----

----

**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-Q**

**For      the quarterly period ended June 30, 2007**

**RPC,      INC.**

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

**2801      Buford Highway, Suite 520, Atlanta,      Georgia  30329**

**(404)      321-2140**

**X**

**X**

** X **

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**RPC,      INC.      AND SUBSIDIARIES**

| **Part                I. Financial Information**                        | **Page                No.**                                                                                                                         |
|-------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                    |                                                                                                                                                |   |
| Item                1.                                                  | Financial                Statements (Unaudited)                                                                                                     |   |
|                                                                    | Consolidated                Balance Sheets –As                of June 30, 2007 and December 31, 2006                                          |  3 |
|                                                                    |                                                                                                                                                |   |   |   |
|                                                                    | Consolidated                Statements of Operations –For                the three and six months ended June 30, 2007 and                2006 |  4 |
|                                                                    |                                                                                                                                                |   |   |   |
|                                                                    | Consolidated                Statements of Cash Flows –For                the six months ended June 30, 2007 and                2006           |  5 |
|                                                                    |                                                                                                                                                |   |   |   |
|                                                                    | Notes                to Consolidated Financial                Statements                                                                            | 6–                14 |
|                                                                    |                                                                                                                                                |   |   |   |
| Item                2.                                                  | Management’s                Discussion and Analysis of Financial Condition                and Results of Operations                           | 15                – 26 |
|                                                                    |                                                                                                                                                |   |   |   |
| Item                3.                                                  | Quantitative                and Qualitative Disclosures about Market                Risk                                                            | 26 |
|                                                                    |                                                                                                                                                |   |   |   |
| Item                4.                                                  | Controls                and Procedures                                                                                                              | 27 |
|                                                                    |                                                                                                                                                |   |   |   |
| **Part                II.  Other                Information** |                                                                                                                                                |
|                                                                    |                                                                                                                                                |   |   |   |
| Item                1.                                                  | Legal                Proceedings                                                                                                                    | 28 |
|                                                                    |                                                                                                                                                |   |
|    Item                1A.                               | Risk                Factors                                                                                                                         | 28 |
|                                                                    |                                                                                                                                                |   |
| Item                2.                                                  | Unregistered                Sales of Equity Securities and Use of                Proceeds                                                           | 28 |
|                                                                    |                                                                                                                                                |   |
| Item                3.                                                  | Defaults                upon Senior Securities                                                                                                      | 29 |
|                                                                    |                                                                                                                                                |   |
| Item                4.                                                  | Submission                of Matters to a Vote of Security                Holders                                                                   | 29 |
|                                                                    |                                                                                                                                                |   |
| Item                5.                                                  | Other                Information                                                                                                                    | 29 |
|                                                                    |                                                                                                                                                |   |
| Item                6.                                                  | Exhibits                                                                                                                                            | 30 |
|                                                                    |                                                                                                                                                |   |
| **Signatures**                                                          |                                                                                                                                                | 31 |

**2**

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| **RPC,                  INC. AND                  SUBSIDIARIES**      |
|------------------------------------------------------------------------------------------------|
| PART                  I.  FINANCIAL INFORMATION             |
| ITEM                  1. FINANCIAL                  STATEMENTS        |
|                                                                                           |   |   |   |   |   |   |   |
| CONSOLIDATED                  BALANCE                  SHEETS         |
| AS                  OF JUNE 30, 2007 AND DECEMBER                  31, 2006     |
| (In                  thousands)                                  |
| (Unaudited)                                                      |

|                                                                                                                                       |   | **June                  30,** |        |   | December                  31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|-------------|--------|-------------------------------|--------|
|                                                                                                                                       |   | **2007**                      |        |   | 2006                          |   |
|                                                                                                                                       |   |                          |        |   | (Note                  1)     |   |
| **ASSETS**                                                                                                                                 |   |                          |        |   |                          |   |
|                                                                                                                                       |   |                          |        |   |                          |   |
| Cash                  and cash                  equivalents                                                                                |   | **$**                         | **4,723**   |   |                          | $      | 2,729 |   |
| Accounts                  receivable,                  net                                                                                 |   | ** **                    | **165,092** |   |                          |   | 148,469 |   |
| Inventories                                                                                                                                |   | ** **                    | **25,030**  |   |                          |   | 21,188 |   |
| Deferred                  income                  taxes                                                                                    |   | ** **                    | **4,876**   |   |                          |   | 4,384 |   |
| Income                  taxes                  receivable                                                                                  |   | ** **                    | **7,248**   |   |                          |   | 239 |   |
| Prepaid                  expenses and other current                  assets                                                                |   | ** **                    | **3,888**   |   |                          |   | 5,245 |   |
| Total                  current                  assets                                                                                     |   | ** **                    | **210,857** |   |                          |   | 182,254 |   |
| Property,                  plant and equipment,                  net                                                                       |   | ** **                    | **370,909** |   |                          |   | 262,797 |   |
| Goodwill                                                                                                                                   |   | ** **                    | **24,093**  |   |                          |   | 24,093 |   |
| Other                  assets                                                                                                              |   | ** **                    | **5,854**   |   |                          |   | 5,163 |   |
| **Total                  assets**                                                                                                          |   | **$**                         | **611,713** |   |                          | $      | 474,307 |   |
|                                                                                                                                       |   |                          |        |   |                          |   |   |   |
|                                                                                                                                       |   |                          |        |   |                          |   |   |   |
|                                                                                                                                       |   |                          |        |   |                          |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS'                  EQUITY**                                                                 |   |                          |        |   |                          |   |   |   |
|                                                                                                                                       |   |                          |        |   |                          |   |   |   |
| Accounts                  payable                                                                                                          |   | **$**                         | **57,162**  |   |                          | $      | 50,568 |   |
| Accrued                  payroll and related                  expenses                                                                     |   | ** **                    | **13,147**  |   |                          |   | 13,289 |   |
| Accrued                  insurance                  expenses                                                                               |   | ** **                    | **3,965**   |   |                          |   | 3,327 |   |
| Accrued                  state, local and other                  taxes                                                                     |   | ** **                    | **4,525**   |   |                          |   | 3,314 |   |
| Income                  taxes                  payable                                                                                     |   | ** **                    | **922**     |   |                          |   | - |   |
| Other                  accrued                  expenses                                                                                   |   | ** **                    | **641**     |   |                          |   | 454 |   |
| Total                  current                  liabilities                                                                                |   | ** **                    | **80,362**  |   |                          |   | 70,952 |   |
| Accrued                  insurance                  expenses                                                                               |   | ** **                    | **7,245**   |   |                          |   | 6,892 |   |
| Notes                  payable to                  banks                                                                                   |   | ** **                    | **125,150** |   |                          |   | 35,600 |   |
| Long-term                  pension                  liabilities                                                                            |   | ** **                    | **5,505**   |   |                          |   | 9,185 |   |
| Deferred                  income                  taxes                                                                                    |   | ** **                    | **12,264**  |   |                          |   | 12,073 |   |
| Other                  long-term                  liabilities                                                                              |   | ** **                    | **1,907**   |   |                          |   | 4,318 |   |
| Total                  liabilities                                                                                                         |   | ** **                    | **232,433** |   |                          |   | 139,020 |   |
| Common                  stock                                                                                                              |   | ** **                    | **9,800**   |   |                          |   | 9,721 |   |
| Capital                  in excess of par                  value                                                                           |   | ** **                    | **14,978**  |   |                          |   | 13,595 |   |
| Retained                  earnings                                                                                                         |   | ** **                    | **359,820** |   |                          |   | 317,705 |   |
| Accumulated                  other comprehensive                  loss                                                                     |   | ** **                    | **(5,318**  | **)**  |                          |   | (5,734 | ) |
| Total                  stockholders'                  equity                                                                               |   | ** **                    | **379,280** |   |                          |   | 335,287 |   |
| **Total                  liabilities and                  stockholders' equity**                                                           |   | **$**                         | **611,713** |   |                          | $      | 474,307 |   |
|                                                                                                                                       |   |                          |        |   |                          |   |   |   |
| The                  accompanying notes are an                  integral part of these consolidated financial                  statements. |   |
|                                                                                                                                       |   |                          |        |   |                          |   |   |   |

**3**

----

| **RPC,                    INC. AND                    SUBSIDIARIES**                |
|----------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| CONSOLIDATED  STATEMENTS  OF  OPERATIONS                        |
| FOR                    THE THREE AND SIX MONTHS ENDED                    JUNE 30, 2007 AND 2006         |
| (In                    thousands except per share                    data)          |
| (Unaudited)                                                                                                                      |

