----

----

| Delaware                                                             | 58-1550825                                    |
|----------------------------------------------------------------------|-----------------------------------------------|
| (State or other jurisdiction of incorporation or organization)  | (I.R.S. Employer Identification Number)  |

| Large accelerated filer o                                                                          | Accelerated filer x         |
|---------------------------------------------------------------------------------------------------------|----------------------------------|
| Non-accelerated filer   o  (Do not check if a smaller reporting company)  | Smaller reporting company o |

----

| Part I. Financial Information         | Page No.                                                                                               |
|---------------------------------------|--------------------------------------------------------------------------------------------------------|
| Item 1.                               | Financial Statements (Unaudited)                                                                       |   |
|                                  | Consolidated Balance Sheets – As of March 31, 2010 and December 31, 2009                         | 3 |
|                                  |                                                                                                   |   |
|                                  | Consolidated Statements of Operations – For the three months ended March 31, 2010 and 2009       | 4 |
|                                  |                                                                                                   |   |
|                                  | Consolidated Statement of Stockholders’ Equity – For the three months ended March 31, 2010 | 5 |
|                                  |                                                                                                   |   |
|                                  | Consolidated Statements of Cash Flows – For the three months ended March 31, 2010 and 2009       | 6 |
|                                  |                                                                                                   |   |
|                                  | Notes to Consolidated Financial Statements                                                             | 7 – 18 |
|                                  |                                                                                                   |   |
| Item 2.                               | Management’s Discussion and Analysis of Financial Condition and Results of Operations            | 19 – 28 |
|                                  |                                                                                                   |   |
| Item 3.                               | Quantitative and Qualitative Disclosures about Market Risk                                             | 28 |
|                                  |                                                                                                   |   |
| Item 4.                               | Controls and Procedures                                                                                | 29 |
|                                  |                                                                                                   |   |
| Part II.  Other Information |                                                                                                   |
| Item 1.                               | Legal Proceedings                                                                                      | 30 |
|                                  |                                                                                                   |   |
|    Item 1A.            | Risk Factors                                                                                           | 30 |
|                                  |                                                                                                   |   |
| Item 2.                               | Unregistered Sales of Equity Securities and Use of Proceeds                                            | 30 |
|                                  |                                                                                                   |   |
| Item 3.                               | Defaults upon Senior Securities                                                                        | 31 |
|                                  |                                                                                                   |   |
| Item 4.                               | (Removed and Reserved)                                                                                 | 31 |
|                                  |                                                                                                   |   |
| Item 5.                               | Other Information                                                                                      | 31 |
|                                  |                                                                                                   |   |
| Item 6.                               | Exhibits                                                                                               | 32 |
|                                  |                                                                                                   |   |
| Signatures                            |                                                                                                   | 33 |

----

| RPC, INC. AND SUBSIDIARIES                 |
|--------------------------------------------|
| PART I.  FINANCIAL INFORMATION   |
| ITEM 1. FINANCIAL STATEMENTS               |
|                                       |
| CONSOLIDATED BALANCE SHEETS                |
| AS OF MARCH 31, 2010 AND DECEMBER 31, 2009 |
| (In thousands)                             |
| (Unaudited)                                |

