abandonment, decommissioning, and diving. The company also has a limited domestic oil and gas production business. Divisions The company includes five segments organized into four divisions: Fluids, Production Testing, Compression, and Offshore. Fluids This division manufactures and markets clear brine fluids (liquid calcium chloride, calcium bromide, zinc bromide, zinc calcium bromide, sodium bromide, and blends of such products, collectively, ‘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. CBFs are salt solutions that have variable densities and are used to control bottomhole pressures during oil and gas completion and workover operations. This 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. This division provides both stock and custom-blended CBFs based on the company’s customers’ specific needs and the proposed application. The company 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 recovery of a percentage of used CBFs for reconditioning. This 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 include the division’s BioRid and other above-ground frac water treatment technologies, some of which are patented; and its proprietary TETRA STEEL 1200 rapid deployment water transfer system. This 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. Production Testing This division provides frac flowback, production well testing, offshore rig cooling, and other associated services in majority of the major oil and gas producing regions in the United States, Mexico, and Canada, as well as in certain basins in certain regions in South America, Africa, Europe, the Middle East, and Australia. This division provides frac flowback services, early production facilities and services, production we

 

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