Smith International, Inc.
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Smith International, Inc. is a leading worldwide supplier of products and services to the oil and gas exploration and production industry, the petrochemical industry and other industrial markets. Headquartered in Houston, the Company employs approximately 7,500 full-time personnel and operates through four business units - M-I L.L.C., Smith Bits, Smith Services and Wilson.
The Company provides a comprehensive line of technologically-advanced products and engineering services, including drilling and completion fluid systems, solids-control equipment, waste-management services, three cone and diamond drill bits, fishing services, drilling tools, underreamers, casing exit and multilateral systems, packers and liner hangers. The Company also offers supply-chain management solutions through an extensive branch network providing pipe, valves, fittings, mill, safety and other maintenance products. |
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Recent Articles
Schlumberger, Smith Offer to Repurchase up to $1.87B in Debt
Wednesday, September 22, 2010 Schlumberger and its Smith International unit began tender offers to repurchase up to a combined $1.87 billion in debt.
Schlumberger Finalizes $11B Merger with Smith International
Monday, August 30, 2010 Schlumberger has closed its merger with Smith International. It has issued approximately 176 million shares pursuant to the merger, representing a transaction value of approximately $11 billion.
US Dept. of Justice OKs Schlumberger-Smith Merger
Tuesday, July 27, 2010 Schlumberger and Smith jointly announced that the U.S. Department of Justice has cleared their proposed merger without any conditions.
Schlumberger-Smith Merger Gets EU Green Light
Monday, July 26, 2010 Schlumberger and Smith jointly announced that the EU has cleared the proposed merger under the EC Merger Regulation without any conditions.
Smith Int'l Confirms 2 Missing Employees
Friday, April 23, 2010 Smith International confirmed that five M-I SWACO employees were aboard the Transocean Deepwater Horizon at the time of the incident.
Schlumberger, Smith Receive Antitrust's 2nd Request
Monday, April 05, 2010 Schlumberger and Smith International have received a second request, from the Antitrust Division of the United States Department of Justice in connection with their proposed merger.
Halliburton: No Need to Merge to Compete with Rivals
Thursday, March 11, 2010 The world's second-largest oilfield services provider doesn't feel the need to make a major acquisition, Bloomberg reported Wednesday.
Sources Say Schlumberger-Smith Deal on the Table
Friday, February 19, 2010 Schlumberger may acquire Smith International, a deal that would create an industry giant with revenues double that of its nearest rival.
Smith Posts Fourth Quarter, Fiscal Year Results
Wednesday, January 27, 2010 Smith International announced fourth quarter 2009 net income of $20.1 million.
Smith Acquires Petrobras Contract
Tuesday, January 05, 2010 Smith International, Inc. announced that on December 31, 2009 its PathFinder Energy Services business acquired a contract with Petroleo Brasileiro ("Petrobras") representing substantially all of the directional drilling assets from San Antonio Intern
Smith International Clinches New $1B Credit Facility
Monday, December 14, 2009 Smith International has secured a new 39-month revolving credit facility in the amount of $1.0 billion.
Smith International Prices Public Offering
Wednesday, November 18, 2009 Smith International has priced its previously announced public offering of 28,000,000 shares of its common stock at $26.50 per share.
Smith International Commences Public Offering of Common Stock
Tuesday, November 17, 2009 Smith International has commenced a public offering of 28,000,000 shares of its common stock.
Smith International's Profits Hit by Weak U.S. Natural Gas Market
Thursday, October 29, 2009 "The weak U.S. market continued to drive sequential declines in operating income. Our oilfield-related margins for the quarter fell sequentially by 100 basis points, resulting in decremental margins of 55%," said CFO William Restrepo.
Smith International Appoints New Board Member
Monday, October 26, 2009 Smith International has appointed Mr. Duane C. Radtke to the Company's Board of Directors. He will serve as a Class III director and will be eligible for election at the Annual Meeting of Stockholders in 2010.
Smith Appoints Executive Vice President of Strategy Implementation
Tuesday, October 13, 2009 Smith International announced today that effective November 1, 2009, Mike Pearce, currently President of Smith Technologies, is appointed Executive Vice President Strategy Implementation.
Smith International Waves Goodbye to CFO
Friday, October 02, 2009 Smith International has announced the retirement of Margaret Dorman, who has served as the Company's Executive Vice President, Chief Financial Officer and Treasurer since May 1999.
Smith International Creates Position for Director of Investor Relations
Wednesday, September 16, 2009 Shawn Housley has been appointed as Smith International's Director of Investor Relations.
Smith International Posts Second Quarter Earnings
Tuesday, July 28, 2009 "Our second quarter results reflect the unprecedented collapse in North American drilling activity which has led to lower volumes and a very competitive pricing environment," said John Yearwood, Smith CEO.
Tuesday, July 28, 2009 Smith International's drilling optimization solutions for Chesapeake Energy has resulted in their first well drilling Curve and Lateral in one run, with no trips in the Haynesville shale gas play.
