Exhibit 99.1

             OIL STATES REPORTS RESULTS OF INTERNAL INVESTIGATION

     HOUSTON, Feb. 18 /PRNewswire-FirstCall/ -- Oil States International, Inc.
(NYSE: OIS) (the "Company") announced today that it has conducted an internal
investigation prompted by the discovery of over billings totaling $439,000 by
one of its subsidiaries (the "Subsidiary") to a customer in South America. The
over billings were detected by the Company during routine financial review
procedures, and appropriate financial statement adjustments were included in its
previously reported fourth quarter 2004 results. The Company and independent
counsel retained by the Company's audit committee conducted separate
investigations consisting of interviews and a thorough examination of the facts
and circumstances in this matter. The Company has voluntarily reported the
results of its investigation to the Securities and Exchange Commission (the
"SEC") and will fully cooperate with any requests for information received from
the SEC.

     The over billings appear to have resulted from invoices for goods and
services not provided that were initiated and transacted by the Subsidiary's
employees, a consultant of the Subsidiary and field level employees of a
government owned oil company. The conduct involved a limited number of
individuals in one location and occurred between December 2003 and November
2004. Payments received by the Subsidiary from the over billings were offset by
fees paid by the Subsidiary to the consultant. It is believed that the
consultant, in turn, made payments to the field level employees of the
government owned oil company. Even though none of Oil States, the Subsidiary and
the Subsidiary's employees profited from the scheme, the Subsidiary will
reimburse its customer for all over billings. The pre-tax adjustment for the
over billed amounts totaling $439,000 was subtracted from revenues in the
Company's previously reported fourth quarter 2004 results.

     Douglas E. Swanson, Oil States' President and Chief Executive Officer,
stated, "The over billings were detected by the Company during the course of
routine financial review procedures which are part of our internal control
systems and procedures. All appropriate remedies, reimbursements and
disciplinary actions will be taken to conclude this issue."

     Oil States International, Inc. is a diversified solutions provider for the
oil and gas industry. 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, hydraulic
workover services 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 http://www.oilstatesintl.com.



     The foregoing 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 herein are based on 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, 2003 filed by Oil States with the
SEC on March 5, 2004.

SOURCE  Oil States International, Inc.
    -0-                             02/18/2005
    /CONTACT:  Cindy B. Taylor of Oil States International, Inc.,
+1-713-652-0582/
    /Web site:  http://www.oilstatesintl.com/
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