Intrepid and NGL Energy Partners Acquire Land and Successfully Permit Wells for a Produced Water Disposal Opportunity
“We believe this property is an ideal location to expand our oilfield solutions footprint and it represents the type of small project with solid expected returns that we envisioned when we acquired the Intrepid South ranch,” said
Intrepid will host its second quarter 2019 earnings conference call on
Intrepid is a diversified mineral company that delivers potassium, magnesium, sulfur, salt and water products essential for customer success in agriculture, animal feed and the oil and gas industry. Intrepid is the only U.S. producer of muriate of potash, which is applied as an essential nutrient for healthy crop development, utilized in several industrial applications and used as an ingredient in animal feed. In addition, Intrepid produces a specialty fertilizer, Trio®, which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle. Intrepid also provides water, magnesium chloride, brine and various oilfield services.
Intrepid serves diverse customers in markets where a logistical advantage exists and is a leader in the use of solar evaporation for potash production, resulting in lower cost and more environmentally friendly production. Intrepid’s mineral production comes from three solar solution potash facilities and one conventional underground Trio® mine.
Intrepid routinely posts important information, including information about upcoming investor presentations and press releases, on its website under the Investor Relations tab. Investors and other interested parties are encouraged to enroll at intrepidpotash.com, to receive automatic email alerts or RSS feeds for new postings.
This press release includes certain statements concerning expectations for the future that are forward-looking within the meaning of the federal securities laws. Forward-looking statements contain known and unknown risks and uncertainties (many of which are difficult to predict and beyond management's control) that may cause Intrepid’s actual results in future periods to differ materially from anticipated or projected results. Forward-looking statements in this press release include statements regarding the capacity of future produced water disposal wells, the companies’ ability to profitably develop produced water infrastructure, the timing of produced water infrastructure development, the companies’ ability to enhance its water recycling plans, and the growth in oilfield activity and the demand for produced water disposal on the companies’ properties. An extensive list of specific material risks and uncertainties affecting Intrepid is contained in its Annual Report on Form 10-K for the year ended
Source: Intrepid Potash, Inc