Smith International, Inc. (Smith) is a provider of products and services used during the drilling, completion and production phases of oil and natural gas development activities. The Company operates in three operating divisions: M-I SWACO, Smith Oilfield and Distribution. In addition to the W-H operations, the Company provides a range of technologically-advanced products and engineering services, including drilling and completion fluid systems, solids-control and separation equipment, waste-management services, oilfield production chemicals, three-cone and diamond drill bits, borehole enlargement services, tubulars, packers, liner hangers, fishing services and casing exit and multilateral systems. The Company also offers supply-chain management solutions through North American branch network providing pipe, valves and fittings as well as mill, safety and other maintenance products. On August 25, 2008, the Company completed the acquisition of W-H Energy Services, Inc. (W-H)
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