Press release from GlobeNewswire (a Nasdaq OMX company)
Oil States Announces New Permian Basin Accommodations Location
Thursday, June 13, 2013
Oil States Announces New Permian Basin Accommodations Location13:16 EDT Thursday, June 13, 2013
HOUSTON, June 13, 2013 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) announced today that the Company's U.S. accommodations subsidiary, PTI Group USA, ("PTI") has constructed a new facility in the Permian Basin in Pecos, Texas, that will support oil and gas operations and related services in the region. The accommodations facility opened for occupancy at the beginning of June 2013 with the room count expected to increase to a total capacity of 310 rooms when the initial construction is completed in the third quarter of 2013.
"We are delighted to announce the opening of our first Permian Basin accommodations facility," stated Cindy B. Taylor, Oil States' President and Chief Executive Officer. "The West Permian area is active and growing. The opening of this new facility will help us serve our customers' needs in a region of growing oil and gas activity."
Oil States International, Inc. is a diversified oilfield services company and 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 services, 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. For more information on the Company, please visit Oil States International's website at http://www.oilstatesintl.com.
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 oilfield service industry and other factors discussed in the "Business" and "Risk Factors" sections of the Form 10-K for the year ended December 31, 2012 filed by Oil States with the SEC on February 20, 2013 and the "Risk Factors" section of the Form 10-Q for the three months ended March 31, 2013 file by Oil States with the SEC on April 25, 2013.
CONTACT: Bradley J. Dodson Oil States International, Inc. 713-652-0582 Patricia Gil Oil States International, Inc. 713-470-4860