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<SEC-DOCUMENT>0001275287-06-001255.txt : 20060307
<SEC-HEADER>0001275287-06-001255.hdr.sgml : 20060307
<ACCEPTANCE-DATETIME>20060307083604
ACCESSION NUMBER:		0001275287-06-001255
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060306
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060307
DATE AS OF CHANGE:		20060307

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEWPARK RESOURCES INC
		CENTRAL INDEX KEY:			0000071829
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL & GAS FILED MACHINERY & EQUIPMENT [3533]
		IRS NUMBER:				721123385
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-02960
		FILM NUMBER:		06668720

	BUSINESS ADDRESS:	
		STREET 1:		3850 N. CAUSEWAY BLVD
		STREET 2:		SUITE 1770
		CITY:			METAIRIE
		STATE:			LA
		ZIP:			70002
		BUSINESS PHONE:		5048388222

	MAIL ADDRESS:	
		STREET 1:		P O BOX 6411
		STREET 2:		II LAKEWAY CENTER STE 1770

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW PARK MINING CO
		DATE OF NAME CHANGE:	19720828
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>nr5022.txt
<DESCRIPTION>FORM 8-K
<TEXT>
================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    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): March 6, 2006

                             NEWPARK RESOURCES, INC.
             (Exact name of registrant as specified in its charter)

           Delaware                     1-2960                    72-1123385
 (State or other jurisdiction        (Commission                (IRS Employer
      of incorporation)              File Number)            Identification No.)

         3850 North Causeway, Suite 1770
              Metairie, Louisiana                                   70002
     (Address of principal executive offices)                     (Zip Code)

       Registrant's telephone number, including area code: (504) 838-8222

        -----------------------------------------------------------------
         (Former name or former address, if changed since last report.)

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:

[ ]  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 240.13a-4(c))

================================================================================

<PAGE>

ITEM 2.02.     RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

     On March 6, 2006, Newpark Resources, Inc. issued a press release announcing
results for the year and quarter ended December 31, 2005. The press release is
attached to this Form 8-K as Exhibit 99.1.

     The information in this Form 8-K and the exhibit attached hereto shall not
be deemed "filed" for purposes of section 18 of the Securities Exchange Act of
1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of
that section, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act regardless of
any general incorporation by reference language in such filing.

ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS.

(d)  Exhibits.

     99.1 Press release issued by Newpark Resources, Inc. on March 6, 2006.

<PAGE>

                                   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.

                                        NEWPARK RESOURCES, INC.

Dated: March 6, 2006                    By: /s/ Matthew W. Hardey
                                            ------------------------------------
                                            Matthew W. Hardey,
                                            Vice President and
                                            Chief Financial Officer

<PAGE>

                                  EXHIBIT INDEX

EXHIBIT NO.                          DESCRIPTION
- -----------         --------------------------------------------
99.1                Press Release, dated as of March 6, 2006
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>nr5022ex991.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    EXHIBIT 99.1

[LOGO OF NEWPARK RESOURCES, INC]
- --------------------------------------------------------------------------------
3850 NORTH CAUSEWAY BOULEVARD . SUITE 1770 . MATAIRE, LOUISIANA 70002-1752 .
(504) 838-8222 . FAX (504) 833-9506

                     NEWPARK RESOURCES REPORTS FULL YEAR AND
                           FOURTH QUARTER 2005 RESULTS

     o    Total Revenues Increase 28.5%
     o    Net Income Grows 440% Year over Year
     o    Hurricanes Impact Earnings by $0.08 per Share

METAIRIE, La, (PR Newswire)--Monday, March 6, 2006 - Newpark Resources, Inc.
(NYSE: NR) today reported net income for the year ended December 31, 2005 of
$21.6 million, or $0.25 per common share, on revenue of $557.0 million. This
compares to 2004 net income of $4.0 million, or $0.05 per common share, on
revenue of $433.4 million.