|                                             |   | March 31, |    |   | December 31, |   |
|--------------------------------------------------|--------|-----------|---------|--------|--------------|--------|
|                                             |   | 2010      |    |   | 2009         |   |
| ASSETS                                           |   |      |    |   | (Note 1)     |   |
|                                             |   |      |    |   |         |   |
| Cash and cash equivalents                        |   | $         | 3,821   |   |         | $      | 4,489 |   |
| Accounts receivable, net                         |   |      | 199,604 |   |         |   | 130,619 |   |
| Inventories                                      |   |      | 58,146  |   |         |   | 55,783 |   |
| Deferred income taxes                            |   |      | 5,221   |   |         |   | 4,894 |   |
| Income taxes receivable                          |   |      | 7,556   |   |         |   | 18,184 |   |
| Prepaid expenses and other current assets        |   |      | 4,644   |   |         |   | 5,485 |   |
| Total current assets                             |   |      | 278,992 |   |         |   | 219,454 |   |
| Property, plant and equipment, net               |   |      | 373,163 |   |         |   | 396,222 |   |
| Goodwill                                         |   |      | 24,093  |   |         |   | 24,093 |   |
| Other assets                                     |   |      | 9,613   |   |         |   | 9,274 |   |
| Total assets                                     |   | $         | 685,861 |   |         | $      | 649,043 |   |
|                                             |   |      |    |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY       |   |      |    |   |         |   |   |   |
|                                             |   |      |    |   |         |   |   |   |
| Accounts payable                                 |   | $         | 50,353  |   |         | $      | 49,882 |   |
| Accrued payroll and related expenses             |   |      | 14,254  |   |         |   | 10,708 |   |
| Accrued insurance expenses                       |   |      | 4,686   |   |         |   | 4,315 |   |
| Accrued state, local and other taxes             |   |      | 2,922   |   |         |   | 2,001 |   |
| Income taxes payable                             |   |      | 1,564   |   |         |   | 647 |   |
| Other accrued expenses                           |   |      | 367     |   |         |   | 220 |   |
| Total current liabilities                        |   |      | 74,146  |   |         |   | 67,773 |   |
| Long-term accrued insurance expenses             |   |      | 8,249   |   |         |   | 8,597 |   |
| Notes payable to banks                           |   |      | 114,300 |   |         |   | 90,300 |   |
| Long-term pension liabilities                    |   |      | 15,468  |   |         |   | 14,647 |   |
| Other long-term liabilities                      |   |      | 1,287   |   |         |   | 1,838 |   |
| Deferred income taxes                            |   |      | 53,245  |   |         |   | 56,165 |   |
| Total liabilities                                |   |      | 266,695 |   |         |   | 239,320 |   |
| Common stock                                     |   |      | 9,883   |   |         |   | 9,836 |   |
| Capital in excess of par value                   |   |      | 7,479   |   |         |   | 7,638 |   |
| Retained earnings                                |   |      | 410,519 |   |         |   | 401,055 |   |
| Accumulated other comprehensive loss             |   |      | (8,715  | )      |         |   | (8,806 | ) |
| Total stockholders’ equity                 |   |      | 419,166 |   |         |   | 409,723 |   |
| Total liabilities and stockholders’ equity |   | $         | 685,861 |   |         | $      | 649,043 |   |

----

| RPC, INC. AND SUBSIDIARIES                                             |
|------------------------------------------------------------------------|
|                                                                   |
| CONSOLIDATED  STATEMENTS  OF  OPERATIONS |
| FOR THE THREE MONTHS ENDED MARCH 31, 2010 AND 2009                     |
| (In thousands except per share data)                                   |
| (Unaudited)                                                            |

|                                         |   | Three months ended March 31, |    |
|----------------------------------------------|--------|------------------------------|---------|
|                                         |   | 2010                         |    |   | 2009 |   |
|                                         |   |                         |    |   |   |   |
| Revenues                                     |   | $                            | 213,144 |   |   | $ | 176,271 |   |
| Cost of revenues                             |   |                         | 129,614 |   |   |   | 109,970 |   |
| Selling, general and administrative expenses |   |                         | 27,837  |   |   |   | 27,606 |   |
| Depreciation and amortization                |   |                         | 32,261  |   |   |   | 32,020 |   |
| Loss (gain) on disposition of assets, net    |   |                         | 864     |   |   |   | (1,722 | ) |
| Operating profit                             |   |                         | 22,568  |   |   |   | 8,397 |   |
| Interest expense                             |   |                         | (541    | ) |   |   | (594 | ) |
| Interest income                              |   |                         | 23      |   |   |   | 33 |   |
| Other income, net                            |   |                         | 403     |   |   |   | 143 |   |
| Income before income taxes                   |   |                         | 22,453  |   |   |   | 7,979 |   |
| Income tax provision                         |   |                         | 9,053   |   |   |   | 3,513 |   |
| Net income                                   |   | $                            | 13,400  |   |   | $ | 4,466 |   |
|                                         |   |                         |    |   |   |   |   |   |
| Earnings per share                           |   |                         |    |   |   |   |   |   |
| Basic                                        |   | $                            | 0.14    |   |   | $ | 0.05 |   |
| Diluted                                      |   | $                            | 0.14    |   |   | $ | 0.05 |   |
|                                         |   |                         |    |   |   |   |   |   |
| Dividends per share                          |   | $                            | 0.04    |   |   | $ | 0.07 |   |
|                                         |   |                         |    |   |   |   |   |   |
| Average shares outstanding                   |   |                         |    |   |   |   |   |   |
| Basic                                        |   |                         | 96,531  |   |   |   | 96,178 |   |
| Diluted                                      |   |                         | 97,449  |   |   |   | 96,729 |   |
|                                         |   |                         |    |   |   |   |   |   |

