TETRA Technologies(TTI) Prnewswire·2024-12-16 21:30Core Viewpoint - TETRA Technologies, Inc. has launched TETRA Oasis TDS, a comprehensive water treatment and desalination technology aimed at beneficial re-use and mineral extraction from oil and gas produced water [1][3]. Company Developments - TETRA has successfully completed a commercial pilot project for desalinating produced water from the Delaware Basin, meeting Texas Railroad Commission standards and passing third-party Whole Effluent Toxicity testing [2][4]. - The company achieved a 92% recovery rate of desalinated water in its first field pilot program, with total dissolved solids levels between 40 ppm and 200 ppm, surpassing municipal drinking water standards [4]. - TETRA has engaged with high-quality customers to address water challenges and has seven non-disclosure agreements in place, indicating strong interest in its proprietary technology [5]. Market Opportunity - Rystad Energy estimates that produced water volumes in the Permian Basin will reach 8.3 billion barrels in 2024, a 5% increase from 2023, highlighting a growing market for water treatment solutions [5]. - The handling and treatment of produced water is identified as a $4 billion annual market opportunity in the Permian Basin, making it one of the fastest-growing sectors in the oil and gas industry [5]. Technology and Process - TETRA Oasis TDS involves multiple processing stages, starting with pre-treatment of produced water, followed by desalination using exclusive technologies from KMX and Hyrec [6][7]. - The final stage includes post-treatment to meet customer specifications and may involve mineral extraction, enhancing economic benefits [8]. Company Overview - TETRA Technologies, Inc. operates globally, focusing on environmentally conscious services and solutions across energy services, industrial chemicals, and critical minerals [11].