Exhibit 99.1

Newpark Resources, Inc.
Pro forma Condensed Consolidated Balance Sheet
September 30, 2008
(Unaudited)

(In thousands)	Historical			Adjustments (1)			Pro Forma
ASSETS
Cash and cash equivalents	$	10,888		$	28		$	10,916
Receivables, net		186,628			10,729			197,357
Inventories		121,226			116			121,342
Deferred tax asset		23,359			44			23,403
Prepaid expenses and other current assets		13,586			270			13,856
Assets of discontinued operations		80,556			(80,249	)		307
Total current assets		436,243			(69,062	)		367,181
Property, plant and equipment, net		165,183			65,316			230,499
Goodwill		61,913			—			61,913
Deferred tax asset, net		383			—			383
Other intangible assets, net		16,425			—			16,425
Other assets		4,471			3,746			8,217
Total assets	$	684,618		$	—		$	684,618
LIABILITIES AND STOCKHOLDERS’ EQUITY
Foreign bank lines of credit	$	9,234		$	—		$	9,234
Current maturities of long-term debt		10,397			—			10,397
Accounts payable		71,269			6,471			77,740
Accrued liabilities		31,787			1,614			33,401
Liabilities of discontinued operations		14,022			(13,495	)		527
Total current liabilities		136,709			(5,410	)		131,299
Long-term debt, less current portion		153,635			—			153,635
Deferred tax liability		10,977			4,417			15,394
Other noncurrent liabilities		3,697			993			4,690
Total liabilities		305,018			—			305,018
Common stock		910			—			910
Paid-in capital		455,856			—			455,856
Accumulated other comprehensive income		10,701			—			10,701
Retained deficit		(72,774	)		—			(72,774	)
Less treasury stock, at cost		(15,093	)		—			(15,093	)
Total stockholders’ equity		379,600			—			379,600
Total Liabilities and Stockholders’ Equity	$	684,618		$	—		$	684,618

Newpark Resources, Inc.
Pro forma Condensed Consolidated Balance Sheet
December 31, 2007
(Unaudited)

(In thousands)	Historical			Adjustments (1)			Pro Forma
ASSETS
Cash and cash equivalents	$	5,741		$	—		$	5,741
Receivables, net		141,949			9,227			151,176
Inventories		120,202			124			120,326
Deferred tax asset		28,439			45			28,484
Prepaid expenses and other current assets		12,131			481			12,612
Assets of discontinued operations		86,628			(80,602	)		6,026
Total current assets		395,090			(70,725	)		324,365
Property, plant and equipment, net		159,094			68,669			227,763
Goodwill		62,616			—			62,616
Deferred tax asset, net		408			—			408
Other intangible assets, net		18,474			—			18,474
Other assets		6,097			3,770			9,867
Total assets	$	641,779		$	1,714		$	643,493
LIABILITIES AND STOCKHOLDERS’ EQUITY
Foreign bank lines of credit	$	7,297		$	—		$	7,297
Current maturities of long-term debt		11,565			—			11,565
Accounts payable		62,505			5,604			68,109
Accrued liabilities		20,367			1,193			21,560
Liabilities of discontinued operations		10,456			(9,512	)		944
Total current liabilities		112,190			(2,715	)		109,475
Long-term debt, less current portion		158,616			—			158,616
Deferred tax liability		5,923			4,417			10,340
Other noncurrent liabilities		4,386			12			4,398
Total liabilities		281,115			1,714			282,829
Common stock		902			—			902
Paid-in capital		450,319			—			450,319
Accumulated other comprehensive income		13,988			—			13,988
Retained deficit		(104,545	)		—			(104,545	)
Total stockholders’ equity		360,664			—			360,664
Total Liabilities and Stockholders’ Equity	$	641,779		$	1,714		$	643,493

Newpark Resources, Inc.
Pro forma Condensed Consolidated Balance Sheet
December 31, 2006
(Unaudited)

(In thousands)	Historical			Adjustments (1)			Pro Forma
ASSETS
Cash and cash equivalents	$	12,736		$	17		$	12,753
Receivables, net		141,790			10,368			152,158
Inventories		107,778			122			107,900
Deferred tax asset		23,001			(46	)		22,955
Prepaid expenses and other current assets		12,176			500			12,676
Assets of discontinued operations		19,880			(10,961	)		8,919
Total current assets		317,361			—			317,361
Property, plant and equipment, net		152,207			67,881			220,088
Goodwill		54,624			—			54,624
Deferred tax asset, net		7,096			(2,358	)		4,738
Other intangible assets, net		8,236			3,372			11,608
Other assets		7,440			437			7,877
Assets of discontinued operations		82,485			(69,332	)		13,153
Total assets	$	629,449		$	—		$	629,449
LIABILITIES AND STOCKHOLDERS’ EQUITY
Foreign bank lines of credit	$	10,938		$	—		$	10,938
Current maturities of long-term debt		4,058			—			4,058
Accounts payable		56,087			6,257			62,344
Accrued liabilities		21,439			1,883			23,322
Liabilities of discontinued operations		9,475			(8,140	)		1,335
Total current liabilities		101,997			—			101,997
Long-term debt, less current portion		198,037			10			198,047
Other noncurrent liabilities		4,344			—			4,344
Liabilities of discontinued operations		1,928			(10	)		1,918
Total liabilities		306,306			—			306,306
Common stock		897			—			897
Paid-in capital		444,763			—			444,763
Accumulated other comprehensive income		7,940			—			7,940
Retained deficit		(130,457	)		—			(130,457	)
Total stockholders’ equity		323,143			—			323,143
Total Liabilities and Stockholders’ Equity	$	629,449		$	—		$	629,449

