----

----

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

----

|   Part I. Financial Information |  Page No.                                                                                               |
|-------------------------------------------|--------------------------------------------------------------------------------------------------------------|
| Item 1.                                   | Financial Statements (Unaudited)                                                                             |   |
|                                      | Consolidated Balance Sheets –As of September 30, 2009 and December 31, 2008                            |  3 |
|                                      |                                                                                                         |   |   |   |
|                                      | Consolidated Statements of Operations –For the three and nine months ended September 30, 2009 and 2008 |  4 |
|                                      |                                                                                                         |   |   |   |
|                                      | Consolidated Statement of Stockholders’ Equity –For the nine months ended September 30, 2009     |  5 |
|                                      |                                                                                                         |   |
|                                      | Consolidated Statements of Cash Flows –For the nine months ended September 30, 2009 and 2008           |  6 |
|                                      |                                                                                                         |   |   |   |
|                                      | Notes to Consolidated Financial Statements                                                                   | 7 – 20 |
|                                      |                                                                                                         |   |   |   |
| Item 2.                                   | Management’s Discussion and Analysis of Financial Condition and Results of Operations                  | 21 – 33 |
|                                      |                                                                                                         |   |   |   |
| Item 3.                                   | Quantitative and Qualitative Disclosures about Market Risk                                                   | 33 |
|                                      |                                                                                                         |   |   |   |
| Item 4.                                   | Controls and Procedures                                                                                      | 34 |
|                                      |                                                                                                         |   |   |   |
| Part II.  Other Information     |                                                                                                         |
| Item 1.                                   | Legal Proceedings                                                                                            | 35 |
|                                      |                                                                                                         |   |
|    Item 1A.                | Risk Factors                                                                                                 | 35 |
|                                      |                                                                                                         |   |
| Item 2.                                   | Unregistered Sales of Equity Securities and Use of Proceeds                                                  | 35 |
|                                      |                                                                                                         |   |
| Item 3.                                   | Defaults upon Senior Securities                                                                              | 36 |
|                                      |                                                                                                         |   |
| Item 4.                                   | Submission of Matters to a Vote of Security Holders                                                          | 36 |
|                                      |                                                                                                         |   |
| Item 5.                                   | Other Information                                                                                            | 36 |
|                                      |                                                                                                         |   |
| Item 6.                                   | Exhibits                                                                                                     | 37 |
|                                      |                                                                                                         |   |
| Signatures                                |                                                                                                         | 38 |

----

|                                                                                    |   | September 30, |    |   | December 31, |   |
|-----------------------------------------------------------------------------------------|--------|---------------|---------|--------|--------------|--------|
|                                                                                    |   | 2009          |    |   | 2008         |   |
| ASSETS                                                                                  |   |          |    |   | (Note 1)     |   |
|                                                                                    |   |          |    |   |         |   |
| Cash and cash equivalents                                                               |   | $             | 3,325   |   |         | $      | 3,037 |   |
| Accounts receivable, net                                                                |   |          | 118,072 |   |         |   | 210,375 |   |
| Inventories                                                                             |   |          | 55,429  |   |         |   | 49,779 |   |
| Deferred income taxes                                                                   |   |          | 5,017   |   |         |   | 6,187 |   |
| Income taxes receivable                                                                 |   |          | 18,694  |   |         |   | 15,604 |   |
| Prepaid expenses and other current assets                                               |   |          | 2,677   |   |         |   | 7,841 |   |
| Total current assets                                                                    |   |          | 203,214 |   |         |   | 292,823 |   |
| Property, plant and equipment, net                                                      |   |          | 421,796 |   |         |   | 470,115 |   |
| Goodwill                                                                                |   |          | 24,093  |   |         |   | 24,093 |   |
| Other assets                                                                            |   |          | 8,964   |   |         |   | 6,430 |   |
| Total assets                                                                            |   | $             | 658,067 |   |         | $      | 793,461 |   |
|                                                                                    |   |          |    |   |         |   |   |   |
|                                                                                    |   |          |    |   |         |   |   |   |
|                                                                                    |   |          |    |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                    |   |          |    |   |         |   |   |   |
|                                                                                    |   |          |    |   |         |   |   |   |
| Accounts payable                                                                        |   | $             | 36,550  |   |         | $      | 61,217 |   |
| Accrued payroll and related expenses                                                    |   |          | 10,826  |   |         |   | 20,398 |   |
| Accrued insurance expenses                                                              |   |          | 4,260   |   |         |   | 4,640 |   |
| Accrued state, local and other taxes                                                    |   |          | 3,681   |   |         |   | 2,395 |   |
| Income taxes payable                                                                    |   |          | 1,020   |   |         |   | 3,359 |   |
| Other accrued expenses                                                                  |   |          | 271     |   |         |   | 320 |   |
| Total current liabilities                                                               |   |          | 56,608  |   |         |   | 92,329 |   |
| Long-term accrued insurance expenses                                                    |   |          | 8,423   |   |         |   | 8,398 |   |
| Notes payable to banks                                                                  |   |          | 101,850 |   |         |   | 174,450 |   |
| Long-term pension liabilities                                                           |   |          | 13,818  |   |         |   | 11,177 |   |
| Other long-term liabilities                                                             |   |          | 1,916   |   |         |   | 3,628 |   |
| Deferred income taxes                                                                   |   |          | 58,036  |   |         |   | 54,395 |   |
| Total liabilities                                                                       |   |          | 240,651 |   |         |   | 344,377 |   |
| Common stock                                                                            |   |          | 9,838   |   |         |   | 9,770 |   |
| Capital in excess of par value                                                          |   |          | 6,392   |   |         |   | 3,990 |   |
| Retained earnings                                                                       |   |          | 410,186 |   |         |   | 445,356 |   |
| Accumulated other comprehensive loss                                                    |   |          | (9,000  | )      |         |   | (10,032 | ) |
| Total stockholders' equity                                                              |   |          | 417,416 |   |         |   | 449,084 |   |
| Total liabilities and stockholders' equity                                              |   | $             | 658,067 |   |         | $      | 793,461 |   |
|                                                                                    |   |          |    |   |         |   |   |   |
| The accompanying notes are an integral part of these consolidated financial statements. |   |
|                                                                                    |   |          |    |   |         |   |   |   |