|                                                                                                                                             |   | Three                    months ended June                    30, |        |   | Six                    months ended June                    30, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|-------------|--------|-----------------------------------------------------------------|--------|
|                                                                                                                                             |   | **2007**                                                          |        |   | 2006                                                            |   |   | **2007** |   |   | 2006 |   |
|                                                                                                                                             |   |                                                              |        |   | (Note                    1)                                     |   |   |   |   |   | (Note                    1) |   |
|                                                                                                                                             |   |                                                              |        |   |                                                            |   |   |   |   |   |   |   |
| **Revenues**                                                                                                                                     |   | **$**                                                             | **171,031** |   |                                                            | $      | 146,065 |   |   | **$** | **342,076** |   |   | $ | 282,089 |   |
| Cost                    of services rendered and                    goods sold                                                                   |   | ** **                                                        | **88,191**  |   |                                                            |   | 69,695 |   |   | ** ** | **175,712** |   |   |   | 135,446 |   |
| Selling,                    general and                    administrative expenses                                                               |   | ** **                                                        | **27,077**  |   |                                                            |   | 22,392 |   |   | ** ** | **52,902** |   |   |   | 43,475 |   |
| Depreciation                    and                    amortization                                                                              |   | ** **                                                        | **18,695**  |   |                                                            |   | 11,597 |   |   | ** ** | **33,958** |   |   |   | 22,302 |   |
| Gain                    on disposition of assets,                    net                                                                         |   | ** **                                                        | **(1,637**  | **)**  |                                                            |   | (1,969 | ) |   | ** ** | **(3,186** | **)** |   |   | (3,001 | ) |
| Operating                    profit                                                                                                              |   | ** **                                                        | **38,705**  |   |                                                            |   | 44,350 |   |   | ** ** | **82,690** |   |   |   | 83,867 |   |
| Interest                    expense                                                                                                              |   | ** **                                                        | **(368**    | **)**  |                                                            |   | (10 | ) |   | ** ** | **(1,122** | **)** |   |   | (11 | ) |
| Interest                    income                                                                                                               |   | ** **                                                        | **14**      |   |                                                            |   | 104 |   |   | ** ** | **32** |   |   |   | 258 |   |
| Other                    income,                    net                                                                                          |   | ** **                                                        | **527**     |   |                                                            |   | 119 |   |   | ** ** | **1,424** |   |   |   | 380 |   |
| Income                    before income                    taxes                                                                                 |   | ** **                                                        | **38,878**  |   |                                                            |   | 44,563 |   |   | ** ** | **83,024** |   |   |   | 84,494 |   |
| Income                    tax                    provision                                                                                       |   | ** **                                                        | **15,063**  |   |                                                            |   | 16,949 |   |   | ** ** | **31,164** |   |   |   | 31,980 |   |
| **Net                    income**                                                                                                                |   | **$**                                                             | **23,815**  |   |                                                            | $      | 27,614 |   |   | **$** | **51,860** |   |   | $ | 52,514 |   |
|                                                                                                                                             |   |                                                              |        |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                             |   |                                                              |        |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| **Earnings                    per                    share**                                                                                     |   |                                                              |        |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                                                                                            |   | **$**                                                             | **0.25**    |   |                                                            | $      | 0.29 |   |   | **$** | **0.54** |   |   | $ | 0.55 |   |
| Diluted                                                                                                                                          |   | **$**                                                             | **0.24**    |   |                                                            | $      | 0.28 |   |   | **$** | **0.53** |   |   | $ | 0.53 |   |
|                                                                                                                                             |   |                                                              |        |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| **Dividends                    per                    share**                                                                                    |   | **$**                                                             | **0.050**   |   |                                                            | $      | 0.033 |   |   | **$** | **0.100** |   |   | $ | 0.066 |   |
|                                                                                                                                             |   |                                                              |        |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| **Average                    shares                    outstanding**                                                                             |   |                                                              |        |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                                                                                            |   | ** **                                                        | **96,350**  |   |                                                            |   | 95,435 |   |   | ** ** | **96,037** |   |   |   | 95,245 |   |
| Diluted                                                                                                                                          |   | ** **                                                        | **98,448**  |   |                                                            |   | 98,634 |   |   | ** ** | **98,391** |   |   |   | 98,700 |   |
|                                                                                                                                             |   |                                                              |        |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                             |   |                                                              |        |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                             |   |                                                              |        |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| The                    accompanying notes are an                    integral part of these consolidated financial                    statements. |   |                                                              |        |   |                                                            |

**4**

----

| **RPC,                          INC. AND                          SUBSIDIARIES**                  |
|---------------------------------------------------------------------------------------------------|
|                                                                                              |   |   |   |   |   |   |   |   |   |   |
| CONSOLIDATED                          STATEMENTS                          OF CASH FLOWS           |
| FOR                          THE SIX MONTHS ENDED JUNE 30,                          2007 and 2006 |
| (In                          thousands)                                                           |
| (Unaudited)                                                                                       |

|                                                                                                               |   |       | Six                          months ended June                          30,    |         |
|--------------------------------------------------------------------------------------------------------------------|--------|------------|-----------------------------------------------------------------------------------------------|--------------|
|                                                                                                               |   |       | **2007**                                                                                      |         |   | 2006 |   |
|                                                                                                               |   |       |                                                                                          |         |   | (Note                          1) |   |
| **OPERATING                          ACTIVITIES**                                                                  |   |       |                                                                                          |         |   |   |   |
| **Net                          income**                                                                            |   |       | **$**                                                                                         | **51,860**   |   |   | $ | 52,514 |   |
|    Noncash                          charges                          (credits) to earnings:         |   |       |                                                                                          |         |   |   |   |   |
|       Depreciation,                          amortization and other non-cash charges |   | ** ** | **33,969**                                                                                    |         |   |   | 22,302 |   |
|       Stock-based                          compensation expense                      |   | ** ** | **1,572**                                                                                     |         |   |   | 1,474 |   |
|       Gain                          on disposition of assets, net                    |   |       | ** **                                                                                    | **(3,186**   | **)** |   |   | (3,001 | ) |
|       Deferred                          income tax (benefit) provision               |   | ** ** | **(516**                                                                                      | **)**        |   |   | 251 |   |
|       Excess                          tax benefits for share-based payments          |   | ** ** | **(1,121**                                                                                    | **)**        |   |   | (1,287 | ) |
|    Changes                          in                          current assets and liabilities:     |   |       |                                                                                          |         |   |   |   |   |
|       Accounts                          receivable                                   |   |       | ** **                                                                                    | **(16,535**  | **)** |   |   | (24,697 | ) |
|       Income                          taxes receivable                               |   |       | ** **                                                                                    | **(7,009**   | **)** |   |   | - |   |
|       Inventories                                                                    |   |       | ** **                                                                                    | **(3,793**   | **)** |   |   | (3,222 | ) |
|       Prepaid                          expenses and other current assets             |   | ** ** | **2,065**                                                                                     |         |   |   | 965 |   |
|       Accounts                          payable                                      |   |       | ** **                                                                                    | **(2,399**   | **)** |   |   | 235 |   |
|       Income                          taxes payable                                  |   |       | ** **                                                                                    | **2,043**    |   |   |   | 1,219 |   |
|       Accrued                          payroll and related expenses                  |   | ** ** | **(142**                                                                                      | **)**        |   |   | 441 |   |
|       Accrued                          insurance expenses                            |   |       | ** **                                                                                    | **638**      |   |   |   | (12 | ) |
|       Accrued                          state, local and other taxes                  |   | ** ** | **1,211**                                                                                     |         |   |   | (255 | ) |
|       Other                          accrued expenses                                |   |       | ** **                                                                                    | **155**      |   |   |   | 212 |   |
| Changes                          in working                          capital                                       |   |       | ** **                                                                                    | **(23,766**  | **)** |   |   | (25,114 | ) |
|    Changes                          in other                          assets and liabilities:       |   |       |                                                                                          |         |   |   |   |   |
|       Long-term                          pension liabilities                         |   |       | ** **                                                                                    | **(3,680**   | **)** |   |   | (1,568 | ) |
|       Long-term                          accrued insurance expenses                  |   | ** ** | **353**                                                                                       |         |   |   | 112 |   |
|       Other                          non-current assets                              |   |       | ** **                                                                                    | **(691**     | **)** |   |   | (750 | ) |
|       Other                          non-current liabilities                         |   |       | ** **                                                                                    | **(2,411**   | **)** |   |   | (946 | ) |
| Net                          cash provided by operating                          activities                        |   | ** ** | **52,383**                                                                                    |         |   |   | 43,987 |   |
|                                                                                                               |   |       |                                                                                          |         |   |   |   |   |   |
| **INVESTING                          ACTIVITIES**                                                                  |   |       |                                                                                          |         |   |   |   |   |   |
| Capital                          expenditures                                                                      |   |       | ** **                                                                                    | **(134,047** | **)** |   |   | (53,751 | ) |
| Proceeds                          from sale of                          assets                                     |   |       | ** **                                                                                    | **3,962**    |   |   |   | 3,951 |   |
| Net                          cash used for investing                          activities                           |   |       | ** **                                                                                    | **(130,085** | **)** |   |   | (49,800 | ) |
|                                                                                                               |   |       |                                                                                          |         |   |   |   |   |   |
| **FINANCING                          ACTIVITIES**                                                                  |   |       |                                                                                          |         |   |   |   |   |   |
| Payment                          of                          dividends                                             |   |       | ** **                                                                                    | **(9,745**   | **)** |   |   | (6,414 | ) |
| Borrowings                          from notes payable to                          banks                           |   | ** ** | **291,750**                                                                                   |         |   |   | 7,046 |   |
| Repayments                          of notes payable to                          banks                             |   |       | ** **                                                                                    | **(202,200** | **)** |   |   | (5,010 | ) |
| Excess                          tax benefits for                          share-based payments                     |   | ** ** | **1,121**                                                                                     |         |   |   | 1,287 |   |
| Cash                          paid for common stock                          purchased and retired                 |   | ** ** | **(1,730**                                                                                    | **)**        |   |   | (1,944 | ) |
| Proceeds                          received upon exercise of                          stock options                 |   | ** ** | **500**                                                                                       |         |   |   | 975 |   |
| Net                          cash provided by (used for)                          financing activities             |   | ** ** | **79,696**                                                                                    |         |   |   | (4,060 | ) |
|                                                                                                               |   |       |                                                                                          |         |   |   |   |   |   |
| Net                          increase (decrease) in cash                          and cash equivalents             |   | ** ** | **1,994**                                                                                     |         |   |   | (9,873 | ) |
| Cash                          and cash equivalents at                          beginning of period                 |   | ** ** | **2,729**                                                                                     |         |   |   | 12,809 |   |
| Cash                          and cash equivalents at end                          of period                       |   | **$**      | **4,723**                                                                                     |         |   | $ | 2,936 |   |

| The                          accompanying notes are an                          integral part of these consolidated financial                          statements. |   |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|

**5**

----

**RPC,          INC. AND SUBSIDIARIES**

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

| ·   | Interest                    income and interest expense have been reported gross rather than                    net on                    the consolidated statements of                    operations. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A                    portion of accrued bonuses have been reclassified on the consolidated                    balance sheets from accrued payroll to other long-term liabilities                    due to                    a change in the plan affecting the timing of                    payments. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Excess                    tax benefits for share-based payments have been reclassified                    in the                    consolidated statements of cash flows from incomes taxes receivable                    and                    reflected as a separate component of net cash provided by operating                    activities. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Accrued                    purchases of property, plant and equipment have been reflected                    as a                    non-cash item and therefore excluded from the consolidated statements                    of                    cash flows. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | REVENUE                    RECOGNITION |
|----------------|----------------------------------------|