----

| RPC, INC. AND SUBSIDIARIES                                      |
|-----------------------------------------------------------------|
|                                                            |
| CONSOLIDATED  STATEMENT OF STOCKHOLDERS’ EQUITY |
| FOR THE THREE MONTHS ENDED MARCH 31, 2010                       |
| (In thousands)                                                  |
| (Unaudited)                                                     |

|                                             |   |          |   |   |               |   |    |      |   |   |            |   |       |          |    |   |   |    |    |   | Accumulated |    |    |   |   |    |
|--------------------------------------------------|--------|---------------|--------|--------|--------------------|--------|---------|-----------|--------|--------|-----------------|--------|------------|---------------|---------|--------|--------|---------|---------|--------|-------------|---------|---------|--------|--------|---------|
|                                             |   |          |   |   |               |   |    |      |   |   |            |   | Capital in |          |    |   |   |    |    | Other  |        |    |    |   |   |
|                                             |   | Comprehensive |   |   |  Common Stock |   |    | Excess of |   |   | Retained        |   |       | Comprehensive |    |   |   |    |    |
|                                             |   | Income (Loss) |   |   |  Shares       |   |    | Amount    |   |   |  Par Value |   |       | Earnings      |    |   | Loss   |    |    |   | Total       |    |
| Balance, December 31, 2009                       |   |          |   |   |               | 98,364 |    |      | $      | 9,836  |            |   | $          | 7,638         |    |   | $      | 401,055 |    |   | $           | (8,806  | )       |   | $      | 409,723 |   |
| Stock issued for stock incentive plans, net |   |          |   |   |               | 572    |    |      |   | 57     |            |   |       | 864           |    |   |   | — |    |   |        | — |    |   |   | 921     |   |
| Stock purchased and retired                      |   |          |   |   |               | (107   | )       |      |   | (10    | )               |   |       | (1,259        | )       |   |   | — |    |   |        | — |    |   |   | (1,269  | ) |
| Net income                                       |   | $             | 13,400 |   |               |   | — |      |   |   | —         |   |       |          | — |   |   |    | 13,400  |   |        |    | — |   |   |    | 13,400 |   |
| Change in cash flow hedge,net of taxes           |   |          | (93    | )      |               |   | — |      |   |   | —         |   |       |          | — |   |   |    | — |   |        |    | (93     | )      |   |    | (93 | ) |
| Foreign currency translation,net of taxes        |   |          | 102    |   |               |   | — |      |   |   | —         |   |       |          | — |   |   |    | — |   |        |    | 102     |   |   |    | 102 |   |
| Unrealized gain on securities,net of taxes       |   |          | 82     |   |               |   | — |      |   |   | —         |   |       |          | — |   |   |    | — |   |        |    | 82      |   |   |    | 82 |   |
| Comprehensive income                             |   | $             | 13,491 |   |               |   |    |      |   |   |            |   |       |          |    |   |   |    |    |   |        |    |    |   |   |    |   |   |
| Dividends declared                               |   |          |   |   |               |   | — |      |   |   | —         |   |       |          | — |   |   |    | (3,936  | )      |        |    | — |   |   |    | (3,936 | ) |
| Excess tax benefits for share-based payments     |   |          |   |   |               |   | — |      |   |   | —         |   |       |          | 236     |   |   |    | — |   |        |    | — |   |   |    | 236 |   |
| Balance, March 31, 2010                          |   |          |   |   |               |   | 98,829  |      |   | $      | 9,883           |   |       | $             | 7,479   |   |   | $       | 410,519 |   |        | $       | (8,715  | )      |   | $       | 419,166 |   |

----

| RPC, INC. AND SUBSIDIARIES                         |
|----------------------------------------------------|
|                                               |
| CONSOLIDATED STATEMENTS OF CASH FLOWS              |
| FOR THE THREE MONTHS ENDED MARCH 31, 2010 AND 2009 |
| (In thousands)                                     |
| (Unaudited)                                        |

