EXHIBIT 99.1

PRESS RELEASE

HOUSTON, November 6--Weatherford International, Inc. proposes to make a private
placement of approximately $350 million in senior notes. The net proceeds of the
offering will be used to repay existing indebtedness and for general corporate
purposes. The company anticipates closing the offering later this month.

This news release does not constitute an offer to sell or the solicitation of an
offer to buy securities. The offering is being made only to qualified
institutional buyers and to certain persons in offshore transactions in reliance
on Regulation S. The securities have not been registered under U.S. or state
securities laws, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements.