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Oil States Announces Purchase of Eagle Ford Accommodations Facility(January 12, 2012)
HOUSTON, Jan. 12, 2012 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) announced today that it has purchased an open camp accommodations facility located in Carrizo Springs, TX, 115 miles southwest of San Antonio, TX, and will provide accommodations support to customers working in the Eagle Ford basin.
The modular facility is currently operational and features 60 available beds with both private and double occupancy rooms, each with wireless internet and satellite TV. The property also offers shared kitchenettes and laundry facilities.
Cindy B. Taylor, Oil States' President and Chief Executive Officer, commented, "With the addition of the Carrizo Springs facility, we have quickly entered the growing Eagle Ford market with an existing operating base for our accommodations. As we assess customer needs and room demand in the area, we hope to expand the number of rooms available."
Oil States International, Inc. is a diversified oilfield services company with recently added exposure to the mining industry through The MAC acquisition. Oil States is a leading, integrated provider of remote site accommodations with prominent market positions in the Canadian oil sands and the Australian mining regions. Oil States is also a leading manufacturer of products for deepwater production facilities and subsea pipelines as well as a provider of completion-related rental tools, oil country tubular goods distribution and land drilling services to the oil and gas industry. Oil States is publicly traded on the New York Stock Exchange under the symbol OIS.
The Oil States International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6058
The foregoing contains forward-looking statements within the meaning of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements included therein will be based on then current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the oilfield service industry and other factors discussed within the "Business" and "Risk Factors" sections of the Form 10-K for the year ended December 31, 2010 filed by Oil States with the SEC on February 22, 2011 and the "Risk Factors" section of the Form 10-Q for the three months ended September 30, 2011 filed by Oil States with the SEC on November 4, 2011.
CONTACT: Bradley J. Dodson
Oil States International, Inc.
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