Market Overview

Oil States Acquires Quality Connector Systems

Oil States International (NYSE: OIS) announced today that its subsidiary, Oil States Industries has acquired Quality Connector Systems, LLC ("QCS"). Headquartered in Houston, Texas, QCS designs, manufactures and markets a portfolio of proprietary deep and shallow water pipeline connectors for subsea pipeline construction, repair and expansion projects. Terms of the transaction were not disclosed.

"The acquisition of QCS provides our offshore products segment with additional opportunities to expand our portfolio of subsea pipeline connector products. The outlook for offshore pipeline activity is robust, and I am excited about expanding our product line offering," said Cindy B. Taylor, Oil States' president and chief executive officer.

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 and land drilling services to the oil and gas industry. Oil States International, Inc. is a publicly traded company on the New York Stock Exchange under the ticker symbol OIS.

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