Hydril Says Westwego Facility Still Closed; Damage Minimal

Hydril's premium connection manufacturing facility located in Westwego, Louisiana, which is in Jefferson Parish across the Mississippi River from New Orleans, has been closed since Saturday, August 27, 2005 due to Hurricane Katrina. The facility employs about 11% of Hydril's worldwide manufacturing workforce and provides premium threading of casing, tubing and accessories for the drilling of oil and gas wells.

Chris Seaver, President and CEO stated, ``Our top priority is our employees affected by this tragedy and their families. We are assisting displaced employees with basic living necessities and offering employment at our Houston manufacturing facilities. In addition, the Company has established a disaster relief fund for our Westwego employees and their families.''

A preliminary inspection of the Westwego facility last week indicated some structural damage, but no flooding; the machinery and equipment appear to be intact and able to function. The principal impediments to reopening the facility are (i) restoration of the city's infrastructure, including power sufficient to operate the facility, and (ii) getting employees and families back into their homes or temporary accommodations. There is no estimate at this time as to when these impediments can be overcome. The Company is working to shift production scheduled for the Westwego facility to other facilities to meet the needs of our customers.

Hydril, headquartered in Houston, Texas, is engaged worldwide in engineering, manufacturing and marketing premium connection and pressure control products used for oil and gas drilling and production.