TETRA TECHNOLOGIES, INC. ANNOUNCES COLLABORATION FOR PRODUCED WATER RE-USE AND PILOT PROJECT WITH EOG RESOURCES
Rhea-AI Summary
TETRA Technologies (NYSE: TTI) has announced a pilot project with EOG Resources utilizing TETRA Oasis Total Desalination Solution (TDS) for produced water treatment from oil and gas wells. The project, starting in first half 2025 in the Permian Basin, includes a rangeland grass growth study using processed water.
The technology has previously demonstrated a 92% recovery rate of desalinated water with total dissolved solids levels of 40-200 ppm in South Texas, exceeding average municipal drinking water standards. TETRA Oasis TDS incorporates proprietary treatment processes and exclusive membrane technologies designed for various produced water qualities across different oil and gas basins.
Positive
- Successful demonstration of 92% water recovery rate, exceeding municipal standards
- Strategic collaboration with major oil company EOG Resources
- Proprietary technology with proven field results
- Expansion into sustainable water treatment solutions
Negative
- Project still in pilot phase with uncertain commercial outcomes
- Technology deployment and scaling risks mentioned in forward-looking statements
- Potential equipment supply chain and defect risks highlighted
News Market Reaction – TTI
In the trading session that priced this news, TTI gained 6.23%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Brady
As a result of our continued collaboration, TETRA and EOG are commencing a pilot project where TETRA Oasis TDS will be used to process produced water from the Permian Basin. The pilot project will start in the first half of 2025 and includes a rangeland grass growth study in a greenhouse using TETRA Oasis TDS processed water.
Company Overview
TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Critical Minerals. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at www.onetetra.com for more information or connect with us on LinkedIn.
Cautionary Statement Regarding Forward Looking Statements
This news release includes certain statements that are deemed to be forward-looking statements. Generally, the use of words such as "may," "see," "expectation," "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar expressions that convey the uncertainty of future events, activities, expectations or outcomes identify forward-looking statements that TETRA intends to be included within the safe harbor protections provided by the federal securities laws. These forward-looking statements include statements regarding TETRA's beliefs, expectations, plans, goals, future events and performance, and other statements that are not purely historical. These forward-looking statements are based on certain assumptions and analyses made by TETRA in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of risks and uncertainties, many of which are beyond the control of TETRA. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to develop efficient water treatment processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; regional impacts to our business, equipment supply, equipment defects and/or our ability to timely obtain equipment components; competition from existing or new competitors, including advances in water handling and processing technologies; the failure to convert firm order backlog to revenue; opportunity risks, such as mineral extraction or realizing industrial and other benefits expected from using treated produced water; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims, including liability associated with environmental claims; risks associated with changes in federal, state, or local laws, including interpretations of laws and regulations applicable accessing, handling and processing produced water; risks associated with potential costs of regulatory compliance; risks associated with delays in obtaining or maintaining necessary permits, including our customers' ability to obtain such permits and approvals; risks associated with changes to
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SOURCE TETRA Technologies, Inc.