"We continue to look to serve the needs of our customers and capitalize on our competitive rig design," stated Douglas E. Swanson, Oil States' Chief Executive Officer. "These long term contracts with a major independent operator for rigs to be delivered in 9 to 12 months validate the desirability and efficiency of our Capstar rig design for development drilling in the U.S. resource plays."
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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