Newpark Resources to Present at Raymond James Conference
Newpark Resources to Present at Raymond James Conference
March 6, 2002
METAIRIE, La., Mar 6, 2002 /PRNewswire-FirstCall via COMTEX/ -- 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 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) 838-8222The 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 www.sec.gov , as well as through our Website, www.newpark.com .
MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X15538026SOURCE Newpark Resources, Inc.
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. URL: http://www.sec.gov http://www.newpark.com http://www.prnewswire.com
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