For the fourth quarter of 2005, Newpark reported net income of $6.9 million or
$0.08 per share, on revenue of $147.3 million. This compares to net income of
$526,000 or $0.01 per share, on revenue of $113.7 million in the 2004 quarter.
Amounts for 2004 include $4.2 million of non-cash charges, equal to $0.03 per
share, affecting both the year and the fourth quarter results.

The quarterly and annual net income reported are in line with analyst estimates
and our 2005 guidance.

Consolidated revenue and segment operating income gains in both the year and
fourth quarter were driven by continued growth in the company's drilling fluids
segment, which increased revenue by 42% during 2005 notwithstanding the impact
in the third and fourth quarters of hurricanes in the Gulf of Mexico.

James D. Cole, Newpark's Chief Executive Officer commented: "We believe that
Hurricanes Katrina and Rita, which directly affected both the drilling fluids
and E&P waste business, reduced reported revenue by more than $21.0 million,
impacting reported earnings by approximately $0.08 per share. To date, Newpark
has recovered approximately $8.3 million of its insured losses, including
principally property damage and a portion of its business interruption claims
related to Hurricanes Katrina and Rita. Determination of the additional amount
of the business interruption claims has not yet been completed."

DRILLING FLUIDS SEGMENT
- -----------------------
Drilling fluids revenue for 2005 totaled $386.2 million, an increase of 42% from
$272.9 million the prior year. Segment operating margin increased 90% to $41.4
million in 2005 compared to $21.8 million the prior year. This equates to a
10.7% operating margin in 2005, up from 8.0% in the year-ago period.

            NEWPARK RESOURCES, INC. - 4Q AND FY 2005 EARNINGS RELEASE
                       ISSUED MARCH 6, 2006 - PAGE 1 OF 7
<PAGE>

Fourth quarter 2005 revenue of $103.7 million increased 34.9% from $76.9 million
in the year-ago period, the result of continued strong growth in markets outside
of the storm-impacted Gulf Coast, as the number of rigs serviced by Newpark in
the fourth quarter increased 25% compared to a year ago. Segment operating
income rose by over 44% to $11.6 million, or 11.2% of revenue, compared to $8.1
million, equal to 10.5% of revenue, in the 2004 quarter.

Cole commented, "Much of the fourth quarter revenue growth came from the
unconventional gas markets in the Mid-Continent region made possible by advances
in drilling and fracture stimulation technology. Newpark began to develop a
position in these markets several years ago and has made considerable progress
deploying the NewPhase(TM) product, a component of the company's high
performance water-based product line, to create high performance fluid systems
tailored to the drilling problems created by the reactive shale strata
encountered in that market. With the continued development of shale plays in
various U.S. basins, such as in the Mid Continent and the Rockies, we are
optimistic about further market penetration for NewPhase(TM)."

E&P WASTE SERVICES
- ------------------
E&P waste segment revenue declined 5% to $61.3 million in 2005 compared to $64.5
million in 2004, the combined effect of adverse tropical weather and the focus
of key personnel on the start-up of the new water treatment technology project.
The Gulf Coast component of revenue suffered a volume decline from 3.2 million
barrels in 2004 to 3.1 million in 2005 due to the late season storms. This was
offset by a 10% increase in average revenue per barrel to $12.96 arising from
favorable changes in mix. The segment operating contribution for 2005 was $6.4
million, equal to 10.4% of revenue, compared to $8.2 million, or 12.6% of
revenue in 2004.

Fourth quarter 2005 revenue totaled $16.4 million, substantially unchanged from
$16.9 million in the final quarter of 2004. Segment operating profit of $2.8
million equaled 16.9% of revenue as compared to 14.8%, or $2.5 million, a year
ago. Gulf Coast market waste volume in the fourth quarter rebounded sequentially
to 803,000 from 683,000 barrels in the third quarter of 2005 as the company
moved rapidly to reopen storm-damaged facilities and captured increased market
share in the process.