----

|                                         |   | Three months ended September 30, |    |   | Nine months ended September 30, |   |
|----------------------------------------------|--------|----------------------------------|---------|--------|---------------------------------|--------|
|                                         |   | 2009                             |    |   | 2008                            |   |   | 2009 |   |   | 2008 |   |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |
| Revenues                                     |   | $                                | 132,159 |   |                            | $      | 237,217 |   |   | $ | 435,448 |   |   | $ | 649,133 |   |
| Cost of revenues                             |   |                             | 90,442  |   |                            |   | 134,878 |   |   |   | 291,492 |   |   |   | 372,723 |   |
| Selling, general and administrative expenses |   |                             | 22,843  |   |                            |   | 29,660 |   |   |   | 73,821 |   |   |   | 86,987 |   |
| Depreciation and amortization                |   |                             | 33,289  |   |                            |   | 30,445 |   |   |   | 97,685 |   |   |   | 86,948 |   |
| Loss (gain) on disposition of assets, net    |   |                             | 492     |   |                            |   | (1,998 | ) |   |   | (1,542 | ) |   |   | (4,998 | ) |
| Operating (loss) profit                      |   |                             | (14,907 | )      |                            |   | 44,232 |   |   |   | (26,008 | ) |   |   | 107,473 |   |
| Interest expense                             |   |                             | (533    | )      |                            |   | (1,241 | ) |   |   | (1,654 | ) |   |   | (3,962 | ) |
| Interest income                              |   |                             | 41      |   |                            |   | 17 |   |   |   | 126 |   |   |   | 63 |   |
| Other income (expense), net                  |   |                             | 602     |   |                            |   | (356 | ) |   |   | 1,353 |   |   |   | (258 | ) |
| (Loss) income before income taxes            |   |                             | (14,797 | )      |                            |   | 42,652 |   |   |   | (26,183 | ) |   |   | 103,316 |   |
| Income tax (benefit) provision               |   |                             | (4,412  | )      |                            |   | 16,872 |   |   |   | (8,640 | ) |   |   | 40,321 |   |
| Net (loss) income                            |   | $                                | (10,385 | )      |                            | $      | 25,780 |   |   | $ | (17,543 | ) |   | $ | 62,995 |   |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| (Loss) earnings per share                    |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                        |   | $                                | (0.11   | )      |                            | $      | 0.27 |   |   | $ | (0.18 | ) |   | $ | 0.65 |   |
| Diluted                                      |   | $                                | (0.11   | )      |                            | $      | 0.26 |   |   | $ | (0.18 | ) |   | $ | 0.64 |   |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Dividends per share                          |   | $                                | 0.04    |   |                            | $      | 0.06 |   |   | $ | 0.18 |   |   | $ | 0.18 |   |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Average shares outstanding                   |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                        |   |                             | 96,352  |   |                            |   | 96,802 |   |   |   | 96,282 |   |   |   | 96,728 |   |
| Diluted                                      |   |                             | 96,352  |   |                            |   | 98,232 |   |   |   | 96,282 |   |   |   | 98,202 |   |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |

