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Hydril Company Elected Roger Goodan and Gordon Hall to Board of Directors.

Business/Energy Editors

HOUSTON--(BUSINESS WIRE)--March 26, 2002

Hydril Company (Nasdaq:HYDL) elected Roger Goodan and Gordon Hall to the company's board of directors at today's board of directors' meeting.

Roger Goodan, age 57, served as vice president of Schlumberger Information Solutions, a supplier of services and technology to the international petroleum industry, until his retirement in December 2001. Mr. Goodan held executive positions in operations, engineering and finance for Schlumberger from 1973 to 2001. He is a director of The Tribune Company.

Gordon Hall, age 42, had been managing director, senior oil field services analyst, co-head of global energy group and Houston equity branch manager at Credit Suisse First Boston, a leading investment-banking firm offering financial advisory, capital raising and sales and trading services, from 1987 until his retirement in February 2002. He is a director of Hanover Compression Company.

Richard Seaver, chairman of the board of directors, said, "We are pleased to welcome Goodan and Hall to Hydril Company's board. Their election expands the board to 11 members, 10 of whom are non-executives of the company. Mr. Goodan's operations experience in the oil service sector that we serve will enhance the board's understanding of today's markets. Mr. Hall's added insights complement the existing board's acumen for financial and capital management. Both gentlemen will contribute to the developmental plans for the future growth of the company."

Hydril Company, headquartered in Houston, is engaged worldwide in engineering, manufacturing and marketing premium connection and pressure control products used for oil and gas drilling and production.

Forward-Looking Statements

This press release contains forward-looking statements. These statements relate to future events or the company's future financial performance, including the company's business strategy, and involve known and unknown risks and uncertainties. These risks, uncertainties and assumptions, many of which are more fully described in Hydril Company's Annual Report on Form 10-K for the year ended Dec. 31, 2000 filed with the Securities and Exchange Commission, include the impact of oil and natural gas prices and worldwide economic conditions on drilling activity and the demand for and pricing of Hydril's products. These factors may cause the company's or the industry's actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by the forward-looking statements.
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Publication:Business Wire
Date:Mar 26, 2002
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