WATER TREATMENT TECHNOLOGY
- --------------------------
Newpark is continuing work to commercialize a new proprietary water treatment
technology, with current engineering efforts directed to improve the throughput
capacity of the company's Boulder, Wyo. waste disposal site serving the Jonah
and Pinedale fields in southwestern Wyoming, a very active North American
natural gas market. In addition, Newpark has completed construction and is
currently starting operation of its Gillette, Wyo. treatment facility which it
will operate for a major independent gas producer in the coal seam methane
market.

            NEWPARK RESOURCES, INC. - 4Q AND FY 2005 EARNINGS RELEASE
                       ISSUED MARCH 6, 2006 - PAGE 2 OF 7
<PAGE>

"Testing is slated to begin this month near Fort McMurray, Alberta, applying our
water treatment technology to recycle contaminated water generated with
production from oil sands in that area," said Cole. "We believe that there is
additional value to be created by capturing the heat energy contained in the
water and returning it to the operator, potentially reducing their energy
consumption in the production process. Application of this proprietary
technology to the waste water problems within the oil and gas industry could
create a major new business opportunity for Newpark."

MAT SALES AND MAT RENTALS
- -------------------------
Mat segment revenue totaled $109.5 million for fiscal 2005, generating $11.1
million in operating contribution. This compares to $96.0 million in 2004
revenue, and $4.4 million in segment operating profit. The earnings improvement
reflects, in part, operating cost reductions implemented during the year.

"The mat segment was less directly impacted by the storms than drilling fluids
and E&P waste, and suffered much less physical damage to facilities and
equipment, " Cole explained. "However, we encountered numerous delays in the
start-up of new projects as customers revised their priorities following the
storms, and this held revenue below our expectations in the fourth quarter."

Increased sales of wooden and composite mats accounted for $10.3 million of the
revenue increase. Total site volume for 2005 was 13.5 million square feet at an
average price of $1.08 per square foot, and compares to 15.9 million square feet
in 2004 averaging $1.00 per square foot.

Fourth quarter mat segment revenues totaled $27.2 million, compared to $19.9
million in the 2004 quarter. Mat sales contributed $8.8 million of the total
segment revenue, and $6.2 million of the year-over-year revenue change, on the
strength of increased units sold in both the DuraBase(TM) and Bravo(TM) product
lines. Segment operating contribution improved from $182,000 in the 2004 quarter
to $2.0 million in the recent period, principally from mat sales operations.
Total mat rental installations in the quarter amounted to 3.6 million square
feet, with average pricing at $0.98 per square foot.

Cole commented: "As in the third quarter, fourth quarter operating results were
impaired by the effects of severe tropical weather affecting our Gulf Coast
rental market. We expect earnings from the segment to improve in 2006, led by an
expected 25% increase in mat rental pricing and improved volume as market
conditions return to normal, coupled with completion of our cost reduction
program now fully in place. Finally, we anticipate that 2006 will demonstrate
growth of non-oilfield rentals, principally to the utility industry, which
declined in the second half of last year in the wake of tropical weather in the
Gulf."

            NEWPARK RESOURCES, INC. - 4Q AND FY 2005 EARNINGS RELEASE
                       ISSUED MARCH 6, 2006 - PAGE 3 OF 7
<PAGE>

BALANCE SHEET DATA
- ------------------
Newpark ended the year with $8.0 million in cash and borrowings of $32.7 million
outstanding under its bank credit facility. Working capital increased by $19.0
million during the year, principally due to the need to carry increased levels
of accounts receivable due to the increase in revenue during the period. Cash
used for capital expenditures within the existing operating units totaled $18.3
million for the year, net of $4.7 million of financed additions and $1.5 million
of asset sales. In addition, the Company invested $11.2 million implementing the
new water treatment technology during the period.