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

----

|                                                                                  |   | Comprehensive |    |   | Common Stock |   |    | Capital inExcess of |   |   | Retained  |   |   | AccumulatedOtherComprehensive |    |   |   |    |
|---------------------------------------------------------------------------------------|--------|---------------|---------|--------|--------------|--------|---------|---------------------|--------|--------|-----------|--------|--------|-------------------------------|---------|--------|--------|---------|
|                                                                                  |   | Income (Loss) |    |   | Shares       |   |    | Amount              |   |   | Par Value |   |   | Earnings                      |    |   | Loss   |    |   | Total |   |
| Balance, December 31, 2008                                                            |   |          |    |   |         | 97,705 |    |                | $      | 9,770  |      |   | $      | 3,990                         |    |   | $      | 445,356 |   |   | $ | (10,032 | ) |   | $ | 449,084 |   |
| Stock issued for stock incentive                                                      |   |          |    |   |         |   |    |                |   |   |      |   |   |                          |    |   |   |    |   |   |   |   |   |   |   |   |   |
| plans, net                                                                            |   |          |    |   |         | 915    |    |                |   | 92     |      |   |   | (142                          | )       |   |   | — |   |   |   | — |   |   |   | (50 | ) |
| Stock purchased and retired                                                           |   |          |    |   |         | (237   | )       |                |   | (24    | )         |   |   | (1,953                        | )       |   |   | — |   |   |   | — |   |   |   | (1,977 | ) |
| Net loss                                                                              |   | $             | (17,543 | )      |         |   | — |                |   |   | —   |   |   |                          | — |   |   |    | (17,543 | ) |   |   | — |   |   |   | (17,543 | ) |
| Pension adjustment, net of taxes                                                      |   |          | 798     |   |         |   | — |                |   |   | —   |   |   |                          | — |   |   |    | — |   |   |   | 798 |   |   |   | 798 |   |
| Change in cash flow hedge,                                                            |   |          |    |   |         |   |    |                |   |   |      |   |   |                          |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
| net of taxes                                                                          |   |          | (32     | )      |         |   | — |                |   |   | —   |   |   |                          | — |   |   |    | — |   |   |   | (32 | ) |   |   | (32 | ) |
| Foreign currency translation,                                                         |   |          |    |   |         |   |    |                |   |   |      |   |   |                          |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
| net of taxes                                                                          |   |          | 183     |   |         |   | — |                |   |   | —   |   |   |                          | — |   |   |    | — |   |   |   | 183 |   |   |   | 183 |   |
| Unrealized gain on securities,                                                        |   |          |    |   |         |   |    |                |   |   |      |   |   |                          |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
| net of taxes                                                                          |   |          | 83      |   |         |   | — |                |   |   | —   |   |   |                          | — |   |   |    | — |   |   |   | 83 |   |   |   | 83 |   |
| Comprehensive loss                                                                    |   | $             | (16,511 | )      |         |   |    |                |   |   |      |   |   |                          |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
| Dividends declared                                                                    |   |          |    |   |         |   | — |                |   |   | —   |   |   |                          | — |   |   |    | (17,627 | ) |   |   | — |   |   |   | (17,627 | ) |
| Stock-based compensation                                                              |   |          |    |   |         |   | — |                |   |   | —   |   |   |                          | 3,139   |   |   |    | — |   |   |   | — |   |   |   | 3,139 |   |
| Excess tax benefits for share-                                                        |   |          |    |   |         |   |    |                |   |   |      |   |   |                          |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
| based payments                                                                        |   |          |    |   |         |   | — |                |   |   | —   |   |   |                          | 1,358   |   |   |    | — |   |   |   | — |   |   |   | 1,358 |   |
| Balance, September 30, 2009                                                           |   |          |    |   |         |   | 98,383  |                |   | $      | 9,838     |   |   | $                             | 6,392   |   |   | $       | 410,186 |   |   | $ | (9,000 | ) |   | $ | 417,416 |   |
|                                                                                  |   |          |    |   |         |   |    |                |   |   |      |   |   |                          |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |          |    |   |         |   |    |                |   |   |      |   |   |                          |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of this consolidated financial statement. |   |          |    |   |         |