|                                                                                         |   | Three months ended March 31, |    |
|----------------------------------------------------------------------------------------------|--------|------------------------------|---------|
|                                                                                         |   | 2010                         |    |   | 2009 |   |
| OPERATING ACTIVITIES                                                                         |   |                         |    |   |   |   |
| Net income                                                                                   |   | $                            | 13,400  |   |   | $ | 4,466 |   |
| Adjustments to reconcile net income to net cash (used for) provided by operating activities: |   |                         |    |   |   |
|       Depreciation, amortization and other non-cash charges    |   |                         | 32,252  |   |   |   | 31,999 |   |
|       Stock-based compensation expense                         |   |                         | 1,241   |   |   |   | 1,015 |   |
|       Loss (gain) on disposition of assets, net                     |   |                         | 864     |   |   |   | (1,722 | ) |
|       Deferred income tax provision                            |   |                         | (3,646  | ) |   |   | (1,173 | ) |
|       Excess tax benefits for share-based payments             |   |                         | (236    | ) |   |   | (187 | ) |
|    Changes in current assets and liabilities:                                 |   |                         |    |   |   |   |   |   |
|       Accounts receivable                                      |   |                         | (68,891 | ) |   |   | 57,029 |   |
|       Income taxes receivable                                  |   |                         | 10,864  |   |   |   | 3,512 |   |
|       Inventories                                              |   |                         | (2,281  | ) |   |   | (6,871 | ) |
|       Prepaid expenses and other current assets                |   |                         | 996     |   |   |   | 3,431 |   |
|       Accounts payable                                         |   |                         | (1,345  | ) |   |   | (15,334 | ) |
|       Income taxes payable                                     |   |                         | 917     |   |   |   | (2,352 | ) |
|       Accrued payroll and related expenses                     |   |                         | 3,546   |   |   |   | (7,510 | ) |
|       Accrued insurance expenses                               |   |                         | 371     |   |   |   | 124 |   |
|       Accrued state, local and other taxes                     |   |                         | 921     |   |   |   | 801 |   |
|       Other accrued expenses                                   |   |                         | 136     |   |   |   | (3 | ) |
| Changes in working capital                                                                   |   |                         | (54,766 | ) |   |   | 32,827 |   |
|    Changes in other assets and liabilities:                                   |   |                         |    |   |   |   |   |   |
|       Accrued pension                                          |   |                         | 821     |   |   |   | 1,344 |   |
|       Accrued insurance expenses                               |   |                         | (348    | ) |   |   | (21 | ) |
|       Other non-current assets                                 |   |                         | (339    | ) |   |   | (784 | ) |
|       Other non-current liabilities                            |   |                         | (697    | ) |   |   | (1,743 | ) |
| Net cash (used for) provided by operating activities                                         |   |                         | (11,454 | ) |   |   | 66,021 |   |
|                                                                                         |   |                         |    |   |   |   |   |   |
| INVESTING ACTIVITIES                                                                         |   |                         |    |   |   |   |   |   |
| Capital expenditures                                                                         |   |                         | (10,368 | ) |   |   | (19,475 | ) |
| Proceeds from sale of assets                                                                 |   |                         | 2,097   |   |   |   | 2,571 |   |
| Net cash used for investing activities                                                       |   |                         | (8,271  | ) |   |   | (16,904 | ) |
|                                                                                         |   |                         |    |   |   |   |   |   |
| FINANCING ACTIVITIES                                                                         |   |                         |    |   |   |   |   |   |
| Payment of dividends                                                                         |   |                         | (3,936  | ) |   |   | (6,804 | ) |
| Borrowings from notes payable to banks                                                       |   |                         | 86,650  |   |   |   | 68,300 |   |
| Repayments of notes payable to banks                                                         |   |                         | (62,650 | ) |   |   | (110,250 | ) |
| Excess tax benefits for share-based payments                                                 |   |                         | 236     |   |   |   | 187 |   |
| Cash paid for common stock purchased and retired                                             |   |                         | (1,269  | ) |   |   | (1,349 | ) |
| Proceeds received upon exercise of stock options                                             |   |                         | 26      |   |   |   | 74 |   |
| Net cash provided by (used for) financing activities                                         |   |                         | 19,057  |   |   |   | (49,842 | ) |
|                                                                                         |   |                         |    |   |   |   |   |   |
| Net decrease in cash and cash equivalents                                                    |   |                         | (668    | ) |   |   | (725 | ) |
| Cash and cash equivalents at beginning of period                                             |   |                         | 4,489   |   |   |   | 3,037 |   |
| Cash and cash equivalents at end of period                                                   |   | $                            | 3,821   |   |   | $ | 2,312 |   |