INVESTOR CONFERENCE CALL
- ------------------------
Newpark will host a conference call at 10:00 AM EST, Tuesday, March 7. Investors
may access the call by dialing 800-862-9098; the access code is Newpark. The
call will be webcast live and can be accessed from the Investor Relations page
of the Company's web site at "www. newpark.com."

Newpark Resources, Inc. provides integrated fluids management, environmental and
oilfield services to the exploration and production industry.

                      THREE PAGES OF FINANCIAL DATA FOLLOW

For further information contact:
Matthew W. Hardey
Vice President of Finance
Newpark Resources, Inc.
3850 N. Causeway, Suite 1770
Metairie, Louisiana 70002
(504) 838-8222

The foregoing discussion contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. There are risks and
uncertainties that could cause future events and results to differ materially
from those anticipated by management in the forward-looking statements included
in this press release. For further information regarding these and other
factors, risks and uncertainties affecting Newpark, we refer you to the risk
factors set forth in the Prospectus included in Newpark's Registration Statement
on Form S-3 filed on May 8, 2002 (File No. 333-87840), to the section entitled
"Forward Looking Statements" on page 17 of that Prospectus and to our periodic
reports filed with the Securities and Exchange Commission, including our Report
on Form 10-K for the year ended December 31, 2004. In particular, as described
on page 9 of that Prospectus, any material decline in the level of oil and gas
exploration and production activity could result in fewer opportunities being
available for the service industry in general and Newpark in particular, and may
adversely affect the demand for our services. In addition, as described on page
13 of that Prospectus, rescission or relaxation of governmental regulations,
including in the discharge regulations recently implemented, could reduce the
demand for Newpark's services and reduce Newpark's revenues and income. We
strongly urge you to review these filings for a more detailed discussion of
these risks and uncertainties. Newpark's SEC filings can be obtained at no
charge at http://www.sec.gov , as well as through our website
http://www.newpark.com .

            NEWPARK RESOURCES, INC. - 4Q AND FY 2005 EARNINGS RELEASE
                       ISSUED MARCH 6, 2006 - PAGE 4 OF 7
<PAGE>

NEWPARK RESOURCES, INC.
FOURTH QUARTER COMPARISON

(Unaudited)                                     QUARTER ENDED DECEMBER 31,
- ---------------------------------------------   ---------------------------
(In thousands, except per share data)               2005           2004
                                                ------------   ------------
Segment revenues
     Fluids sales and engineering               $    103,668   $     76,895
     E&P waste disposal                               16,439         16,858
     Mat and integrated services                      27,239         19,936
                                                ------------   ------------
         Total Segment Revenues                      147,346        113,689

Segment operating income
     Fluids sales and engineering                     11,578          8,059
     E&P waste disposal                                2,791          2,543
     Mat and integrated services                       1,958            182
                                                ------------   ------------
         Total Segment Operating Income               16,327         10,784

General and administrative expenses                    2,357          2,391
Provision for uncollectible accounts                    (189)           800
Impairment of long-lived assets                            -          3,399
                                                ------------   ------------
Operating income                                      14,159          4,194

Foreign currency exchange (gain) loss                   (178)          (518)
Interest and other (income) expense                       92            (90)
Interest expense                                       3,757          3,912
                                                ------------   ------------
Income before income taxes                            10,488            890
Provision for income taxes                             3,562            139
                                                ------------   ------------
Net income                                             6,926            751
Less:
     Preferred stock dividends                             -            225
                                                ------------   ------------
Net income applicable to common shares          $      6,926   $        526
                                                ============   ============

Weighted average common shares
 outstanding (diluted)                                88,966         84,194
                                                ============   ============
Net income per common share (diluted)           $       0.08   $       0.01
                                                ============   ============