**6**

----

**RPC,        INC.        AND SUBSIDIARIES**

| 3.   | EARNINGS                PER SHARE |
|----------------|-----------------------------------|

|                                                                                                                                 |                                                                                                         | **Three                months ended****June                30** | **Six                months ended****June                30** |
|--------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|---------------------------------------------------------------|
| *(In                thousands except per share data amounts)*                                                                        |                                                                                                         | **2007**                                                        | **2006**                                                      | **2007** | **2006** |
| Net                income available for stockholders (numerator for basic and                diluted  earnings per share): |                                                                                                         | $                                                               | 23,815                                                        | $ | 27,614 | $ | 51,860 | $ | 52,514 |
| Shares                (denominator):                                                                                                 |                                                                                                         |                                                            |                                                          |   |   |   |   |   |   |
|                                                                                                                                 | Weighted-average                shares outstanding (denominator for basic earnings per                share) |                                                            |                                                          | 96,350 |   | 95,435 |   | 96,037 |   | 95,245 |
| Effect                of dilutive securities:                                                                                        |                                                                                                         |                                                            |                                                          |   |   |   |   |   |   |
|                                                                                                                                 | Employee                stock options and restricted stock                                                   |                                                            |                                                          | 2,098 |   | 3,199 |   | 2,354 |   | 3,455 |
| Adjusted                weighted average shares (denominator for diluted earnings per                share)                          |                                                                                                         |                                                            | 98,448                                                        |   | 98,634 |   | 98,391 |   | 98,700 |
| Earnings                per share:                                                                                                   |                                                                                                         |                                                            |                                                          |   |   |   |   |   |   |
|                                                                                                                                 | Basic                                                                                                        |                                                            | $                                                             | 0.25 | $ | 0.29 | $ | 0.54 | $ | 0.55 |
|                                                                                                                                 | Diluted                                                                                                      |                                                            | $                                                             | 0.24 | $ | 0.28 | $ | 0.53 | $ | 0.53 |

| 4.   | RECENT                ACCOUNTING PRONOUNCEMENTS |
|----------------|-------------------------------------------------|

* *

**7**

----

**RPC,        INC.        AND SUBSIDIARIES**

| 5.   | COMPREHENSIVE                INCOME |
|----------------|-------------------------------------|

|                                                                                            | **Three                months ended****June                30,** | **Six                months ended****June                30,** |
|-------------------------------------------------------------------------------------------------|------------------------------------------------------------------|----------------------------------------------------------------|
| *(In                thousands)*                                                                 |                                                             |                                                           | **2007** |   | 2006 |   | **2007** |   | 2006 |
| Net                income as reported                                                           |                                                             | **$**                                                          | **23,815** | **$** | 27,614 | **$** | **51,860** | **$** | 52,514 |
| Change                in unrealized gain (loss) on securities, net                of taxes |                                                             |                                                           | **172** |   | (51) |   | **388** |   | (159) |
| Change                in foreign currency translation,net                of taxes               |                                                             |                                                           | **21** |   | - |   | **28** |   | - |
| Comprehensive                income                                                             |                                                             | **$**                                                          | **24,008** | **$** | 27,563 | **$** | **52,276** | **$** | 52,355 |

|   | 6.  STOCK-BASED                COMPENSATION |
|--------|-------------------------------------------------------|

**8**

----

**RPC,          INC.          AND SUBSIDIARIES**

*Stock      Options*

*      *

|                                          |   | **Shares** | **Weighted                Average Exercise Price** | **Weighted                Average Remaining Contractual Life** | **AggregateIntrinsic                Value** |
|-----------------------------------------------|--------|------------|----------------------------------------------------|----------------------------------------------------------------|---------------------------------------------|
| Outstanding                at January 1, 2007 |   | 2,471,846  | $                                                  | 3.10                                                           | 4.4                years                    |   |
| Granted                                       |   | **-**      |                                               |       -                          | N/A                                         |   |
| Exercised                                     |   | (513,205)  |                                               | 3.20                                                           | N/A                                         |   |
| Forfeited                                     |   | (11,810)   |                                               | 2.81                                                           | N/A                                         |   |
| Expired                                       |   | -          |                                               | -                                                              | N/A                                         |   |   |
| Outstanding                at June 30, 2007   |   | 1,946,831  | $                                                  | 3.10                                                           | 3.8                years                    | $ | 27,139,000 |
| Exercisable                at June 30, 2007   |   | 1,671,093  | $                                                  | 3.15                                                           | 3.5                years                    | $ | 23,211,000 |
|                                          |   |       |                                               |                                                           |                                        |   |   |

*Restricted      Stock*

|                                                |   |   | **Shares** | **Weighted                AverageGrant-Date FairValue** |
|-----------------------------------------------------|--------|--------|------------|---------------------------------------------------------|
| Non-vested                shares at January 1, 2007 |   |   | 1,437,859  | $                                                       | 7.70 |
| Granted                                             |   |   | 463,750    |                                                    | 17.61 |
| Vested                                              |   |   | (284,780)  |                                                    | 4.67 |
| Forfeited                                           |   |   | (30,998)   |                                                    | 12.96 |
| Non-vested                shares at June 30, 2007   |   |   | 1,585,831  | $                                                       | 11.04 |

**9**

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**RPC,            INC.            AND SUBSIDIARIES**

*Other      Information*

**10**

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**RPC,        INC.        AND SUBSIDIARIES**

