TETRA Technologies, Inc. (TTI) has announced a pilot project with EOG Resources, Inc. to utilize its TETRA Oasis Total Desalination Solution (TDS) for produced water treatment from oil and gas wells. This collaboration aims to address the water quality issues in the Permian Basin, with the pilot project expected to commence in the first half of 2025.
Key Features of TETRA Oasis TDS
- Proprietary Treatment Process: Integrated with TETRA's exclusive membrane technologies to address varying produced water quality across different oil and gas basins.
- High Recovery Rate: Successfully demonstrated a 92% recovery rate of desalinated water with total dissolved solids levels ranging from 40-200 ppm, exceeding average municipal drinking water standards.
- Cost-Effective Solution: Delivers water quality that achieves or exceeds regulatory requirements for multiple re-use applications, including surface irrigation and industrial uses .
Pilot Project Details
- Location: Permian Basin
- Timeline: Expected to start in the first half of 2025
- Rangeland Grass Growth Study: To be conducted in a greenhouse using TETRA Oasis TDS processed water.
Key Financial Results
- Revenue: US$599.1m (down 4.3% from FY 2023).
- Net income: US$113.6m (up 346% from FY 2023).
- Profit margin: 19% (up from 4.1% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: US$0.87 (up from US$0.20 in FY 2023).
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