EBITDA
Pretax income                                   $     10,488   $        890
Depreciation and amortization                          6,823          5,461
Interest expense                                       3,757          3,912
Other non-cash charges:
Provision for uncollectible accounts                    (189)           800
Impairment of long-lived assets                            -          3,399
                                                ------------   ------------
     Total                                      $     20,879   $     14,462
                                                ============   ============
% of Revenue                                            14.2%          12.7%

DRILLING FLUIDS DATA
Average rigs - Newpark's domestic market               1,079            929
Average rigs serviced                                    210            175
Rig share                                               19.5%          18.8%
Annualized revenue per rig (000's)              $      1,568   $      1,441

WASTE DATA (in thousands, except
 per barrel amounts)
Gulf Coast E&P waste volume (000's)                      803            872
Gulf Coast average revenue per barrel           $      12.95   $      11.59

Gulf Coast E&P revenue                          $       10.4   $       10.5
NORM                                                     0.9            1.0
Industrial                                               0.7            0.9
                                                ------------   ------------
     Total Gulf Coast market                            12.0           12.4
Non-Gulf Coast markets                                   4.4            4.5
                                                ------------   ------------
     Total revenue                              $       16.4   $       16.9
                                                ============   ============
MAT RENTAL DATA - Gulf Coast (dollars
 in millions, except per square foot
amounts)

Installation                                    $        3.5   $        3.6
Re-rental                                                1.4            2.0
                                                ------------   ------------
Total U.S. oilfield mat rental                  $        4.9   $        5.6
Non-oilfield mat rental                                  0.7            1.7
Integrated services and other                           12.8           10.5
Canadian operations                                      0.4            0.2
Composite mats                                           8.4            1.9
     Total revenue                              $       27.2   $       19.9

Average price per square foot                   $       0.98   $       1.05
Square feet installed (MM)                               3.6            3.4

            NEWPARK RESOURCES, INC. - 4Q AND FY 2005 EARNINGS RELEASE
                       ISSUED MARCH 6, 2006 - PAGE 5 OF 7
<PAGE>

NEWPARK RESOURCES, INC.
FISCAL YEAR COMPARISON

(Unaudited)                                        YEAR ENDED DECEMBER 31,
- ---------------------------------------------   ---------------------------
(In thousands, except per share data)               2005           2004
                                                ------------   ------------
Segment revenues
     Fluids sales and engineering               $    386,228   $    272,937
     E&P waste disposal                               61,285         64,477
     Mat and integrated services                     109,525         96,008
                                                ------------   ------------
         Total Segment Revenues                      557,038        433,422

Segment operating income
     Fluids sales and engineering                     41,427         21,837
     E&P waste disposal                                6,350          8,156
     Mat and integrated services                      11,080          4,414
                                                ------------   ------------
         Total Segment Operating Income               58,857         34,407

General and administrative expenses                    9,537          9,384
Provision for uncollectible accounts                     843            800
Impairment of long-lived assets                            -          3,399
                                                ------------   ------------
Operating income                                      48,477         20,824

Foreign currency exchange (gain) loss                   (521)          (301)
Interest and other (income) expense                     (158)        (1,345)
Interest expense                                      16,155         14,797
                                                ------------   ------------
Income (loss) before income taxes                     33,001          7,673
Provision for income taxes                            10,862          2,717
                                                ------------   ------------
Net income (loss)                                     22,139          4,956
Less:
     Preferred stock dividends and accretion             509            938
                                                ------------   ------------
Net income (loss) applicable to common shares   $     21,630   $      4,018
                                                ============   ============

Weighted average common shares
 outstanding (diluted)                                86,454         83,892
                                                ============   ============

Net income (loss) per common share              $       0.25   $       0.05
                                                ============   ============

EBITDA
Pretax income                                   $     33,001   $      7,673
Depreciation and amortization                         25,798         20,801
Interest expense                                      16,155         14,797
Other non-cash charges:
Provision for uncollectible accounts                     843            800
Impairment of long-lived assets                            -          3,399
                                                ------------   ------------
     Total                                      $     75,797   $     47,470
                                                ============   ============
% of Revenue                                            13.6%          11.0%