----

|                                                                                      |   | Nine months ended September 30, |     |
|-------------------------------------------------------------------------------------------|--------|---------------------------------|----------|
|                                                                                      |   | 2009                            |     |   | 2008 |   |
| OPERATING ACTIVITIES                                                                      |   |                            |     |   |   |   |
| Net (loss) income                                                                         |   | $                               | (17,543  | ) |   | $ | 62,995 |   |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities:  |   |                            |     |   |   |
|       Depreciation, amortization and other non-cash charges |   |                            | 97,683   |   |   |   | 86,948 |   |
|       Stock-based compensation expense                      |   |                            | 3,139    |   |   |   | 2,728 |   |
|       Gain on disposition of assets, net                    |   |                            | (1,542   | ) |   |   | (4,998 | ) |
|       Deferred income tax provision                         |   |                            | 3,531    |   |   |   | 17,425 |   |
|       Excess tax benefits for share-based payments          |   |                            | (1,358   | ) |   |   | (806 | ) |
|    Changes in current assets and liabilities:                              |   |                            |     |   |   |   |   |   |
|       Accounts receivable                                   |   |                            | 92,545   |   |   |   | (42,557 | ) |
|       Income taxes receivable                               |   |                            | (1,732   | ) |   |   | (4,740 | ) |
|       Inventories                                           |   |                            | (5,475   | ) |   |   | (11,098 | ) |
|       Prepaid expenses and other current assets             |   |                            | 5,353    |   |   |   | 2,504 |   |
|       Accounts payable                                      |   |                            | (18,658  | ) |   |   | 13,466 |   |
|       Income taxes payable                                  |   |                            | (2,339   | ) |   |   | (2,180 | ) |
|       Accrued payroll and related expenses                  |   |                            | (9,572   | ) |   |   | 3,907 |   |
|       Accrued insurance expenses                            |   |                            | (380     | ) |   |   | 952 |   |
|       Accrued state, local and other taxes                  |   |                            | 1,286    |   |   |   | 2,307 |   |
|       Other accrued expenses                                |   |                            | (101     | ) |   |   | (137 | ) |
| Changes in working capital                                                                |   |                            | 60,927   |   |   |   | (37,576 | ) |
|    Changes in other assets and liabilities:                                |   |                            |     |   |   |   |   |   |
|       Accrued pension                                       |   |                            | 3,896    |   |   |   | 647 |   |
|       Accrued insurance expenses                            |   |                            | 25       |   |   |   | 435 |   |
|       Other non-current assets                              |   |                            | (2,287   | ) |   |   | (777 | ) |
|       Other non-current liabilities                         |   |                            | (1,763   | ) |   |   | (130 | ) |
| Net cash provided by operating activities                                                 |   |                            | 144,708  |   |   |   | 126,891 |   |
|                                                                                      |   |                            |     |   |   |   |   |   |
| INVESTING ACTIVITIES                                                                      |   |                            |     |   |   |   |   |   |
| Capital expenditures                                                                      |   |                            | (58,738  | ) |   |   | (136,941 | ) |
| Proceeds from sale of assets                                                              |   |                            | 4,927    |   |   |   | 8,143 |   |
| Net cash used for investing activities                                                    |   |                            | (53,811  | ) |   |   | (128,798 | ) |
|                                                                                      |   |                            |     |   |   |   |   |   |
| FINANCING ACTIVITIES                                                                      |   |                            |     |   |   |   |   |   |
| Payment of dividends                                                                      |   |                            | (17,627  | ) |   |   | (17,498 | ) |
| Borrowings from notes payable to banks                                                    |   |                            | 209,700  |   |   |   | 299,650 |   |
| Repayments of notes payable to banks                                                      |   |                            | (282,300 | ) |   |   | (270,450 | ) |
| Debt issue costs for notes payable to banks                                               |   |                            | (234     | ) |   |   | (94 | ) |
| Excess tax benefits for share-based payments                                              |   |                            | 1,358    |   |   |   | 806 |   |
| Cash paid for common stock purchased and retired                                          |   |                            | (1,628   | ) |   |   | (13,856 | ) |
| Proceeds received upon exercise of stock options                                          |   |                            | 122      |   |   |   | 304 |   |
| Net cash used for financing activities                                                    |   |                            | (90,609  | ) |   |   | (1,138 | ) |
|                                                                                      |   |                            |     |   |   |   |   |   |
| Net increase (decrease) in cash and cash equivalents                                      |   |                            | 288      |   |   |   | (3,045 | ) |
| Cash and cash equivalents at beginning of period                                          |   |                            | 3,037    |   |   |   | 6,338 |   |
| Cash and cash equivalents at end of period                                                |   | $                               | 3,325    |   |   | $ | 3,293 |   |
|                                                                                      |   |                            |     |   |   |   |   |   |
| The accompanying notes are an integral part of these consolidated financial statements.   |   |                            |     |   |   |

