TETRA Technologies, Inc. is an oil and gas services and production company with an integrated calcium chloride and brominated products manufacturing operation that supplies feedstocks to energy markets, as well as to other markets. TETRA is composed of three divisions -- Fluids, Offshore, and Production Enhancement.
The Fluids Division manufactures and markets clear brine fluids, additives, and other associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations both domestically and in certain international regions. The Division also provides certain products to markets outside the energy industry.
The Offshore Division consists of two operating segments: Offshore Services and Maritech. The Offshore Services segment provides downhole and sub-sea services such as plugging and abandonment, workover, inland water drilling, and wireline services, as well as construction and decommissioning services, hurricane damage remediation, and diving services. Maritech is an oil and gas exploration, exploitation, and production company focused in the offshore, inland waters and onshore regions of the Gulf of Mexico. Maritech acquires oil and gas properties in order to grow its production operations and to provide additional development and exploitation opportunities, as well as to provide a baseload of business for the Division's Offshore Services segment.
The Production Enhancement Division consists of two operating segments; Production Testing and Compressco. The Production Testing segment provides production testing services to markets in Texas, New Mexico, Colorado, Oklahoma, Arkansas, Louisiana, Pennsylvania, offshore Gulf of Mexico, Mexico, Brazil, Northern Africa, and the Middle East. The Compressco segment provides wellhead compression-based production enhancement services to a broad base of customers throughout the onshore producing regions of the United States, as well as in Canada, Mexico, and other international locations. Compressco's services can improve the value of natural gas and oil wells by increasing daily production and total recoverable reserves.
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