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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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                                    FORM 8-K

                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

       DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): FEBRUARY 22, 2007

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                         OIL STATES INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)

            Delaware                       1-16337               76-0476605
  (State or other jurisdiction         (Commission File       (I.R.S. Employer
of incorporation or organization)          Number)           Identification No.)

                               Three Allen Center
                           333 Clay Street, Suite 4620
                              Houston, Texas 77002
              (Address and zip code of principal executive offices)

       Registrant's telephone number, including area code: (713) 652-0582

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities
     Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

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ITEM 8.01  OTHER EVENTS.

     On February 22, 2007, Oil States International, Inc. (the "Company"),
announced that its board of directors recently approved a capital expenditures
budget of $203 million for 2007. The Company expects that capital expenditures
will be funded through operating cash flow. A copy of the press release is
furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

     (d)   Exhibits.
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Exhibit
Number     Description of Document
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99.1       Press Release dated February 22, 2007




                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


Dated:  February 22, 2007

                              OIL STATES INTERNATIONAL, INC.


                              By:    /s/ Bradley J. Dodson
                                     -------------------------------------------
                              Name:  Bradley J. Dodson
                              Title: Vice President, Chief Financial Officer and
                                     Treasurer



                                INDEX TO EXHIBITS

Exhibit
Number     Description of Document
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99.1       Press Release dated February 22, 2007