TETRA is a Delaware corporation, incorporated in 1981. Our corporate headquarters
are located at 24955 Interstate 45 North in The Woodlands, Texas. Our phone
number is 281-367-1983, and our website is accessed at www.tetratec.com. Our
common stock is traded on the New York Stock Exchange under the symbol “TTI.”
TETRA Technologies, Inc., together with its consolidated subsidiaries, is a
leading, geographically diversified oil and gas services company, focused 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. We also have a limited domestic oil and gas production
business. We are composed of five reporting segments organized into four divisions
- Fluids, Production Testing, Compression, and Offshore.
Our Fluids Division manufactures and markets clear brine fluids, 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.
The division also markets liquid and dry calcium chloride products manufactured
at its production facilities or purchased from third-party suppliers to a variety
of markets outside the energy industry. The Fluids Division also provides domestic
onshore oil and gas operators with a wide variety of water management services.
Our Production Testing Division provides frac flowback, production well testing,
offshore rig cooling, and other associated services in many of the major oil
and gas producing regions in the United States, Mexico, and Canada, as well
as in basins in certain regions in South America, Africa, Europe, the Middle
East, and Australia.
Our Compression Division is a provider of compression services and equipment
for natural gas and oil production, gathering, transportation, processing, and
storage. The Compression Divisions equipment sales business includes the fabrication
and sale of standard compressor packages, custom-designed compressor packages,
and oilfield pump systems designed and fabricated at the divisions facilities.
The Compression Divisions aftermarket business provides compressor package
reconfiguration and maintenance services and compressor package parts and components
manufactured by third-party suppliers. The Compression Division provides its
services and equipment to a broad base of natural gas and oil exploration and
production, midstream, transmission, and storage companies operating throughout
many of the onshore producing regions of the United States as well as in a number
of foreign countries, including Mexico, Canada, and Argentina.
Our Offshore Division consists of two operating segments: Offshore Services
and Maritech. The Offshore Services segment provides: (1) downhole and subsea
services such as well plugging and abandonment, and workover services; (2) decommissioning
and certain construction services utilizing heavy lift barges and various cutting
technologies with regard to offshore oil and gas production platforms and pipelines;
and (3) conventional and saturation diving services.
The Maritech segment is a limited oil and gas production operation. During 2011
and the first quarter of 2012, Maritech sold substantially all of its oil- and
gas-producing property interests. Maritech’s operations consist primarily
of the ongoing abandonment and decommissioning associated with its remaining
offshore wells and production platforms. Maritech intends to acquire a portion
of these services from the Offshore Division’s Offshore Services segment.
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