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                                                                    Exhibit 99.1

              DAILEY INTERNATIONAL, INC. ANNOUNCES CONFIRMATION OF
                             PLAN OF REORGANIZATION

           Acquisition by Weatherford International Inc. Moves Ahead

CONROE, Texas, Aug. 19 -- Dailey International Inc. (OTC Bulletin Board: DALY)
today announced that the Delaware Bankruptcy Court entered an order confirming
the Second Amended Joint Plan of Reorganization of Dailey and certain of its
subsidiaries. The Plan was accepted by the requisite vote of holders of
Dailey's 9 1/2% Senior Notes due 2008. The Plan is expected to become effective
on August 31, 1999.

The Plan provides for the acquisition of Dailey by Weatherford International,
Inc. (NYSE: WFT) under the terms of an acquisition agreement previously
announced by Dailey and Weatherford. On the effective date, (i) all of the
outstanding Dailey Senior Notes will be canceled, and the holders thereof will
have the right to receive in exchange shares of common stock of Weatherford
having an aggregate market value (as provided in the Plan) of $185 million, and
(ii) all of the issued and outstanding shares of Class A and Class B common
stock of Dailey will be canceled and the holders thereof will have the right to
receive in exchange shares of Weatherford common stock having an aggregate
market value (as provided in the Plan) of $10 million.

Dailey International Inc. is a leading provider of specialty drilling equipment
and services to the oil and gas industry and designs, manufactures and rents
proprietary downhole tools for oil and gas drilling and workover applications
worldwide. Weatherford International, Inc. is one of the world's largest
providers of equipment and services used for the exploration and production of
oil and natural gas.

Contact:
Don Galletly     (713) 693-4148
Bill Sutton      (409) 523-4732




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