Newpark Resources, Inc.
Pro forma Condensed Consolidated Statement of Operations
Nine Months Ended September 30, 2008
(Unaudited)

(In thousands, except per share data)	Historical		Adjustments (2)			Pro Forma
Revenues	$	584,067	$	47,350		$	631,417
Cost of revenues		515,656		42,298			557,954
		68,411		5,052			73,463
General and administrative expenses		16,593		—			16,593
Operating income		51,818		5,052			56,870
Foreign currency exchange loss		133		—			133
Interest expense, net		8,375		—			8,375
Income from continuing operations before income taxes		43,310		5,052			48,362
Provision for income taxes		14,301		1,990			16,291
Income from continuing operations		29,009		3,062			32,071
Income (loss) from discontinued operations, net of tax		2,762		(3,062	)		(300	)
Net income	$	31,771	$	—		$	31,771
Basic weighted average common shares outstanding		89,227					89,227
Diluted weighted average common shares outstanding		89,569					89,569
Income per common share (basic):
Income from continuing operations	$	0.33				$	0.36
Income from discontinued operations		0.03					—
Net income per common share	$	0.36				$	0.36
Income per common share (diluted):
Income from continuing operations	$	0.32				$	0.36
Income (Loss) from discontinued operations		0.03					(0.01	)
Net income per common share	$	0.35				$	0.35

Newpark Resources, Inc.
Pro forma Condensed Consolidated Statement of Operations
Nine Months Ended September 30, 2007
(Unaudited)

(In thousands, except per share data)	Historical			Adjustments (2)			Pro Forma
Revenues	$	453,024		$	45,222		$	498,246
Cost of revenues		393,176			37,261			430,437
		59,848			7,961			67,809
General and administrative expenses		17,833			—			17,833
Operating income		42,015			7,961			49,976
Foreign currency exchange gain		(279	)		—			(279	)
Interest expense, net		12,182			—			12,182
Income from continuing operations before income taxes		30,112			7,961			38,073
Provision for income taxes		10,586			2,500			13,086
Income from continuing operations		19,526			5,461			24,987
Income (loss) from discontinued operations, net of tax		2,563			(5,461	)		(2,898	)
Loss from disposal of discontinued operations, net of tax		(2,173	)		—			(2,173	)
Net income	$	19,916		$	—		$	19,916
Basic weighted average common shares outstanding		89,965						89,965
Diluted weighted average common shares outstanding		90,503						90,503
Income per common share (basic):
Income from continuing operations	$	0.22					$	0.28
Loss from discontinued operations		—						(0.06	)
Net income per common share	$	0.22					$	0.22
Income per common share (diluted):
Income from continuing operations	$	0.22					$	0.28
Loss from discontinued operations		—						(0.06	)
Net income per common share	$	0.22					$	0.22

Newpark Resources, Inc.
Pro forma Condensed Consolidated Statement of Operations
Year Ended December 31, 2007
(Unaudited)

(In thousands, except per share data)	Historical			Adjustments (2)			Pro Forma
Revenues	$	612,764		$	58,443		$	671,207
Cost of revenues		533,929			47,952			581,881
		78,835			10,491			89,326
General and administrative expenses		22,923			—			22,923
Operating income		55,912			10,491			66,403
Foreign currency exchange gain		(1,083	)		—			(1,083	)
Interest expense, net		20,251			—			20,251
Income from continuing operations before income taxes		36,744			10,491			47,235
Provision for income taxes		11,700			3,772			15,472
Income from continuing operations		25,044			6,719			31,763
Income (loss) from discontinued operations, net of tax		3,231			(6,719	)		(3,488	)
Loss from disposal of discontinued operations, net of tax		(1,613	)		—			(1,613	)
Net income	$	26,662		$	—		$	26,662
Basic weighted average common shares outstanding		90,015						90,015
Diluted weighted average common shares outstanding		90,527						90,527
Income per common share (basic):
Income from continuing operations	$	0.28					$	0.35
Income (loss) from discontinued operations		0.02						(0.05	)
Net income per common share	$	0.30					$	0.30
Income per common share (diluted):
Income from continuing operations	$	0.28					$	0.35
Income (loss) from discontinued operations		0.01						(0.06	)
Net income per common share	$	0.29					$	0.29

