Oil States (OIS) Approves $200M Buyback

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Oil States International, Inc. (NYSE: OIS) announced today that its Board of Directors has authorized $200,000,000 for the repurchase of the Company's Common Stock, par value $.01 per share. This authorization replaces the prior share repurchase authorization which was set to expire on September 1, 2012. The Company presently has approximately 54.8 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. The Board of Directors' authorization is limited in duration and expires on September 1, 2014. Subject to applicable securities laws, such purchases will be at times and in amounts as the Company deems appropriate.

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