----

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

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

----

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

----

----

----

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

|   |                                                                                                      |   | Three months endedSeptember 30, |    |   | Nine months ended September 30, |
|--------|-----------------------------------------------------------------------------------------------------------|--------|---------------------------------|---------|--------|--------------------------------------|
|   | (In thousands except per share data )                                                                     |   | 2009                            |    |   | 2008                                 |   |   | 2009 |   |   | 2008 |
|   | Net (loss) income available for stockholders (numerator for basic and diluted (loss) earnings per share): |   | $                               | (10,385 | )      |                                 | $ | 25,780 |   |   | $ | (17,543 | ) |   | $ | 62,995 |
|   | Shares (denominator):                                                                                     |   |                            |    |   |                                 |   |   |   |   |   |   |   |   |   |   |
|   | Weighted average shares outstanding (denominator for basic (loss) earnings per share)                     |   |                            | 96,351  |   |                                 |   | 96,802 |   |   |   | 96,282 |   |   |   | 96,728 |
|   | Effect of dilutive securities:                                                                            |   |                            |    |   |                                 |   |   |   |   |   |   |   |   |   |   |
|   | Employee stock options and restricted stock                                                               |   |                            | -       |   |                                 |   | 1,430 |   |   |   | - |   |   |   | 1,474 |
|   | Adjusted weighted average shares (denominator for diluted (loss) earnings per share)                      |   |                            | 96,351  |   |                                 |   | 98,232 |   |   |   | 96,282 |   |   |   | 98,202 |
|   | (Loss) earnings per share:                                                                                |   |                            |    |   |                                 |   |   |   |   |   |   |   |   |   |   |
|   | Basic                                                                                                     |   | $                               | (0.11   | )      |                                 | $ | 0.27 |   |   | $ | (0.18 | ) |   | $ | 0.65 |
|   | Diluted                                                                                                   |   | $                               | (0.11   | )      |                                 | $ | 0.26 |   |   | $ | (0.18 | ) |   | $ | 0.64 |

----

|   | 5. | COMPREHENSIVE (LOSS) INCOME |
|--------|----|-----------------------------|

|                                              |   | Three months endedSeptember 30, |    |   | Nine months endedSeptember 30, |   |
|---------------------------------------------------|--------|---------------------------------|---------|--------|--------------------------------|--------|
| (In thousands)                                    |   | 2009                            |    |   | 2008                           |   |   | 2009 |   |   | 2008 |   |
| Net (loss) income as reported                     |   | $                               | (10,385 | )      |                           | $      | 25,780 |   |   | $ | (17,543 | ) |   | $ | 62,995 |   |
| Pension adjustment, net of taxes                  |   |                            | 244     |   |                           |   | 45 |   |   |   | 798 |   |   |   | 89 |   |
| Change in cash flow hedge, net of taxes           |   |                            | (161    | )      |                           |   | - |   |   |   | (32 | ) |   |   | - |   |
| Foreign currency translation, net of taxes        |   |                            | 186     |   |                           |   | (94 | ) |   |   | 183 |   |   |   | (40 | ) |
| Unrealized gain (loss) on securities,net of taxes |   |                            | 87      |   |                           |   | (500 | ) |   |   | 83 |   |   |   | (41 | ) |
| Comprehensive (loss) income                       |   | $                               | (10,029 | )      |                           | $      | 25,231 |   |   | $ | (16,511 | ) |   | $ | 63,003 |   |

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

----

|              |   | Three months ended |   |   | Nine months ended |   |
|-------------------|--------|--------------------|--------|--------|-------------------|--------|
|              |   | September 30,      |   |   | September 30,     |   |
| (in thousands)    |   | 2009               |   |   | 2008              |   |   | 2009 |   |   | 2008 |   |
|              |   |               |   |   |              |   |   |   |   |   |   |   |
| Pre-tax expense   |   | $                  | 1,051  |   |              | $      | 919 |   |   | $ | 3,139 |   |   | $ | 2,728 |   |
|              |   |               |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| After tax expense |   |               | 667    |   |              |   | 584 |   |   |   | 1,993 |   |   |   | 1,744 |   |

|                                              |   | Shares |      |   | Weighted Average Exercise Price |   |   | Weighted Average Remaining Contractual Life |   | Aggregate Intrinsic Value |
|---------------------------------------------------|--------|--------|-----------|--------|---------------------------------|--------|--------|---------------------------------------------|--------|---------------------------|
| Outstanding at January 1, 2009                    |   |   | 1,108,022 |   |                            | $      | 3.12   |                                        |   | 2.68 years                |   |   |
| Granted                                           |   |   | -         |   |                            |   | -      |                                        |   |                      | N/A |   |   |
| Exercised                                         |   |   | (232,326  | )      |                            |   | 2.87   |                                        |   |                      | N/A |   |   |
| Forfeited                                         |   |   | (8,715    | )      |                            |   | 3.76   |                                        |   |                      | N/A |   |   |
| Expired                                           |   |   | -         |   |                            |   | -      |                                        |   |                      | N/A |   |   |
| Outstanding and exercisable at September 30, 2009 |   |   | 883,445   |   |                            | $      | 3.39   |                                        |   | 2.49 years                |   | $6,147,000 |

