Item 7.01 Regulation FD Disclosure.

On May 9, 2008, Dril-Quip, Inc. ("Dril-Quip") reported first quarter 2008 earnings and announced that its board of directors has authorized a share repurchase program under which Dril-Quip can repurchase up to $100 million of its common stock. For additional information regarding Dril-Quip's first quarter 2008 earnings and the share repurchase program, please refer to Dril-Quip's press release attached to this report as Exhibit 99.1 (the "Press Release"), which is incorporated by reference herein.

The information in the Press Release is being furnished, not filed, pursuant to Item 2.02 and 7.01. Accordingly, the information in the Press Release will not be incorporated by reference into any registration statement filed by Dril-Quip under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is being furnished pursuant to Item 2.02 and 7.01:

Exhibit No. Description
99.1 Press Release issued May 9, 2008.

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