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NEWPARK REPORTS INCREASED NET EARNINGS IN 1992

 NEW ORLEANS, March 9 /PRNewswire/ -- Newpark Resources, Inc. (NASDAQ: NPRS) today reported 1992 net earnings of $5,286,000, or 58 cents per share, on revenues of $64.1 million, compared to 1991 net earnings of $2,503,000, or 40 cents per share, on revenues of $60.1 million.
 Net earnings in 1991 were reduced by $1.5 million in non-recurring costs, equal to 25 cents per share, related to the early extinguishment of debt.
 For the current quarter ended Dec. 31, Newpark earned $1,492,000, or 16 cents per share, on revenues of $18 million compared to $1,164,000, equal to 13 cents per share, on revenues of $14.1 million in the same period of 1991.
 Per-share results are based on the weighted average of shares outstanding during the respective periods and reflect an increase of approximately 3 million shares in September 1991 resulting from a public offering.
 James D. Cole, president and chief executive officer, attributed the improvement in operating earnings to cost reductions effected throughout the year. Cole added: "Reduced oil and gas drilling activity in the U.S., reflected in the historic low reached in the 1992 rig count, resulted in significantly underutilized capacity in Newpark's integrated environmental services and waste processing businesses. Industry analysts anticipate that 1992 will prove to have been the bottom of the recent market downturn and that the long awaited improvement will occur in the second half of 1993, driven by balanced supply and demand and improved pricing for natural gas. Our strategy has been to position the company for this recovery, and we expect that any significant improvement in the market will greatly benefit our shareholders," Cole said.
 Newpark Resources, Inc. provides integrate environmental and oilfield services to the oil and gas exploration and production industry.
 NEWPARK RESOURCES, INC.
 Consolidated Statement of Operations
 (In 000s, except per-share amounts)
 Periods ended Quarter Year
 Dec. 31 1992 1991 1992 1991
 Revenues $17,975 $14,148 $64,135 $60,050
 Income before extraordinary
 and non-recurring items 1,492 1,164 5,286 4,023
 Extraordinary and
 non-recurring items -- -- -- (1,520)
 Net income 1,492 1,164 5,286 2,503
 Per-share data:
 Income before extraordinary
 and non-recurring items $.16 $.13 $.58 $.65
 Extraordinary and
 non-recurring items -- -- -- (.25)
 Net income .16 .13 .58 .40
 Wtd. avg. shares outstdg. 9,118 9,066 9,109 6,210
 Supplementary Financial Data by Operating Segment
 Periods ended Quarter Year
 Dec. 31 1992 1991 1992 1991
 Revenues:
 Environmental services $13,600 $9,744 $44,956 $39,684
 Oilfield services 1,606 1,726 6,858 7,374
 Marine services 2,769 2,678 12,321 12,992
 Total 17,975 14,148 64,135 60,050
 Segment operating profit:
 Environmental services 2,600 1,228 5,905 4,819
 Oilfield services 483 605 1,651 2,014
 Marine services 325 51 1,205 45
 Total 3,408 1,884 8,761 6,878
 -0- 3/9/93
 /CONTACT: Matthew W. Hardey, VP-finance of Newpark Resources, Inc., 504-838-8222/
 (NPRS)


CO: Newpark Resources, Inc. ST: Louisiana IN: OIL SU: ERN

LR-CK -- NY044 -- 4514 03/09/93 12:10 EST
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Date:Mar 9, 1993
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