Release Details

Company Also Announces Results of Its Shareholder Meeting

METAIRIE, La., Jan. 3 /PRNewswire-FirstCall/ -- Newpark Resources, Inc. (NYSE: NR) announced today that it has secured a new $100 million revolving line of credit with its current bank group led by JP Morgan Chase Bank, N.A.

This new facility, which replaces the Company's current revolving credit facility of $70 million, provides improved liquidity for growth. The maturity date of the new facility is June 25, 2011, which is a three year extension of the Company's current facility. Additionally, the Company may elect to increase this facility, subject to approval by the Board of Directors and the bank group, by $30 million if the need arises.

Paul Howes, President and Chief Executive Officer of Newpark, stated, "This new revolving credit facility gives us the liquidity and flexibility to capitalize on the robust drilling market and pursue opportunities in our businesses, both domestically and internationally, over the next several years."

Additionally, Newpark announced that all items voted upon at its December 28, 2006 shareholder meeting were approved. Those items were the election of nine directors, approval of the 2006 Equity Incentive Plan, approval of an amendment to the 1999 Employee Stock Purchase Plan and ratification of the appointment of Ernst & Young LLP as the Company's independent auditor for 2006.

Newpark Resources, Inc. is a worldwide provider of drilling fluids, environmental waste treatment solutions, and temporary worksites and access roads for oilfield and other commercial markets. For more information, visit our website at http://www.newpark.com .

Forward-looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act that are based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about Newpark's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by Newpark, particularly Amendment No. 2 to its Annual Report on Form 10-K/A for the year ended December 31, 2005, and its Quarterly Reports on Form 10-Q for the first, second and third quarters of 2006, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to, the results of several class action and derivative lawsuits against Newpark and certain of our current and former directors and former officers; the results of the internal investigation into accounting matters by Newpark's Audit Committee; changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which Newpark does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales of Newpark products. Newpark's filings with the Securities and Exchange Commission can be obtained at no charge at http://www.sec.gov , as well as through our website at http://www.newpark.com .

Contacts: James E. Braun, CFO
Newpark Resources, Inc.
504-838-8222

Ken Dennard, Managing Partner
Dennard Rupp Gray & Easterly, LLC
ksdennard@drg-e.com
713-529-6600

SOURCE Newpark Resources, Inc.