Weatherford Overview

Weatherford International, Inc. is one of the world’s leading providers of equipment and services used for the drilling, completion and production of oil and natural gas wells. Our operations are conducted in over 100 countries and we have more than 400 services and sales locations in substantially all of the oil and natural gas producing regions in the world. We are among the leaders in each of our primary markets and our distribution and service network is one of the most extensive in the industry.

Our primary objective is to provide our stockholders with above average returns on their investment through income growth and asset appreciation. We seek to achieve this objective through the pursuit of strategic investments and opportunities that will enhance the long-term value of our company while improving the market shares, offerings and profitability of our existing businesses. Our strategy for growth is to focus on selected areas and markets in which there exist opportunities for higher market growth or penetration or enhanced returns through consolidations or through the provision of proprietary value-added technologies and services. Our objective is to provide complete product and service capabilities within specified market segments of the industry in which we have competitive advantages or there exists significant growth potential.

Weatherford International, Inc. was formed in May 1998 from the merger of EVI, Inc. and Weatherford Enterra, Inc. Since the merger, Weatherford has completed more than 40 acquisitions that have provided the company with new technologies, product line extensions, geographic expansion and consolidation opportunities.