OLG Offshore Logistic

Grey Wolf, Inc. Announces the Resignation of William E. Chiles HOUSTON, June 21 /PRNewswire-FirstCall/ -- Grey Wolf, Inc. (AMEX:GW) ("Grey Wolf" or the "Company"), announced today that William E. Chiles has resigned as Executive Vice President and Chief Operating Officer of the Company to accept the position of President and Chief Executive Officer of Offshore Logistics Inc. (NYSE:OLG). Mr. Chiles' responsibilities will be re- assumed by Thomas P. Richards, the Company's Chairman, President and Chief Executive Officer. Tom Richards commented, "We appreciate Bill's efforts and contribution during his tenure at Grey Wolf. All of us at Grey Wolf wish him the very best in his new endeavor." Grey Wolf, Inc., headquartered in Houston, Texas, is a leading provider of contract oil and gas land drilling services in the Ark-La-Tex, Gulf Coast, Mississippi/Alabama, South Texas, West Texas and Rocky Mountain regions with a total drilling rig fleet of 127. DATASOURCE: Grey Wolf, Inc. CONTACT: David W. Wehlmann, Executive Vice President & Chief Financial Officer of Grey Wolf, Inc., +1-713-435-6100, or fax, +1-713-435-6170 Web site: http://www.gwdrilling.com/

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