----

|                                    |   | Shares |      |   | Weighted AverageGrant-Date FairValue |   |
|-----------------------------------------|--------|--------|-----------|--------|--------------------------------------|--------|
| Non-vested shares at January 1, 2009    |   |   | 1,762,478 |   |                                 | $      | 11.34 |   |
| Granted                                 |   |   | 722,000   |   |                                 |   | 8.55 |   |
| Vested                                  |   |   | (421,138  | )      |                                 |   | 9.19 |   |
| Forfeited                               |   |   | (39,661   | )      |                                 |   | 12.74 |   |
| Non-vested shares at September 30, 2009 |   |   | 2,023,679 |   |                                 | $      | 10.77 |   |

----

|                                      |   | Three months ended September 30, |    |   | Nine months ended September 30, |   |
|-------------------------------------------|--------|----------------------------------|---------|--------|---------------------------------|--------|
|                                      |   | 2009                             |    |   | 2008                            |   |   | 2009 |   |   | 2008 |   |
| (in thousands)                            |   |                             |    |   |                            |   |   |   |   |   |   |   |
|                                      |   |                             |    |   |                            |   |   |   |   |   |   |   |
| Revenues:                                 |   |                             |    |   |                            |   |   |   |   |   |   |   |
| Technical Services                        |   | $                                | 116,326 |   |                            | $      | 203,462 |   |   | $ | 377,393 |   |   | $ | 557,977 |   |
| Support Services                          |   |                             | 15,833  |   |                            |   | 33,755 |   |   |   | 58,055 |   |   |   | 91,156 |   |
| Total revenues                            |   | $                                | 132,159 |   |                            | $      | 237,217 |   |   | $ | 435,448 |   |   | $ | 649,133 |   |
| Operating (loss) profit:                  |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Technical Services                        |   | $                                | (9,540  | )      |                            | $      | 34,644 |   |   | $ | (18,604 | ) |   | $ | 87,288 |   |
| Support Services                          |   |                             | (1,770  | )      |                            |   | 10,333 |   |   |   | 320 |   |   |   | 22,955 |   |
| Corporate                                 |   |                             | (3,105  | )      |                            |   | (2,743 | ) |   |   | (9,266 | ) |   |   | (7,768 | ) |
| (Loss) gain on disposition of assets, net |   |                             | (492    | )      |                            |   | 1,998 |   |   |   | 1,542 |   |   |   | 4,998 |   |
| Total operating (loss) profit             |   | $                                | (14,907 | )      |                            | $      | 44,232 |   |   | $ | (26,008 | ) |   | $ | 107,473 |   |
| Interest expense                          |   |                             | (533    | )      |                            |   | (1,241 | ) |   |   | (1,654 | ) |   |   | (3,962 | ) |
| Interest income                           |   |                             | 41      |   |                            |   | 17 |   |   |   | 126 |   |   |   | 63 |   |
| Other income (expense), net               |   |                             | 602     |   |                            |   | (356 | ) |   |   | 1,353 |   |   |   | (258 | ) |
| (Loss) income before income taxes         |   | $                                | (14,797 | )      |                            | $      | 42,652 |   |   | $ | (26,183 | ) |   | $ | 103,316 |   |

----

| Nine months ended September 30, 2009      |   | Technical Services |    |   | SupportServices |   |    | Corporate |   |   | Total  |
|-------------------------------------------|--------|--------------------|---------|--------|-----------------|--------|---------|-----------|--------|--------|--------|
| (in thousands)                            |   |               |    |   |            |   |    |      |   |   |   |
| Identifiable assets at September 30, 2009 |   | $                  | 462,761 |   |            | $      | 147,461 |      |   | $      | 47,845 |   |   | $ | 658,067 |
| Capital expenditures                      |   |               | 40,708  |   |            |   | 17,658  |      |   |   | 372    |   |   |   | 58,738 |
| Depreciation and amortization             |   |               | 76,509  |   |            |   | 20,619  |      |   |   | 557    |   |   |   | 97,685 |

|                               |   | Three months endedSeptember 30, |   |   | Nine months endedSeptember 30, |   |
|------------------------------------|--------|---------------------------------|--------|--------|--------------------------------|--------|
| (in thousands)                     |   | 2009                            |   |   | 2008                           |   |   | 2009 |   |   | 2008 |   |
|                               |   |                            |   |   |                           |   |   |   |   |   |   |   |
| Service cost                       |   | $                               | -      |   |                           | $      | - |   |   | $ | - |   |   | $ | - |   |
| Interest cost                      |   |                            | 485    |   |                           |   | 461 |   |   |   | 1,454 |   |   |   | 1,382 |   |
| Expected return on plan assets     |   |                            | (381   | )      |                           |   | (636 | ) |   |   | (1,141 | ) |   |   | (1,908 | ) |
| Amortization of net losses         |   |                            | 384    |   |                           |   | 71 |   |   |   | 1,153 |   |   |   | 213 |   |
| Net periodic benefit cost (credit) |   | $                               | 488    |   |                           | $      | (104 | ) |   | $ | 1,466 |   |   | $ | (313 | ) |