----

| 1.   | GENERAL |
|----------------|---------|

| 2.   | REVENUES |
|----------------|----------|

----

| 3.   | RECENT ACCOUNTING PRONOUNCEMENTS |
|----------------|----------------------------------|

| 4.   | EARNINGS PER SHARE |
|----------------|--------------------|

----

|   |   |                                                        |   | Three months ended March 31, |   |
|--------|--------|-------------------------------------------------------------|--------|------------------------------|--------|
|   |   | (In thousands except per share data )                       |   | 2010                         |   |   | 2009 |   |
|   |   | Net income available for stockholders:                      |   | $                            | 13,400 |   |   | $ | 4,466 |   |
|   |   | Less:  Dividends paid                             |   |                         |   |   |   |   |   |   |
|   |   |    Common stock                              |   |                         | (3,865 | ) |   |   | (6,653 | ) |
|   |   |    Restricted shares of common stock         |   |                         | (71    | ) |   |   | (151 | ) |
|   |   | Undistributed earnings (loss)                               |   | $                            | 9,464  |   |   | $ | (2,338 | ) |
|   |   |                                                        |   |                         |   |   |   |   |   |   |
|   |   | Allocation of undistributed earnings (loss):                |   |                         |   |   |   |   |   |   |
|   |   |    Common stock                              |   | $                            | 9,250  |   |   | $ | (2,287 | ) |
|   |   |    Restricted shares of common stock         |   |                         | 214    |   |   |   | (51 | ) |
|   |   |                                                        |   |                         |   |   |   |   |   |   |
|   |   | Basic shares outstanding:                                   |   |                         |   |   |   |   |   |   |
|   |   |    Common stock                              |   |                         | 94,377 |   |   |   | 94,145 |   |
|   |   |    Restricted shares of common stock         |   |                         | 2,154  |   |   |   | 2,033 |   |
|   |   |                                                        |   |                         | 96,531 |   |   |   | 96,178 |   |
|   |   | Diluted shares outstanding:                                 |   |                         |   |   |   |   |   |   |
|   |   |    Common stock                              |   |                         | 94,377 |   |   |   | 94,145 |   |
|   |   |    Dilutive effect of options                |   |                         | 918    |   |   |   | 551 |   |
|   |   |                                                        |   |                         | 95,295 |   |   |   | 94,696 |   |
|   |   |    Restricted shares of common stock         |   |                         | 2,154  |   |   |   | 2,033 |   |
|   |   |                                                        |   |                         | 97,449 |   |   |   | 96,729 |   |
|   |   | Basic earnings per share:                                   |   |                         |   |   |   |   |   |   |
|   |   |   Common stock:                                   |   |                         |   |   |   |   |   |   |
|   |   |      Distributed earnings          |   | $                            | 0.04   |   |   | $ | 0.07 |   |
|   |   |      Undistributed earnings (loss) |   |                         | 0.10   |   |   |   | (0.02 | ) |
|   |   |                                                        |   | $                            | 0.14   |   |   | $ | 0.05 |   |
|   |   |   Restricted shares of common stock:              |   |                         |   |   |   |   |   |   |
|   |   |      Distributed earnings          |   | $                            | 0.03   |   |   | $ | 0.07 |   |
|   |   |      Undistributed earnings (loss) |   |                         | 0.10   |   |   |   | (0.03 | ) |
|   |   |                                                        |   | $                            | 0.13   |   |   | $ | 0.04 |   |
|   |   | Diluted earnings per share:                                 |   |                         |   |   |   |   |   |   |
|   |   |   Common Stock:                                   |   |                         |   |   |   |   |   |   |
|   |   |      Distributed earnings          |   | $                            | 0.04   |   |   | $ | 0.07 |   |
|   |   |      Undistributed earnings (loss) |   |                         | 0.10   |   |   |   | (0.02 | ) |
|   |   |                                                        |   | $                            | 0.14   |   |   | $ | 0.05 |   |
|   |   |                                                        |   |                         |   |   |   |   |   |   |

----

|                                              |   | Three months endedMarch 31, |   |
|---------------------------------------------------|--------|-----------------------------|--------|
| (In thousands)                                    |   | 2010                        |   |   | 2009 |   |
| Net income as reported                            |   | $                           | 13,400 |   |   | $ | 4,466 |   |
| Pension adjustment, net of taxes                  |   |                        | -      |   |   |   | 309 |   |
| Change in cash flow hedge, net of taxes           |   |                        | (93    | ) |   |   | (114 | ) |
| Foreign currency translation, net of taxes        |   |                        | 102    |   |   |   | (164 | ) |
| Unrealized gain (loss) on securities,net of taxes |   |                        | 82     |   |   |   | (70 | ) |
| Comprehensive income                              |   | $                           | 13,491 |   |   | $ | 4,427 |   |

----

|                  |   | Three months ended |   |
|-----------------------|--------|--------------------|--------|
|                  |   | March 31,          |   |
|   (in thousands) |   |   2010        |   |   |   2009 |   |
|                  |   |               |   |   |   |   |   |   |
| Pre-tax expense       |   | $                  | 1,241  |   |   | $ | 1,015 |   |
|                  |   |               |   |   |   |   |   |   |
| After tax expense     |   |               | 788    |   |   |   | 645 |   |
|                  |   |               |   |   |   |   |   |   |
| Stock Options         |   |               |   |   |   |   |   |   |

|   |                                          |   |          |    |   |                            |   |   |                                        |   |       |                      |   |    |                              |
|--------|-----------------------------------------------|--------|---------------|---------|--------|---------------------------------|--------|--------|---------------------------------------------|--------|------------|---------------------------|--------|---------|-----------------------------------|
|   |                                          |   |   Shares |    |   | Weighted Average Exercise Price |   |   | Weighted Average Remaining Contractual Life |   |       | Aggregate Intrinsic Value |
|   | Outstanding at January 1, 2010                |   |          | 860,728 |   |                            | $      | 3.39   |                                        |   | 2.25 years |                      |   |    |                              |
|   | Granted                                       |   |          | -       |   |                            |   | -      |                                        |   |  N/A  |                      |   |    |                              |
|   | Exercised                                     |   |          | (6,750  | )      |                            |   | 3.88   |                                        |   |  N/A  |                      |   |    |                              |
|   | Forfeited                                     |   |          | -       |   |                            |   | -      |                                        |   |  N/A  |                      |   |    |                              |
|   | Expired                                       |   |          | -       |   |                            |   | -      |                                        |   |  N/A  |                      |   |    |                              |
|   | Outstanding and exercisable at March 31, 2010 |   |          | 853,978 |   |                            | $      | 3.38   |                                        |   | 2.00 years |                      |   | $  |     6,618,000 |