|                                                           |                                                                 |                                                                                     | Three                  months ended June                  30, |                                                                                 |    | Six                  months ended June                  30, |
|----------------------------------------------------------------|----------------------------------------------------------------------|------------------------------------------------------------------------------------------|---------------------------------------------------------------|--------------------------------------------------------------------------------------|---------|-------------------------------------------------------------|
|                                                           |                                                                 |                                                                                     | **2007**                                                      |                                                                                 | 2006    |                                                        |   | **2007** |   | 2006 |
| *(in                  thousands)*                              |                                                                 |                                                                                     |                                                          |                                                                                 |    |                                                        |   |   |   |
|                                                           |                                                                 |                                                                                     |                                                          |                                                                                 |    |                                                        |   |   |   |   |
| **Revenues:**                                                  |                                                                 |                                                                                     |                                                          |                                                                                 |    |                                                        |   |   |   |
|                                                           | Technical                  Services                                  | **$**                                                                                    | **140,198**                                                   | $                                                                                    | 119,572 |                                                        | **$** | **282,505** | **$** | 234,333 |
|                                                           | Support                  Services                                    |                                                                                     | **30,833**                                                    |                                                                                 | 26,493  |                                                        |   | **59,571** |   | 47,756 |
| Total                  revenues                                | **$**                                                                | **           171,031**            | $                                                             |            146,065            |    | **$**                                                       | **           342,076** | **$** |      282,089 |
| **Operating                  profit                  (loss):** |                                                                 |                                                                                     |                                                          |                                                                                 |    |                                                        |   |   |   |
|                                                           | Technical                  Services                                  | **$**                                                                                    | **31,427**                                                    | $                                                                                    | 37,044  |                                                        | **$** | **66,713** | **$** | 73,283 |
|                                                           | Support                  Services                                    |                                                                                     | **8,496**                                                     |                                                                                 | 8,361   |                                                        |   | **18,037** |   | 13,552 |
|                                                           | Corporate                                                            |                                                                                     | **(2,855)**                                                   |                                                                                 | (3,024) |                                                        |   | **(5,246)** |   | (5,969) |
|                                                           | Gain                  on disposition of assets,                  net | **1,637**                                                                                |                                                          | 1,969                                                                                |    |                                                        | **3,186** |   | 3,001 |
| Total                  operating                  profit       | **$**                                                                | **38,705**                                                                               | $                                                             | 44,350                                                                               |    | **$**                                                       | **82,690** | **$** | 83,867 |
| Interest                  expense                              |                                                                 | **(368)**                                                                                |                                                          | (10)                                                                                 |    |                                                        | **(1,122)** |   | (11) |
| Interest                  income                               |                                                                 | **14**                                                                                   |                                                          | 104                                                                                  |    |                                                        | **32** |   | 258 |
| Other                  income,                  net            |                                                                 | **527**                                                                                  |                                                          | 119                                                                                  |    |                                                        | **1,424** |   | 380 |
| Income                  before income                  taxes   | **$**                                                                | **             38,878** | $                                                             |              44,563 |    | **$**                                                       | **             83,024** | **$** |         84,494 |
|                                                           |                                                                 |                                                                                     |                                                          |                                                                                 |    |                                                        |   |   |   |   |

| **Six                months ended June 30, 2007** | **Technical                Services**        | **Support                Services** | **Corporate** | **Total** |
|---------------------------------------------------|----------------------------------------------|-------------------------------------|---------------|-----------|
| *(in                thousands)*                   |                                         |                                |          |      |
|                                              | Indentifiable                assets          | $                                   | 427,936       | $         | 144,943 | $ | 38,834 | $ | 611,713 |
|                                              | Capital                expenditures          | 108,249                             | 25,123        | 675       | 134,047 |
|                                              | Depreciation                and amortization | 24,988                              | 8,486         | 484       | 33,958 |

**11**

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**RPC,        INC.        AND SUBSIDIARIES**

|                                                   | **Three                months ended****June                30,** |      | **Six                months ended****June                30,** |
|--------------------------------------------------------|------------------------------------------------------------------|-----------|----------------------------------------------------------------|
| *(in                thousands*)                        | **2007**                                                         |      | 2006                                                           |   | **2007** |   | 2006 |
|                                                   |                                                             |      |                                                           |   |   |   |   |   |   |   |   |
| Service                cost                            | **$**                                                            | **-**     |                                                           | $ | **-** |   | **$** | **-** |   | $ | **-** |
| Interest                cost                           |                                                             | **449**   |                                                           |   | 426 |   |   | **879** |   |   | 852 |
| Expected                return on plan assets          |                                                             | **(652)** |                                                           |   |    (472) |   |   | **(1,160)** |   |   | (944) |
| Amortization                of unrecognized net losses |                                                             | **236**   |                                                           |   | 250 |   |   | **430** |   |   | 500 |
| Net                periodic benefit cost               | **$**                                                            | **33**    |                                                           | $ | 204 |   | **$** | **149** |   | $ | 408 |

**12**

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**RPC,        INC.        AND SUBSIDIARIES**

| ·   | the                Base Rate, which is the greater of SunTrust Bank's "prime rate" for                the                day of the borrowing and a fluctuating rate per annum equal to the                Federal                Funds Rate plus .50%; or |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | with                respect to any Eurodollar borrowings, Adjusted LIBOR (which equals                LIBOR                as increased to account for the maximum reserve percentages established                by                the U.S. Federal Reserve) plus a margin ranging from .40% to .80%,                based                upon RPC's then-current consolidated debt-to-EBITDA ratio.  In                addition, RPC will pay an annual fee ranging from .10% to .20% of                the                total credit facility based upon RPC's then-current consolidated                debt-to-EBITDA ratio. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

  Interest      expense incurred on      the line of credit was $1,532,000 during the three months ended June 30, 2007      and $2,286,000 during the six months ended June 30, 2007. The weighted average      interest rate was 6.2% for the three months and 6.3% for six months ended June      30, 2007.  As of June 30, 2007, the Company capitalized interest of      $1,169,000 related to facilities and equipment under      construction.  Additionally there were letters of credit relating to      self-insurance programs and contract bids outstanding for $17.3      million.