----

----

  Interest incurred on the line of credit was $550,000 and $1,805,000 during the three and nine months ended September 30, 2009, and $1,473,000 and $4,684,000 duringthe three and nine months ended September 30, 2008.  The weighted average interest rate was 1.9% and 1.8% for the three and nine months ended September 30, 2009, and 3.4% and 3.9% for the three and nine months ended September 30, 2008.  For the nine months ended September 30, 2009, and September 30, 2008, the Company capitalized interest of approximately $141,000 and $803,000 related to facilities and equipment under construction.  Additionally there were letters of credit outstandingrelating to self-insurance programs and contract bids totaling $15.1 million as of September 30, 2009. 

----

|   | 1. | Level 1 – Quoted market prices in active markets for identical assets or liabilities. |
|--------|----|---------------------------------------------------------------------------------------------|

|   | 2. | Level 2 – Inputs other than level 1 that are either directly or indirectly observable. |
|--------|----|----------------------------------------------------------------------------------------------|

|   | 3. | Level 3 – Unobservable inputs developed using the Company’s estimates and assumptions, which reflect those that market participants would use. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                 |   | Fair value measurements at September 30, 2009 with:  |   |
|--------------------------------------|--------|------------------------------------------------------|--------|
| (in thousands)                       |   | Quoted prices in active markets for identical assets |   |   | Significant other observable inputs |   |   | Significant unobservable inputs |   |
|                                 |   | (Level 1)                                            |   |   | (Level 2) |   |   | (Level 3) |   |
| Assets:                              |   |                                                 |   |   |   |   |   |   |   |
| Trading securities                   |   | $                                                    | 6,458  |   |   | $ | - |   |   | $ | - |   |
| Available for sale securities        |   |                                                 | 641    |   |   |   | - |   |   |   | - |   |
| Liabilities:                         |   |                                                 |   |   |   |   |   |   |   |   |   |   |
|    Interest rate swap |   | $                                                    | -      |   |   | $ | (881 | ) |   | $ | - |   |

----

----

----

----

|   |                                                                  |   | Three months ended September 30, |    |   | Nine months endedSeptember 30, |   |    |
|--------|-----------------------------------------------------------------------|--------|---------------------------------------|---------|--------|--------------------------------|--------|---------|
|   |                                                                  |   | 2009                                  |    |   | 2008                           |   |    | 2009 |   |   | 2008 |   |   |
|   |                                                                  |   |                                  |    |   |                           |   |    |   |   |   |   |   |   |
|   | Consolidated revenues [in thousands]                                  |   | $                                     | 132,159 |   |                           | $      | 237,217 |   |   | $ | 435,448 |   |   | $ | 649,133 |   |   |
|   | Revenues by business segment [in thousands]:                          |   |                                  |    |   |                           |   |    |   |   |   |   |   |   |   |   |   |   |
|   | Technical                                                             |   | $                                     | 116,326 |   |                           | $      | 203,462 |   |   | $ | 377,393 |   |   | $ | 557,977 |   |   |
|   | Support                                                               |   |                                  | 15,833  |   |                           |   | 33,755  |   |   |   | 58,055 |   |   |   | 91,156 |   |   |
|   |                                                                  |   |                                  |    |   |                           |   |    |   |   |   |   |   |   |   |   |   |   |
|   | Consolidated operating (loss) profit [in thousands]                   |   | $                                     | (14,907 | )      |                           | $      | 44,232  |   |   | $ | (26,008 | ) |   | $ | 107,473 |   |   |
|   | Operating (loss) profit by business segment [in thousands]:           |   |                                  |    |   |                           |   |    |   |   |   |   |   |   |   |   |   |   |
|   | Technical                                                             |   | $                                     | (9,540  | )      |                           | $      | 34,644  |   |   | $ | (18,604 | ) |   | $ | 87,288 |   |   |
|   | Support                                                               |   |                                  | (1,770  | )      |                           |   | 10,333  |   |   |   | 320 |   |   |   | 22,955 |   |   |
|   | Corporate                                                             |   |                                  | (3,105  | )      |                           |   | (2,743  | ) |   |   | (9,266 | ) |   |   | (7,768 | ) |   |
|   | (Loss) gain on disposition of assets, net                             |   |                                  | (492    | )      |                           |   | 1,998   |   |   |   | 1,542 |   |   |   | 4,998 |   |   |
|   |                                                                  |   |                                  |    |   |                           |   |    |   |   |   |   |   |   |   |   |   |   |
|   | Percentage cost of revenues to revenues                               |   |                                  | 68.4    | %      |                           |   | 56.9    | % |   |   | 66.9 | % |   |   | 57.4 | % |   |
|   | Percentage selling, general & administrative expenses to revenues |   |                                  | 17.3    | %      |                           |   | 12.5    | % |   |   | 17.0 | % |   |   | 13.4 | % |   |
|   | Percentage depreciation and amortization expense to revenues          |   |                                  | 25.2    | %      |                           |   | 12.8    | % |   |   | 22.4 | % |   |   | 13.4 | % |   |
|   | Average U.S. domestic rig count                                       |   |                                  | 970     |   |                           |   | 1,979   |   |   |   | 1,083 |   |   |   | 1,871 |   |   |
|   | Average natural gas price (per thousand cubic feet (mcf))             |   | $                                     | 3.13    |   |                           | $      | 9.00    |   |   | $ | 3.78 |   |   | $ | 9.65 |   |   |
|   | Average oil price (per barrel)                                        |   | $                                     | 68.15   |   |                           | $      | 118.83  |   |   | $ | 57.28 |   |   | $ | 114.03 |   |   |

