8-K

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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K

                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

        DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): August 28, 2006

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                         OIL STATES INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)

              Delaware                       1-16337              76-0476605
    (State or other jurisdiction        (Commission File       (I.R.S. Employer
  of incorporation or organization)          Number)         Identification No.)

                               Three Allen Center
                           333 Clay Street, Suite 4620
                              Houston, Texas 77002
                       (Address and zip code of principal
                               executive offices)

       Registrant's telephone number, including area code: (713) 652-0582

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities
     Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

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ITEM 8.01  OTHER EVENTS.

     On August 28, 2006, Oil States International, Inc. (the "Company") issued a
press release announcing that its Board of Directors has authorized an
additional $50,000,000 for the repurchase of the Company's Common Stock, par
value $.01 per share. A copy of the press release is furnished herewith as
Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

      (d)   Exhibits.

Exhibit
Number      Description of Document
- -------     -----------------------------------
99.1        Press Release dated August 28, 2006



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated:  August 29, 2006

                                                  OIL STATES INTERNATIONAL, INC.

                                                  By:    /s/ Bradley J. Dodson
                                                         -----------------------
                                                  Name:  Bradley J. Dodson
                                                  Title: Vice President,
                                                         Chief Financial Officer
                                                         and Treasurer



                                INDEX TO EXHIBITS

Exhibit
Number     Description of Document
- -------    -----------------------------------
99.1       Press Release dated August 28, 2006

EX-99.1

                                                                    Exhibit 99.1

            OIL STATES INCREASES AND EXTENDS SHARE REPURCHASE PROGRAM

    HOUSTON, Aug. 28 /PRNewswire-FirstCall/ -- Oil States International, Inc.
(NYSE: OIS) announced today that its Board of Directors has authorized an
additional $50,000,000 for the repurchase of the Company's Common Stock, par
value $.01 per share. This authorization increases the previously announced
program, under which $17 million remains outstanding, and extends the duration
of the repurchase program to August 31, 2008. As a result of this increased
authorization, the Company now has the ability to repurchase up to approximately
$67 million of its common stock over the next two years. The Company presently
has approximately 49.8 million shares of Common Stock outstanding.

    Consistent with the initial authorization, the repurchases may be effected
from time to time in accordance with applicable securities laws, through
solicited or unsolicited transactions in the market or in privately negotiated
transactions. Subject to applicable securities laws, such purchases will be at
times and in amounts as the Company deems appropriate.

    In announcing the repurchase program, Douglas E. Swanson, the Company's
Chief Executive Officer, stated, "We believe increasing this program will
increase shareholder value and reflects our confidence in the value of Oil
States. We expect the program to be accretive and enhance earnings per share and
return on equity."

    Oil States International, Inc. is a diversified oilfield services company.
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 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, 2005 filed by Oil States with the
SEC on March 2, 2006.

SOURCE  Oil States International, Inc.
    -0-                             08/28/2006
    /CONTACT:  Bradley J. Dodson of Oil States International, Inc.,
+1-713-652-0582/
    /Web site:  http://www.oilstatesintl.com /