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EXHIBIT 99.1
[LOGO] LONE STAR NEWS RELEASE
TECHNOLOGIES, INC.
CONTACT: CHARLES J. KESZLER
(972) 770-6495
Fax: (972) 770-6411
LONE STAR TECHNOLOGIES, INC. ANNOUNCES
NEW ALLIANCE FOR SEAMLESS TUBULAR PRODUCTS
Dallas, TX, October 19, 2000....Lone Star Technologies, Inc. (Lone Star), NYSE:
LSS, announced that its operating subsidiary, Lone Star Steel Company, has
entered into an exclusive multi-year agreement with CF&I Steel L.P., doing
business as Rocky Mountain Steel Mills (Rocky Mountain), to market Rocky
Mountain's seamless steel tubular and related products.
Rocky Mountain manufactures seamless tubular products primarily used in oilfield
applications in the 5 1/2 inch to 10 3/4 inch size range. Rocky Mountain's mill,
located in Pueblo, Colorado, is ideally located to supply oilfield tubulars for
growing natural gas exploration and production in the Rocky Mountain, Canadian,
Gulf of Mexico and Alaskan markets. The alliance also provides additional
opportunities for operating synergies related to Steel's extensive finishing
capabilities.
Rhys J. Best, Chairman, Chief Executive Officer and President of Lone Star said,
"The new alliance with Rocky Mountain expands our ability to serve our customers
with a more complete line of oilfield tubular products for exploration, and
production. Rocky Mountain produces high quality seamless tubulars and recent
capital investment at Rocky Mountain will further expand opportunities for
specialty tubing applications."
Lone Star Technologies, Inc. is a holding company whose principal operating
subsidiaries manufacture and market oilfield casing, tubing and line pipe,
specialty tubing products including finned tubes used in a variety of heat
recovery applications, and flat rolled steel and other tubular products and
services.
This release contains forward looking statements based on
assumptions that are subject to a wide range of business
risks. There is no assurance that the estimates and
expectations in this release will be realized. Important
factors that could cause actual results to differ materially
from the forward looking statements are described in the
periodic filings of Lone Star Technologies, Inc. with the
Securities and Exchange Commission, including its Annual
Report on Form 10-KA for the year ended December 31, 1999.
