0000844965-12-000040.txt : 20120423 0000844965-12-000040.hdr.sgml : 20120423 20120423133924 ACCESSION NUMBER: 0000844965-12-000040 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120423 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120423 DATE AS OF CHANGE: 20120423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TETRA TECHNOLOGIES INC CENTRAL INDEX KEY: 0000844965 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 742148293 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13455 FILM NUMBER: 12772707 BUSINESS ADDRESS: STREET 1: 24955 INTERSTATE 45 NORTH CITY: THE WOODLANDS STATE: TX ZIP: 77380 BUSINESS PHONE: 2813671983 MAIL ADDRESS: STREET 1: 24955 INTERSTATE 45 NORTH CITY: THE WOODLANDS STATE: TX ZIP: 77380 8-K 1 tti8k-20120423.htm FORM 8-K tti8k-20120423.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 

 
FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (date of earliest event reported): April 23, 2012


TETRA Technologies, Inc.
(Exact name of registrant as specified in its charter)


Delaware
1-13455
74-2148293
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
  
Identification No.)
     
24955 Interstate 45 North
The Woodlands, Texas 77380
(Address of Principal Executive Offices and Zip Code)
     
Registrant’s telephone number, including area code: (281) 367-1983


 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 


Item 8.01. Other Events.

On April 23, 2012, TETRA Technologies, Inc. issued a press release announcing that it had acquired Eastern Reservoir Services, a division of Patterson-UTI Energy, Inc., for $42.5 million in cash. A copy of the press release is filed herewith as Exhibit 99.1.

 
 
Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number
  
Description
99.1
  
Press Release, dated April 23, 2012, issued by TETRA Technologies, Inc.




 
1
 

 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
TETRA Technologies, Inc.
 
 
 
By:
/s/Bass C. Wallace, Jr.
 
Bass C. Wallace, Jr.
 
Senior Vice President, General Counsel &
Date: April 23, 2012
Corporate Secretary





 
2
 
 
EXHIBIT INDEX


Exhibit Number
  
Description
99.1
  
Press Release, dated April 23, 2012, issued by TETRA Technologies, Inc.







 
3

 EX-99.1 2 ex99_1.htm EXHIBIT 99.1 ex99_1.htm
Exhibit 99.1
 
FOR IMMEDIATE RELEASE


TETRA TECHNOLOGIES, INC.
ANNOUNCES ACQUISITION OF EASTERN RESERVOIR SERVICES

The Woodlands, Texas (April 23, 2012) – TETRA Technologies, Inc. (TETRA or the Company) (NYSE:TTI) today announced that it has acquired Eastern Reservoir Services (ERS), a division of Patterson-UTI Energy, Inc., for $42.5 million in cash.

ERS is a leading provider of frac flow back services to oil and gas operators in Appalachia and the U.S. Rockies. Established in 1985, ERS has a long history of serving customers and is recognized for its premium services, experienced personnel and high-quality equipment. ERS has operating locations in Pennsylvania, West Virginia and Colorado. From these bases the company serves oil and gas exploration and production companies in the Marcellus and the emerging Utica shale plays and in the U.S. Rockies.

“This acquisition is strategically important to TETRA and is consistent with our stated goal of growing our frac flow back and well testing business. With this acquisition, this business holds a leading position across the natural gas and liquid hydrocarbons producing areas within the Marcellus shale, it is ideally located to serve the liquids-rich Utica shale and it has a footprint in the U.S. Rockies. In combination with our current frac flow back and well testing activities in the Eagle Ford, West Texas, the midcontinent and other markets, TETRA is increasingly well positioned in this business as natural gas and oil production levels shift over time,” commented Stuart M. Brightman, TETRA’s President and Chief Executive Officer.

“ERS also expands our customer base and will support our growth plans in completion fluids and water management services. We are impressed with the company’s solid management team and employees who have extensive well testing expertise and good relationships with a broad base of customers. There is a great cultural fit between these two businesses and I am confident the operations will quickly come together,” added Mr. Brightman.

TETRA is a geographically diversified oil and gas services company focused on completion fluids and other products, after-frac flow back and production well testing, wellhead compression, and selected offshore services including well plugging and abandonment, decommissioning, and diving.
 
Forward Looking Statements
 
This press release includes certain statements that are deemed to be forward-looking statements. Generally, the use of words such as “may,” “will,” “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 the Company intends to be included within the safe harbor protections provided by the federal securities laws. These forward-looking statements include statements concerning expected results of operational business segments for 2012, financial guidance, estimated earnings, earnings per share, and statements regarding the Company’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 the Company 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 the Company. Investors are cautioned that any such statements are not guarantees of future performances or results and that actual results or developments may differ materially from those projected in the forward-looking statements. Some of the factors that could affect actual results are described in the section titled “Certain Business Risks” contained in the Company’s
 
 
 
 
 
 
Annual Report on Form 10-K for the year ended December 31, 2011, as well as other risks identified from time to time in its reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission.
 
 
Contact:
 
TETRA Technologies, Inc., The Woodlands, Texas
Stuart M. Brightman, 281/367-1083
Fax: 281/364-4346
www.tetratec.com
 
 
 
 
 
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