----

|   |                                 |   | Shares |      |   | Weighted Average Grant-Date Fair Value |   |
|--------|--------------------------------------|--------|--------|-----------|--------|----------------------------------------|--------|
|   | Non-vested shares at January 1, 2010 |   |   | 1,982,116 |   |                                   | $      | 10.88 |   |
|   | Granted                              |   |   | 566,000   |   |                                   |   | 12.31 |   |
|   | Vested                               |   |   | (316,312  | )      |                                   |   | 13.07 |   |
|   | Forfeited                            |   |   | (1,000    | )      |                                   |   | 9.81 |   |
|   | Non-vested shares at March 31, 2010  |   |   | 2,230,804 |   |                                   | $      | 10.92 |   |

----

|   |                                      |   |                         |    |   |   |   |
|--------|-------------------------------------------|--------|------------------------------|---------|--------|--------|--------|
|   |                                      |   | Three months ended March 31, |    |
|   |                                      |   | 2010                         |    |   | 2009   |   |
|   | (in thousands)                            |   |                         |    |   |   |   |
|   |                                      |   |                         |    |   |   |   |
|   | Revenues:                                 |   |                         |    |   |   |   |
|   | Technical Services                        |   | $                            | 191,403 |   |   | $      | 151,079 |   |
|   | Support Services                          |   |                         | 21,741  |   |   |   | 25,192 |   |
|   | Total revenues                            |   | $                            | 213,144 |   |   | $      | 176,271 |   |
|   | Operating (loss) profit:                  |   |                         |    |   |   |   |   |   |
|   | Technical Services                        |   | $                            | 24,958  |   |   | $      | 6,149 |   |
|   | Support Services                          |   |                         | 1,910   |   |   |   | 3,706 |   |
|   | Corporate                                 |   |                         | (3,436  | )      |   |   | (3,180 | ) |
|   | (Loss) gain on disposition of assets, net |   |                         | (864    | )      |   |   | 1,722 |   |
|   | Total operating profit                    |   | $                            | 22,568  |   |   | $      | 8,397 |   |
|   | Interest expense                          |   |                         | (541    | )      |   |   | (594 | ) |
|   | Interest income                           |   |                         | 23      |   |   |   | 33 |   |
|   | Other income, net                         |   |                         | 403     |   |   |   | 143 |   |
|   | Income before income taxes                |   | $                            | 22,453  |   |   | $      | 7,979 |   |

----

|   | Three months ended March 31, 2010     |   | Technical Services |    |   | Support Services |   |    | Corporate |   |   | Total  |   |
|--------|---------------------------------------|--------|--------------------|---------|--------|------------------|--------|---------|-----------|--------|--------|--------|--------|
|   | (in thousands)                        |   |               |    |   |             |   |    |      |   |   |   |   |
|   |                                  |   |               |    |   |             |   |    |      |   |   |   |   |   |   |   |   |
|   | Identifiable assets at March 31, 2010 |   | $                  | 501,861 |   |             | $      | 143,632 |      |   | $      | 40,368 |   |   | $ | 685,861 |   |
|   |                                  |   |               |    |   |             |   |    |      |   |   |   |   |   |   |   |   |
|   | Capital expenditures                  |   |               | 8,307   |   |             |   | 1,511   |      |   |   | 550    |   |   |   | 10,368 |   |
|   |                                  |   |               |    |   |             |   |    |      |   |   |   |   |   |   |   |   |
|   | Depreciation and amortization         |   |               | 25,438  |   |             |   | 6,758   |      |   |   | 65     |   |   |   | 32,261 |   |
|   |                                  |   |               |    |   |             |   |    |      |   |   |   |   |   |   |   |   |

|   |                           |   | Three months endedMarch 31, |   |
|--------|--------------------------------|--------|-----------------------------|--------|
|   | (in thousands)                 |   | 2010                        |   |   | 2009 |   |
|   |                           |   |                        |   |   |   |   |
|   | Service cost                   |   | $                           | -      |   |   | $ | - |   |
|   | Interest cost                  |   |                        | 473    |   |   |   | 485 |   |
|   | Expected return on plan assets |   |                        | (422   | ) |   |   | (380 | ) |
|   | Amortization of net losses     |   |                        | 102    |   |   |   | 384 |   |
|   | Net periodic benefit cost      |   | $                           | 153    |   |   | $ | 489 |   |