**13**

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**RPC,        INC.        AND SUBSIDIARIES**

**14**

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**RPC,        INC.        AND SUBSIDIARIES**

**ITEM      2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF      FINANCIAL CONDITION AND RESULTS OF      OPERATIONS**

**Overview**

**15**

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**RPC,        INC.        AND SUBSIDIARIES**

**Outlook**

**16**

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**RPC,        INC.        AND SUBSIDIARIES**

|   |                                                     |                                                   |   |
|--------|----------------------------------------------------------|--------------------------------------------------------|--------|
|   | Three                months endedJune                30, | Six                months endedJune                30, |   |

|   | **2007** | 2006 | **2007** | 2006 |   |
|--------|----------|------|----------|------|--------|
|   |   |   |   |   |   |   |   |   |   |
|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Consolidated                revenues [in thousands]                                                        | **$**  | **171,031** | $      | 146,065 | **$**  | **342,076** | $      | 282,089 |   |
|------------------------------------------------------------------------------------------------------------|--------|-------------|--------|---------|--------|-------------|--------|---------|--------|
| Revenues                by business segment [in thousands]:                                                |   |        |   |    |   |        |   |    |   |
| Technical                                                                                                  | **$**  | **140,198** | $      | 119,572 | **$**  | **282,506** | $      | 234,333 |   |
| Support                                                                                                    |   | **30,833**  |   | 26,493  |   | **59,571**  |   | 47,756  |   |
|                                                                                                       |   |        |   |    |   |        |   |    |   |
| Consolidated                operating profit [in thousands]                                                | **$**  | **38,705**  | $      | 44,350  | **$**  | **82,690**  | $      | 83,867  |   |
| Operating                profit (loss) by business segment [in thousands]:                                 |   |        |   |    |   |        |   |    |   |
| Technical                                                                                                  | **$**  | **31,427**  | $      | 37,044  | **$**  | **66,713**  | $      | 73,283  |   |
| Support                                                                                                    |   | **8,496**   |   | 8,361   |   | **18,037**  |   | 13,552  |   |
| Corporate                                                                                                  | **$**  | **(2,855)** | $      | (3,024) | **$**  | **(5,246)** | $      | (5,969) |   |
| Gain                on disposition of assets, net                                                          | **$**  | **1,637**   | $      | 1,969   | **$**  | **3,186**   | $      | 3,001   |   |
|                                                                                                       |   |        |   |    |   |        |   |    |   |
| Percentage                cost of services rendered  & goods sold to                revenues |   | **51.6%**   |   | 47.7%   |   | **51.4%**   |   | 48.0%   |   |
| Percentage                selling, general & administrative expenses to revenues                       |   | **15.8%**   |   | 15.3%   |   | **15.5%**   |   | 15.4%   |   |
| Percentage                depreciation and amortization expense to revenues                                |   | **10.9%**   |   | 7.9%    |   | **9.9%**    |   | 7.9%    |   |
| Average                U.S. domestic rig count                                                             |   | **1,757**   |   | 1,635   |   | **1,746**   |   | 1,578   |   |
| Average                natural gas price (per thousand cubic feet (mcf))                                   | **$**  | **7.44**    | $      | 6.45    | **$**  | **7.31**    | $      | 7.05    |   |
| Average                oil price (per barrel)                                                              | **$**  | **65.33**   | $      | 71.00   | **$**  | **61.96**   | $      | 67.46   |   |
|                                                                                                       |   |        |   |    |   |        |   |    |   |

*Revenues.  *

**17**

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**RPC,        INC.        AND SUBSIDIARIES**

*Cost      of services rendered and goods sold.*

*Selling,      general and administrative expenses.  *

**18**

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**RPC,          INC.          AND SUBSIDIARIES**

*Depreciation      and amortization.  *

*Gain      on disposition of assets, net*

*Other      income, net. *

*Interest      expense and interest income.  *
* *

*Income      tax provision. *

*Revenues.  *

**19**

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**RPC,        INC.        AND SUBSIDIARIES**

*Cost      of services rendered and goods sold.*

*Selling,      general and administrative expenses.  *

*Depreciation      and amortization.  *

*Gain      on disposition of assets, net*

**20**

----

* *

**RPC,        INC.        AND SUBSIDIARIES**

*Other      income, net. *

*Interest      expense and interest income.  *
* *

*Income      tax provision. *

**21**

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**RPC,        INC.        AND SUBSIDIARIES**

*Cash      Flows*

| ***(In                thousands)***                                 | **Six                months ended****June                30,** |
|---------------------------------------------------------------------|----------------------------------------------------------------|
| **    2007**                                    | 2006                                                           |
|                                                                |                                                           |   |   |   |
| Net                cash provided by operating activities            | **$**                                                          | **52,383** | $ | 43,987 |
| Net                cash used for investing activities               |                                                           | **130,085** |   | 49,800 |
| Net                cash provided by (used for) financing activities |                                                           | **79,696** |   | (4,060) |

*Financial      Condition and Liquidity*

**22**

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**RPC,        INC.        AND SUBSIDIARIES**

*Cash      Requirements*

**23**

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**RPC,        INC.        AND SUBSIDIARIES**

*Marine      Products Corporation*

*Other*

**24**

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**RPC,        INC.        AND SUBSIDIARIES**

**25**

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**RPC,        INC.        AND SUBSIDIARIES**

ITEM      3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT      MARKET RISK

**26**

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**RPC,        INC.        AND SUBSIDIARIES**

ITEM      4.  CONTROLS AND PROCEDURES

*Evaluation      of disclosure controls and procedures -*

*Changes      in internal control over financial reporting –*

**27**

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**RPC,        INC.        AND SUBSIDIARIES**

