Oil States Acquires Oil Sands Lodge

HOUSTON, Feb. 4 /PRNewswire-FirstCall/ -- Oil States International, Inc.
(NYSE: OIS) today announced that its Canadian subsidiary, PTI Group Inc., has
purchased all of the equity of Christina Lake Enterprises Ltd., the owners of
a high-end lodge ("Christina Lake Lodge") in the Conklin area of Alberta,
Canada. Ideally situated on over 40 acres, Christina Lake Lodge provides
upscale lodging and catering for up to 92 people in the southern area of the
oil sands region and can be expanded to accommodate future growth.
Consideration for the lodge consisted of C$6.5 million in cash, funded from
borrowings under the Company's existing credit facility, and is subject to
post-closing working capital adjustments. For its fiscal year ended
October 31, 2007, Christina Lake Lodge generated approximately C$3.9 million
of revenues.
"We are excited to complete the acquisition of Christina Lake Lodge which
expands our accommodations offerings into the southern oil sands area," stated
Cindy B. Taylor, Oil States' president and chief executive officer. "We are
pleased to add high quality accommodations and services to support our
customers' growing SAGD developments in the area."
Oil States International, Inc. is a diversified oilfield services company.
With locations around the world, Oil States is a leading manufacturer of
products for deepwater production facilities and subsea pipelines, and a
leading supplier of a broad range of services to the oil and gas industry,
including production-related rental tools, work force accommodations and
logistics, oil country tubular goods distribution and land drilling services.
Oil States is organized in three business segments -- Offshore Products,
Tubular Services and Well Site Services, and 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
www.oilstatesintl.com.
This press release 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 in the presentation 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" section of the Form 10-K for the year
ended December 31, 2006 filed by Oil States with the SEC on February 28, 2007.
SOURCE Oil States International, Inc.

Bradley J. Dodson of Oil States International, Inc., +1-713-652-0582