DRILLING FLUIDS DATA
Average rigs - Newpark's domestic market               1,029            899
Average rigs serviced                                    204            160
Rig share                                               19.8%          17.8%
Annualized revenue per rig (000's)              $      1,537   $      1,378

WASTE DATA (in thousands, except per
 barrel amounts)
Gulf Coast E&P waste volume (000's)                    3,070          3,226
Gulf Coast average revenue per barrel           $      12.96   $      11.82

Gulf Coast E&P revenue                          $       40.6   $       39.8
NORM                                                     3.5            3.2
Industrial                                               2.9            2.9
                                                ------------   ------------
     Total Gulf Coast market                            47.0           45.9
Non-Gulf Coast markets                                  14.3           18.6
                                                ------------   ------------
     Total revenue                              $       61.3   $       64.5

MAT RENTAL DATA - Gulf Coast (dollars in
 millions, except per square foot
amounts)

Installation                                    $       14.6   $       15.9
Re-rental                                                8.5            6.4
                                                ------------   ------------
Total U.S. oilfield mat rental                  $       23.1   $       22.3
Non-oilfield mat rental                                  4.9            4.7
Integrated services and other                           46.4           44.2
Canadian operations                                      9.9            5.1
Composite mats                                          25.2           19.7
     Total revenue                                     109.5           96.0

Average price per square foot                   $       1.08   $       1.00
Square feet installed (MM)                              13.5           15.9

            NEWPARK RESOURCES, INC. - 4Q AND FY 2005 EARNINGS RELEASE
                       ISSUED MARCH 6, 2006 - PAGE 6 OF 7
<PAGE>

CONSOLIDATED BALANCE SHEETS
(Unaudited)                                     DECEMBER 31,   DECEMBER 31,
(In thousands)                                      2005           2004
                                                ------------   ------------
ASSETS
     Current assets:
     Cash and cash equivalents                  $      7,989   $      7,022
     Trade accounts receivable, less
       allowances                                    139,194        100,587
     Notes and other receivables                      12,623          7,321
     Inventories                                      86,299         84,044
     Deferred tax asset                               16,231         12,501
     Prepaid expenses and other
      current assets                                  13,448         13,275
                                                ------------   ------------
     Total current assets                            275,784        224,750

     Property, plant and equipment, net              239,774        210,514
     Goodwill                                        116,841        117,414
     Deferred tax asset                                    -          4,063
     Other intangible assets, net of
      accumulated amortization                        18,199         15,355
     Other assets                                      7,301         18,018
                                                ------------   ------------
                                                $    657,899   $    590,114
                                                ============   ============
LIABILITIES AND STOCKHOLDERS' EQUITY

     Foreign bank lines of credit               $     10,890   $      8,017
     Current maturities of long-term debt             12,696          5,031
     Accounts payable                                 42,984         38,822
     Accrued liabilities                              44,190         26,875
                                                ------------   ------------
     Total current liabilities                       110,760         78,745

     Long-term debt, less current portion            185,933        186,286
     Deferred tax liability                            8,031              -
     Other noncurrent liabilities                      2,737          2,118

     Preferred Stock                                       -         20,000
     Common Stock                                        884            840
     Paid-in capital                                 428,393        402,248
     Unearned restricted stock compensation             (235)          (472)
     Accumulated other comprehensive income            7,616          8,199
     Retained deficit                                (86,220)      (107,850)
                                                ------------   ------------
     Total stockholders' equity                      350,438        322,965
                                                ------------   ------------
                                                $    657,899   $    590,114
                                                ============   ============
     Ratio of long term debt to
      total capital                                     34.7%          36.6%

                                       ###

            NEWPARK RESOURCES, INC. - 4Q AND FY 2005 EARNINGS RELEASE
                       ISSUED MARCH 6, 2006 - PAGE 7 OF 7
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