Maritech Resources, Inc., a subsidiary of TETRA Technologies, Inc., is a rapidly growing energy company that acquires, and produces oil and gas reserves of sunset producing properties in the Gulf of Mexico, while fully exploiting the remaining potential of these fields. The company evaluates mature oil and gas properties to determine both the economic life remaining and the future abandonment and decommissioning liabilities. Even with a positive cash flow, many mature properties have a negative net worth because of the abandonment and facility removal obligations that are looming in the near future.

Maritech acquires the working interests in these end-of-life production properties, manages the remaining production, and often extends their economic life through well intervention measures. All necessary well abandonment and decommissioning services are then performed.