----

----

|   | 1.             | Level 1 – Quoted market prices in active markets for identical assets or liabilities.                                                                                                                                                                                                                                                                                        |
|--------|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |  2.  | Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. |
|   |  3.       | Level 3 – Unobservable inputs developed using the Company’s estimates and assumptions, which reflect those that market participants would use.                                                                                                                                                                                                                         |

----

|   |                                        |   | Fair value measurements at March 31, 2010 with:      |   |
|--------|---------------------------------------------|--------|------------------------------------------------------|--------|
|   | (in thousands)                              |   | Quoted prices in active markets for identical assets |   |   | Significant other observable inputs |   |   | Significant unobservable inputs |   |
|   |                                        |   | (Level 1)                                            |   |   | (Level 2) |   |   | (Level 3) |   |
|   | Assets:                                     |   |                                                 |   |   |   |   |   |   |   |
|   | Trading securities                          |   | $                                                    | -      |   |   | $ | 7,564 |   |   | $ | - |   |
|   | Available for sale securities               |   |                                                 | 783    |   |   |   | - |   |   |   | - |   |
|   | Liabilities:                                |   |                                                 |   |   |   |   |   |   |   |   |   |   |
|   |      Interest rate swap |   | $                                                    | -      |   |   | $ | 966 |   |   | $ | - |   |

|   |                                              |   | Fair value measurements at December 31, 2009 with:   |   |
|--------|---------------------------------------------------|--------|------------------------------------------------------|--------|
|   | (in thousands)                                    |   | Quoted prices in active markets for identical assets |   |   | Significant other observable inputs |   |   | Significant unobservable inputs |   |
|   |                                              |   | (Level 1)                                            |   |   | (Level 2) |   |   | (Level 3) |   |
|   | Assets:                                           |   |                                                 |   |   |   |   |   |   |   |
|   | Trading securities                                |   | $                                                    | -      |   |   | $ | 6,905 |   |   | $ | - |   |
|   | Available for sale securities                     |   |                                                 | 653    |   |   |   | - |   |   |   | - |   |
|   | Liabilities:                                      |   |                                                 |   |   |   |   |   |   |   |   |   |   |
|   |       Interest rate swap |   | $                                                    | -      |   |   | $ | 820 |   |   | $ | - |   |

----

----

| ITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|----------------------------------------------------------------------------------------------------------------|

----

----

|                                                                         |   | Three months ended March 31, |    |   |
|------------------------------------------------------------------------------|--------|-----------------------------------|---------|--------|
|                                                                         |   | 2010                              |    |   | 2009 |   |   |
|                                                                         |   |                              |    |   |   |   |   |
|   Consolidated revenues [in thousands]                                  |   | $                                 | 213,144 |   |   | $ | 176,271 |   |   |
|   Revenues by business segment [in thousands]:                          |   |                              |    |   |   |   |   |   |   |
|   Technical                                                             |   | $                                 | 191,403 |   |   | $ | 151,079 |   |   |
|   Support                                                               |   |                              | 21,741  |   |   |   | 25,192 |   |   |
|                                                                         |   |                              |    |   |   |   |   |   |   |
|   Consolidated operating profit [in thousands]                          |   | $                                 | 22,568  |   |   | $ | 8,397 |   |   |
|   Operating profit by business segment [in thousands]:                  |   |                              |    |   |   |   |   |   |   |
| Technical                                                                    |   | $                                 | 24,958  |   |   | $ | 6,149 |   |   |
| Support                                                                      |   |                              | 1,910   |   |   |   | 3,706 |   |   |
| Corporate                                                                    |   |                              | (3,436  | )      |   |   | (3,180 | ) |   |
| (Loss) gain on disposition of assets, net                                    |   |                              | (864    | )      |   |   | 1,722 |   |   |
|                                                                         |   |                              |    |   |   |   |   |   |   |
|   Percentage cost of revenues to revenues                               |   |                              | 61      | %      |   |   | 62 | % |   |
|   Percentage selling, general & administrative expenses to revenues |   |                              | 13      | %      |   |   | 16 | % |   |
|   Percentage depreciation and amortization expense to revenues          |   |                              | 15      | %      |   |   | 18 | % |   |
|   Average U.S. domestic rig count                                       |   |                              | 1,333   |   |   |   | 1,344 |   |   |
|   Average natural gas price (per thousand cubic feet (mcf))             |   | $                                 | 5.15    |   |   | $ | 4.52 |   |   |
|   Average oil price (per barrel)                                        |   | $                                 | 78.13   |   |   | $ | 43.65 |   |   |

