Intrepid Potash Inc - Company Profile
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Business Description
Intrepid Potash Inc (Intrepid), a mineral company, provides potassium, trio, salt, and fluid products for customers in agriculture, animal feed, organics, and oil and gas industries. The company produces muriate of potash; a specialty fertilizer, Trio. It also provides water, magnesium chloride, brine, and various oilfield products and services. It operates North compaction facility in Carlsbad, New Mexico, which compacts and granulates product from the HB mine. Intrepid produces potash from three solution mining facilities: HB solution mine in Carlsbad, New Mexico, solution mine in Moab, Utah, and brine recovery mine in Wendover, Utah.
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Business Segments
Overview
Assets include the HB solution mine in Carlsbad, New Mexico; a solution mine in Moab, Utah; and a brine recovery mine in Wendover, Utah. Operates a North compaction facility in Carlsbad, New Mexico, which compacts and granulates product from the HB mine and sells potash in the agriculture sector as a fertilizer input; in the industrial sector, as an input for industrial processes and drilling and fracturing fluids for oil and gas wells; and as a nutrient supplement in the animal feed industry. Views maximizing gross margin by harnessing freight advantage to key geographies, a diverse customer base, and a flexible marketing approach are major factors for growth of the segment.
Performance
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Overview
Produces a specialty fertilizer, Trio, that delivers potassium, magnesium, and sulfate in a single particle. Offers Trio in premium, standard, granular, and fine standard sizes for sale both domestically and internationally.
Performance
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Overview
Holds water rights in New Mexico to supply water mainly to support oil and gas development in the Permian Basin near the company’s Carlsbad facilities. Offers potassium chloride (KCL) mixing services on location for hydraulic fracturing operations and trucking services to deliver brines and other products to oil and gas exploration customers. Operates pipelines and ponds to deliver water to customers.
Performance
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