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; and offers water, and various oilfield products and services.
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Business Segments
Overview
Assets include HB solution mine in Carlsbad, New Mexico, a solution mine in Moab, Utah and brine recovery mine in Wendover, Utah. Operates North compaction facility in Carlsbad, New Mexico, which compacts and granulates product from the HB mine Sells potash for sale in agriculture sector as a fertilizer input; industrial sector, as an input for industrial processes and drilling and fracturing fluids for oil and gas wells; and as a nutrient supplement in animal feeds industry Views maximizing gross margin by harnessing freight advantage to key geographies, diverse customer base and 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 Operates a conventional underground East mine in Carlsbad, New Mexico Deems maximizing gross margin by optimizing the recovery techniques as key factor for growth of the segment.
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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