----

----

----

|                                                        |   | Three months ended March 31, |    |
|-------------------------------------------------------------|--------|------------------------------|---------|
|   (In thousands)                                       |   | 2010                         |    |   | 2009 |   |
|                                                        |   |                         |    |   |   |   |
|   Net cash (used for) provided by operating activities |   | $                            | (11,454 | ) |   | $ | 66,021 |   |
|   Net cash used for investing activities               |   |                         | (8,271  | ) |   |   | (16,904 | ) |
|   Net cash provided by (used for) financing activities |   |                         | 19,057  |   |   |   | (49,842 | ) |

----

----

----

----

----

----

| ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |
|--------------------------------------------------------------------------------|

|   |                                  |   |                                      |    |       |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |
|--------|---------------------------------------|--------|-------------------------------------------|---------|------------|---------------------------------------|--------|--------|-----------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------------------------------------------------------|--------|--------|
|   | Period                                |   | Total Number ofShares (or Units)Purchased |    |       | Average Price PaidPer Share (or Unit) |   |   | Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs |   |   | Maximum Number (orApproximate Dollar Value) ofShares (or Units) that May YetBe Purchased Under the Plansor Programs (1) |   |   |
|   |                                  |   |                                      |    |       |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |
|   | Month #1                              |   |                                      |    |       |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |
|   | January 1, 2010 to January 31, 2010   |   |                                      | 103,095 |   (2) |                                  | $      | 11.84  |                                                                                    |   |   | -                                                                                                                       |   |   |   | 2,807,265 |   |   |
|   |                                  |   |                                      |    |       |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |   |   |   |   |
|   | Month #2                              |   |                                      |    |       |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |   |   |   |   |
|   | February 1, 2010 to February 28, 2010 |   |                                      | 4,298   |   (2) |                                  |   | 11.31  |                                                                                    |   |   | -                                                                                                                       |   |   |   | 2,807,265 |   |   |
|   |                                  |   |                                      |    |       |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |   |   |   |   |
|   | Month #3                              |   |                                      |    |       |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |   |   |   |   |
|   | March 1, 2010 to March 31, 2010       |   |                                      | -       |       |                                  |   | -      |                                                                                    |   |   | -                                                                                                                       |   |   |   | 2,807,265 |   |   |
|   |                                  |   |                                      |    |       |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |   |   |   |   |
|   | Totals                                |   |                                      | 107,393 |       |                                  | $      | 11.82  |                                                                                    |   |   | -                                                                                                                       |   |   |   | 2,807,265 |   |   |

|   |   |                                                                                                                                                                                                                            |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (1)    | The Company’s Board of Directors announced a stock buyback program in March 1998 authorizing the repurchase of 11,812,500 shares in the open market. Currently the program does not have a predetermined expiration date. |
|   |   |                                                                                                                                                                                                                            |
|   | (2)    | Consists of shares repurchased by the Company in connection with option exercises and taxes related to vesting of restricted shares.                                                                                            |
|   |   |                                                                                                                                                                                                                            |

----

----

| ExhibitNumber |   | Description                                                                                                                                                                                       |
|---------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1(a)        |   | Restated certificate of incorporation of RPC, Inc. (incorporated herein by reference to Exhibit 3.1 to the Annual Report on Form 10-K for the fiscal year ended December 31, 1999).               |
|          |   |                                                                                                                                                                                              |
| 3.1(b)        |   | Certificate of amendment of the certificate of incorporation of RPC, Inc. (incorporated by reference to Exhibit 3.1(b) to Registrant’s Quarterly Report on Form 10-Q filed on May 8, 2006). |
|          |   |                                                                                                                                                                                              |
| 3.2           |   | Amended and Restated Bylaws of RPC, Inc. (incorporated herein by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on October 25, 2007).                        |
|          |   |                                                                                                                                                                                              |
| 4             |   | Form of Stock Certificate (incorporated herein by reference to Exhibit 4 to the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 1998).                       |
|          |   |                                                                                                                                                                                              |
| 31.1          |   | Section 302 certification for Chief Executive Officer.                                                                                                                                            |
|          |   |                                                                                                                                                                                              |
| 31.2          |   | Section 302 certification for Chief Financial Officer.                                                                                                                                            |
|          |   |                                                                                                                                                                                              |
| 32.1          |   | Section 906 certifications for Chief Executive Officer and Chief Financial Officer.                                                                                                               |
|          |   |                                                                                                                                                                                              |

----

|                               | RPC, INC.                                    |   |
|------------------------------------|----------------------------------------------|--------|
|                               |                                         |   |
|                               | /s/ Richard A. Hubbell                       |   |
| Date:  May 7, 2010  | Richard A. Hubbell                           |   |
|                               | President and Chief Executive Officer        |
|                               | (Principal Executive Officer)                |   |
|                               |                                         |   |
|                               | /s/ Ben M. Palmer                            |   |
| Date:  May 7, 2010       | Ben M. Palmer                                |   |
|                               | Vice President and Chief Financial Officer   |
|                               | (Principal Financial and Accounting Officer) |