METAIRIE, La., March 6 /PRNewswire-FirstCall/ -- Newpark Resources, Inc.
(NYSE: NR) will speak to the investment community today at the Raymond James &
Associates 23rd Annual Institutional Investor Conference held in Orlando,
Florida. In the presentation, James D. Cole, Newpark's Chairman and CEO will
discuss the Company's position as a cyclical growth company providing
integrated fluids management, environmental and oilfield services, principally
to the North American natural gas exploration and production industry. The
Company's three primary business segments include:
Drilling Fluids -- Newpark Resources has developed the DeepDrill(TM)
system of patented high-performance products that replace environmentally
harmful substances in traditional drilling fluids, and specializes in the
application of these products to highly technical drilling projects
involving complex conditions. Newpark's fluid services are often
integrated with its E&P Waste Disposal Services to provide a "Performance
Services" package. This approach can reduce the volume of fluids
required, reduce the volume of waste created, and increase drilling
productivity, thereby lowering the customers total cost for the project.
Mat and Integrated Services -- Using patented wooden and the new
Dura-Base(TM) composite mat systems, the Company rents and sells
temporary work sites and access roads necessary to support heavy
equipment in unstable soil conditions. In addition to its primary Gulf
Coast rental business, Newpark sold over 21 thousand of these mats for
use in oilfield and construction applications throughout North America
during 2001. Newpark also provides other site-related construction and
environmental services to oilfield customers throughout major markets of
North America.
E&P Waste Disposal Services -- The Company provides environmentally safe
solutions for the disposal of oilfield waste products throughout North
America using recycling, composting, deep well injection and other
technologies. The Company also disposes of other oilfield and industrial
wastes.
A copy of the investor presentation can be obtained in Adobe PDF format by
clicking the "Presentation" link on the Investor Relations page of Newpark's
web site at http://www.newpark.com .
For further information contact:
Company New York
Matthew W. Hardey Ron Hengen
Vice President of Finance R. F. Hengen, Inc.
Newpark Resources, Inc. 253 Southgate Road
3850 N. Causeway, Suite 1770 Murray Hill, New Jersey 07974
Metairie, Louisiana 70002 (908) 508-9000
(504) 838-8222
The foregoing discussion contains 'forward-looking statements' within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Act of 1934, as amended. There are risks and
uncertainties that could cause future events and results to differ materially
from those anticipated by management in the forward-looking statements
included in this press release. For further information regarding these and
other factors, risks and uncertainties affecting Newpark, reference is made to
the risk factors set forth in the Prospectus dated March 27, 2001, included in
Newpark's Registration Statement on Form S-3 (File No. 333-53824), and to the
section entitled "Forward Looking Statements" on page 17 of that Prospectus.
In particular, as described on page 9 of that Prospectus, any material decline
in the level of oil and gas exploration and production activity could result
in fewer opportunities being available for the service industry in general and
Newpark in particular, and may adversely affect the demand for our services.
In addition, as described on page 13 of that Prospectus, any rescission or
relaxation of governmental regulations, including any delays in implementing
the new discharge regulations, could reduce the demand for Newpark's services
and reduce Newpark's revenues and income. You are strongly urged to review
these sections for a more detailed discussion of these risks and
uncertainties. Newpark's SEC filings can be obtained at no charge at
http://www.sec.gov , as well as through our Website, http://www.newpark.com .
SOURCE Newpark Resources, Inc.
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Related links:
http://www.newpark.com
http://www.rjcapitalmarkets.com/conferences_events_900_main.asp
CONTACT:
Matthew W. Hardey, Vice President of Finance
of Newpark Resources, Inc., +1-504-838-8222; or Ron Hengen of R.
F. Hengen, Inc., +1-908-508-9000, for Newpark Resources, Inc.
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