PART      II.  OTHER INFORMATION

ITEM      1.  LEGAL PROCEEDINGS

ITEM      1A.  RISK FACTORS

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

*Purchases      of Equity Securities by the Issuer and Affiliated Purchasers*

|  Period                                               |   | Total                  Number of Shares                  (or Units) Purchased  |   |   |   |   | Average                  Price PaidPer                  Share (or                  Unit) |   |   | Total                  Number of Shares                  (or Units) Purchased                  as Part of                  Publicly Announced                  Plans or                  Programs (3) |   |   | Maximum                  Number (or Approximate Dollar Value)of                  Shares (or Units)                  thatMay                  Yet Be Purchased Under the Plans                  orPrograms |   |
|------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|--------|--------|--------|--------|-----------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Month                  #1                                  |   |                                                                                |   |   |   |   |                                                                                          |   |   |                                                                                                                                                                                                            |   |   |                                                                                                                                                                                                           |   |
| April 1,                  2007 to April 30, 2007 |   | 43,345                                                                              |   | (1)    |   | $      | 17.62                                                                                         |   |   | -                                                                                                                                                                                                               |   |   | 4,066,965                                                                                                                                                                                                      |   |
|                                                       |   |                                                                                |   |   |   |   |                                                                                          |   |   |                                                                                                                                                                                                            |   |   |                                                                                                                                                                                                           |   |
| Month                  #2                                  |   |                                                                                |   |   |   |   |                                                                                          |   |   |                                                                                                                                                                                                            |   |   |                                                                                                                                                                                                           |   |
| May 1,                  2007 to May 31, 2007     |   | 28,144                                                                              |   | (2)    |   | $      | 17.12                                                                                         |   |   | -                                                                                                                                                                                                               |   |   | 4,066,965                                                                                                                                                                                                      |   |
|                                                       |   |                                                                                |   |   |   |   |                                                                                          |   |   |                                                                                                                                                                                                            |   |   |                                                                                                                                                                                                           |   |
| Month                  #3                                  |   |                                                                                |   |   |   |   |                                                                                          |   |   |                                                                                                                                                                                                            |   |   |                                                                                                                                                                                                           |   |
| June                  1, 2007 to June 30, 2007        |   |                    1,408                                                       |   | (2)    |   | $      | 16.31                                                                                         |   |   | -                                                                                                                                                                                                               |   |   | 4,066,965                                                                                                                                                                                                      |   |
|                                                       |   |                                                                                |   |   |   |   |                                                                                          |   |   |                                                                                                                                                                                                            |   |   |                                                                                                                                                                                                           |   |
| Totals                                                     |   |  72,897                                                                        |   |   |   | $      | 17.40                                                                                         |   |   | -                                                                                                                                                                                                               |   |   | 4,066,965                                                                                                                                                                                                      |   |

|   | (1) | Consists                  of shares tendered to the Company in connection with option exercises                  and                  shares repurchased for taxes related to the release of restricted                  shares.                                                                                                                                                                                                    |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (2) | Consists                  of shares tendered to the Company in connection with option                  exercises.                                                                                                                                                                                                                                                                                                                   |
|   | (3) | 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.                  During the second quarter of 2007, there were no purchases of shares                  on the open market. Currently the program does not have a predetermined                  expiration date. |

**28**

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**RPC,        INC.        AND SUBSIDIARIES**

ITEM      3.  DEFAULTS UPON SENIOR      SECURITIES

ITEM      4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY      HOLDERS

| ***Proposal***                                   | ***For***  | ***Withheld*** |
|--------------------------------------------------|------------|----------------|
| Re-election                of Wilton Looney      | 92,813,856 | 1,029,770      |
| Re-election                of Gary W. Rollins    | 89,986,914 | 3,856,712      |
| Re-election                of James A. Lane, Jr. | 90,055,403 | 3,788,223      |

ITEM      5.  OTHER INFORMATION

**29**

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**RPC,        INC.        AND SUBSIDIARIES**

ITEM      6.  Exhibits

| **Exhibit****Number** |   | **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                   |   | Bylaws                of RPC, Inc. (incorporated herein by reference to Exhibit 3.2 to                the                Registrant’s Quarterly Report on Form 10-Q filed on May 5,                2004).                                 |
|                  |   |                                                                                                                                                                                                                                            |
| 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.                                                                                                                          |

**30**

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**RPC,        INC.        AND SUBSIDIARIES**

**SIGNATURES**

|                                             | **RPC, INC.**                                                                                                                                                                                                                                                                                                                                                                                      |
|--------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                             |                                                                                                                                                                                                                                                                                                                                                                                               |
|                                             |                                                                                                                                                                                                                                                                                                                                                                                               |
| Date:  August                  3, 2007 | /s/                  Richard A.                  Hubbell                                                                       |
|                                             | Richard                  A. Hubbell                                                                                                                                                                                                                                                                                                                                                                |
|                                             | President                  and Chief Executive Officer(Principal                    Executive Officer)                                                                                                                                                                                                                                                                                             |

| Date:  August                    3, 2007 | /s/                    Ben M.                    Palmer                                                                                  |
|----------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                               | Ben                    M. Palmer                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                               | Vice                      President and Chief Financial Officer(Principal                      Financial and Accounting Officer)                                                                                                                                                                                                                                                                                                                     |