Oil States International, Inc. (NYSE:OIS) will look for acquisitions. Cynthia Taylor, President and CEO, during the Fourth Quarter 2022 Earnings Conference said "We feel like that's factored in our CapEx program. Lloyd told you, we're estimating an increase from $20 million to $25 million in 2023.

We could flex that if the opportunities present themselves. And again, that will always be first and should be. Tuck-in acquisitions, we're just not seeing a whole lot right now.

But just like we did the small [indiscernible] acquisition in second -- first or second quarter last year, that is performing very well compared to the acquisition economics. And if we have those opportunities, they too would be evaluated against share repurchases".