$TTI

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TETRA Technologies Launches Low-Zinc Completion Fluid for Deepwater Wells

TETRA Technologies (TTI) has launched TETRA Neptune Z-Lite, a high-density completion fluid for deepwater and high-pressure well applications that offers up to 60% lower zinc-ion concentration than conventional zinc-based fluids, the company said Monday.The company said it has been awarded a three-well program for the new fluid system at Beacon Offshore Energy's Gulf of America Shenandoah and Monument projects, expected to begin this year.TETRA Neptune Z-Lite is available in densities up to 17.5 ppg and is designed to offer lower corrosion potential than conventional zinc brines, the company said.Price: $11.47, Change: $+0.60, Percent Change: +5.47%

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Wire27d ago

TETRA Technologies Launches $100 Million Common Stock Offering

TETRA Technologies (TTI) said Tuesday it commenced an underwritten public offering of $100 million of shares of common stock.The company said it expects to grant underwriters a 30-day option to buy up to an additional $15 million of shares to cover over-allotments.Proceeds will be used for general corporate purposes, including funding construction of its Arkansas bromine project, according to a statement.Shares of the company were down over 9% in extended trading.

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