Press release from GlobeNewswire (a Nasdaq OMX company)
Oil States Announces the Opening of a New Saskatchewan Lodge
Wednesday, June 26, 2013
Oil States Announces the Opening of a New Saskatchewan Lodge04:01 EDT Wednesday, June 26, 2013
HOUSTON, June 26, 2013 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) announced today that the Company's Canadian subsidiary, PTI Group Inc. ("PTI"), has opened a new Canadian Lodge, Boundary Lodge, in southern Saskatchewan that will support power and infrastructure construction projects in the Estevan, Saskatchewan region and the surrounding Bakken oil and gas shale area. The accommodations facility opened for occupancy in mid June 2013 with expected total capacity of 348 rooms to be reached when the initial construction is completed in the third quarter of 2013.
Boundary Lodge will provide PTI's full suite of first-class accommodations and services including catering, ancillary and convenience services, internet service, conference rooms and leisure facilities for fitness, entertainment and relaxation.
"Our new Boundary Lodge in Estevan, Saskatchewan gives us a presence in a region of increasing activity," stated Cindy B. Taylor, Oil States' President and Chief Executive Officer. "We expect to support a diverse customer base in this region with multiple demand drivers."
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: Company Contact: Bradley J. Dodson Oil States International, Inc. 713-652-0582 Patricia Gil Oil States International, Inc. 713-470-4860