Newpark Resources, Inc.
Pro forma Condensed Consolidated Statement of Operations
Year Ended December 31, 2006
(Unaudited)

(In thousands, except per share data)	Historical			Adjustments (2)			Pro Forma
Revenues	$	581,908		$	60,409		$	642,317
Cost of revenues		500,062			50,685			550,747
		81,846			9,724			91,570
General and administrative expenses		20,022			—			20,022
Impairment losses		—			68,080			68,080
Operating income		61,824			(58,356	)		3,468
Foreign currency exchange loss		367			—			367
Interest expense, net		19,546			—			19,546
Income from continuing operations before income taxes		41,911			(58,356	)		(16,445	)
Provision for income taxes		13,851			(17,990	)		(4,139	)
Income from continuing operations		28,060			(40,366	)		(12,306	)
Income (loss) from discontinued operations, net of tax		(60,341	)		40,366			(19,975	)
Net income	$	(32,281	)	$	—		$	(32,281	)
Basic weighted average common shares outstanding		89,333						89,333
Diluted weighted average common shares outstanding		89,871						89,871
Income per common share (basic):
Income (loss) from continuing operations	$	0.31					$	(0.14	)
Loss from discontinued operations		(0.67	)					(0.22	)
Net income per common share	$	(0.36	)				$	(0.36	)
Income per common share (diluted):
Income (loss) from continuing operations	$	0.31					$	(0.14	)
Loss from discontinued operations		(0.67	)					(0.22	)
Net income per common share	$	(0.36	)				$	(0.36	)

Newpark Resources, Inc.
Pro forma Condensed Consolidated Statement of Operations
Year Ended December 31, 2005
(Unaudited)

(In thousands, except per share data)	Historical			Adjustments (2)			Pro Forma
Revenues	$	476,672		$	51,381		$	528,053
Cost of revenues		423,467			43,972			467,439
		53,205			7,409			60,614
General and administrative expenses		9,546			—			9,546
Operating income		43,659			7,409			51,068
Foreign currency exchange gain		(551	)		—			(551	)
Interest expense, net		15,965			—			15,965
Income from continuing operations before income taxes		28,245			7,409			35,654
Provision for income taxes		9,136			2,657			11,793
Income from continuing operations		19,109			4,752			23,861
Income (loss) from discontinued operations, net of tax		3,672			(4,752	)		(1,080	)
Net income		22,781			—			22,781
Less: Preferred stock dividends and accretion		509			—			509
Net income (loss) applicable to common shares	$	22,272		$	—		$	22,272
Basic weighted average common shares outstanding		85,950						85,950
Diluted weighted average common shares outstanding		86,454						86,454
Income per common share (basic):
Income from continuing operations	$	0.22					$	0.28
Income (loss) from discontinued operations		0.04						(0.02	)
Net income per common share	$	0.26					$	0.26
Income per common share (diluted):
Income from continuing operations	$	0.22					$	0.28
Income (loss) from discontinued operations		0.04						(0.02	)
Net income per common share	$	0.26					$	0.26

Newpark Resources, Inc.
Notes to Pro forma Condensed Consolidated Financial Information
(Unaudited)

Pro forma Balance Sheets

The unaudited pro forma condensed consolidated balance sheet as of September 30, 2008 is based upon the historical unaudited condensed consolidated balance sheet of Newpark Resources, Inc. as of September 30, 2008, as reported on our Quarterly Report on Form 10-Q. The unaudited pro forma condensed consolidated balance sheets as of December 31, 2007 and December 31, 2006 are based upon the historical audited consolidated balance sheets of Newpark Resources, Inc., as of these respective dates, as reported on our Annual Report on Form 10-K. These historical balance sheets are adjusted for the following:

(1) Assets and liabilities attributable to the U.S. environmental business are reclassified from discontinued operations to continuing operations, following the termination of the agreement to sell this operation.

Pro forma Statements of Operations

The unaudited pro forma condensed consolidated statements of operations for the nine months ended September 30, 2008 and September 30, 2007 are based upon the historical unaudited condensed consolidated statements of operations of Newpark Resources, Inc. for these periods, respectively, as reported on our Quarterly Report on Form 10-Q. The unaudited pro forma condensed consolidated statements of operations for the years ended December 31, 2007, 2006 and 2005 are based upon the historical audited consolidated statements of operations of Newpark Resources, Inc., for these periods, respectively, as reported on our Annual Report on Form 10-K. These historical statements of operations are adjusted for the following:

(2) The results of operations attributable to the U.S. environmental business are reclassified from discontinued operations to continuing operations, following the termination of the agreement to sell this operation.