Oil States Announces Extension of Share Repurchase Program
21 August 2014 - 7:30AM
Oil States International, Inc. (NYSE:OIS) announced today that its
Board of Directors has authorized an extension of the repurchase
authorization of the Company's Common Stock to September 1, 2015.
This authorization replaces the prior share repurchase
authorization which was set to expire on September 1, 2014. The
Company has approximately $219 million remaining available under
the repurchase authorization and presently has approximately 54.1
million shares of Common Stock outstanding. The repurchases may be
effected from time to time in accordance with applicable securities
laws, through solicited or unsolicited transactions in the market,
or in privately negotiated transactions. Subject to applicable
securities laws, such purchases will be at times and in amounts as
the Company deems appropriate.
About Oil States
Oil States International, Inc. is an energy services company
with a leading market position as a manufacturer of products for
deepwater production facilities and certain drilling equipment, as
well as a provider of completion services 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".
For more information on the Company, please visit Oil States
International's website at http://www.oilstatesintl.com.
Forward Looking Statements
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 are 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 energy service industry
and other factors discussed in the "Business" and "Risk Factors"
sections of the Form 10-K for the year ended December 31, 2013
filed by Oil States with the Securities and Exchange Commission on
February 25, 2014.
CONTACT: Company Contact:
Lloyd A. Hajdik
Oil States International, Inc.
Senior Vice President, Chief Financial Officer and Treasurer
713-652-0582
Patricia Gil
Oil States International, Inc.
Investor Relations
713-470-4860