Varel International Opens New Office in Louisiana

Varel International, the world's largest independent drill bit company, announced today the opening of their new office in Lafayette, Louisiana. The office will provide all sales and service functions for customers operating in Louisiana and the state's intercoastal waters along the Gulf of Mexico.

"This new office is the result of the strategic decision Varel is making to expand our customer base and product performance on the Gulf Coast and in Gulf of Mexico," said David Wilson, Vice President of Sales & Operations for Western Hemisphere-South at Varel International. "Our experienced personnel working in this office know the Louisiana oil and gas market well. They are committed to providing solutions to our customers to help them maximize their drilling performance."

The new Varel Lafayette office is open and inquiries may be directed to:

Russell Cryer, Executive Sales
Michelle Frederick, Workover Bit Sales
Nick Pfister, Field Sales
Office Tel: +1.337.237.4245
Office Tel: +1.337.237.4442
Office Fax: +1.337.237.4996

Founded in 1947, Varel International is the world's largest independent supplier and the fifth largest company operating in the global oil & gas drill bit market. Headquartered in Carrollton, Texas, Varel services oil & gas, mining, and industrial markets with its comprehensive suite of roller cone and fixed cutter drill bits. The Company employs 1,000 people and has manufacturing facilities in Carrollton, Texas; Houston, Texas; Matamoros, Mexico and Tarbes, France, as well as sales offices throughout the world. Varel's proprietary design capabilities, efficient manufacturing, and global sales force uniquely positions the Company to provide high-quality drill bits that deliver excellent performance and value to its customer base.