Hydril's Board of Directors Authorizes Share Repurchase Program

  
    
  
  
    
      (NASDAQ:HYDL) Hydril’s Board of Directors has 
      authorized the Company to repurchase up to $150 million of its common 
      stock. The Company intends to repurchase its shares in the open market 
      or in privately negotiated transactions based on, among other things, 
      its ongoing capital requirements, expected cash flows, regulatory 
      restraints, and general market conditions.
    
    
      Hydril Company, headquartered in Houston, Texas is engaged worldwide in 
      engineering, manufacturing and marketing premium connections and 
      pressure control products used for oil and gas drilling and production.
    
  
(NASDAQ:HYDL) Hydril's Board of Directors has authorized the
Company to repurchase up to $150 million of its common stock. The
Company intends to repurchase its shares in the open market or in
privately negotiated transactions based on, among other things, its
ongoing capital requirements, expected cash flows, regulatory
restraints, and general market conditions.

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