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Oil States International, Inc.
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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