"These rig additions represent our commitment to growing the Company and expanding our presence in key resource plays in the U.S.," stated Douglas E. Swanson, Oil States' Chief Executive Officer. "This acquisition in the Permian Basin allows us to immediately serve customer needs and capitalize on current market dynamics."
Oil States International, Inc. is a diversified oilfield services company. With locations around the world, Oil States is a leading manufacturer of products for deepwater production facilities and subsea pipelines, and a leading supplier of a broad range of services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling services. Oil States is organized in three business segments - Offshore Products, Tubular Services and Well Site Services, and is publicly traded on the New York Stock Exchange under the symbol OIS.
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