Business Context and Reporting Period
This Form 8-K was filed by Oil States International, Inc. on April 4, 2011. The report discloses a material event under Item 7.01 (Regulation FD Disclosure) regarding the Company's Canadian subsidiary, PTI Group Inc.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on a corporate operational update rather than financial performance data.
Material Changes
The primary material change reported is the commencement of initial construction on PTI Group Inc.'s fifth major lodge, the Henday Lodge. This facility is located in the oil sands region of northern Alberta, Canada.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors. The document explicitly states that the information contained in the press release (Exhibit 99.1) is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Verify the operational status and timeline of the Henday Lodge construction project.
- Review the full text of the press release (Exhibit 99.1) for details on capital expenditure requirements.
- Confirm the strategic impact of the fifth lodge on PTI Group Inc.'s capacity in the Canadian oil sands region.