1996 ANNUAL REPORT  







From left to right:
Roger A. Brown, President, Smith Diamond Technology
Doug Rock, Chairman of the Board and Chief Executive Officer
D. Barry Heppenstall, President, Smith Tool
Neal S. Sutton, Senior Vice President - Administration, General Counsel and Secretary
Richard A. Werner, President, Smith Drilling & Completion
John J. Kennedy, Vice President, Chief Accounting Officer and Treasurer
Loren K. Carroll, Executive Vice President and Chief Financial Officer; President and Chief Executive Officer, M-I Drilling Fluids, L.L.C.