----

----

----

----

----

|   |                                      |   | Nine months ended September 30, |    |
|--------|-------------------------------------------|--------|---------------------------------|---------|
|   | (In thousands)                            |   | 2009                            |    |   | 2008 |   |
|   |                                      |   |                            |    |   |   |   |
|   | Net cash provided by operating activities |   | $                               | 144,708 |   |   | $ | 126,891 |   |
|   | Net cash used for investing activities    |   |                            | (53,811 | ) |   |   | (128,798 | ) |
|   | Net cash used for financing activities    |   |                            | (90,609 | ) |   |   | (1,138 | ) |

----

----

----

----

----

----

----

|   |                                    |                                                                                                                                                                                                                                       |                                        |   |   |                                  |   |   |                                                                                        |   |   |                                                                                                                     |   |
|--------|-----------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------|--------|--------|---------------------------------------|--------|--------|---------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------|--------|
|   | Period                                  |                                                                                                                                                                                                                                       | Total Number of Shares (or Units) Purchased |   |   | Average Price Paid Per Share(or Unit) |   |   | Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs |   |   | Maximum Number (or Approximate Dollar Value) of Shares(or Units) that MayYet Be Purchased Under the Plans orPrograms (1) |   |
|   | Month #1                                |                                                                                                                                                                                                                                       |                                        |   |   |                                  |   |   |                                                                                        |   |   |                                                                                                                     |   |
|   | July 1, 2009 to July 31, 2009           |                                                                                                                                                                                                                                       |                                        | -      |   |                                  | $      | -      |                                                                                        |   |   | -                                                                                                                        |   |   |   | 2,807,265 |   |
|   |                                    |                                                                                                                                                                                                                                       |                                        |   |   |                                  |   |   |                                                                                        |   |   |                                                                                                                     |   |   |   |   |   |
|   | Month #2                                |                                                                                                                                                                                                                                       |                                        |   |   |                                  |   |   |                                                                                        |   |   |                                                                                                                     |   |   |   |   |   |
|   | August 1, 2009 to August 31, 2009       |                                                                                                                                                                                                                                       |                                        | -      |   |                                  |   | -      |                                                                                        |   |   | -                                                                                                                        |   |   |   | 2,807,265 |   |
|   |                                    |                                                                                                                                                                                                                                       |                                        |   |   |                                  |   |   |                                                                                        |   |   |                                                                                                                     |   |   |   |   |   |
|   | Month #3                                |                                                                                                                                                                                                                                       |                                        |   |   |                                  |   |   |                                                                                        |   |   |                                                                                                                     |   |   |   |   |   |
|   | September 1, 2009 to September 30, 2009 |                                                                                                                                                                                                                                       |                                        | 3,927  | (2)    |                                  |   | 9.86   |                                                                                        |   |   | -                                                                                                                        |   |   |   | 2,807,265 |   |
|   |                                    |                                                                                                                                                                                                                                       |                                        |   |   |                                  |   |   |                                                                                        |   |   |                                                                                                                     |   |   |   |   |   |
|   | Totals                                  |                                                                                                                                                                                                                                       |                                        | 3,927  |   |                                  | $      | 9.86   |                                                                                        |   |   | -                                                                                                                        |   |   |   | 2,807,265 |   |
|   |                                    |                                                                                                                                                                                                                                       |                                        |   |   |                                  |   |   |                                                                                        |   |   |                                                                                                                     |   |   |   |   |   |
|   |  (1)                               | The Company’s Board of Directors announced a stock buyback program in March 1998 authorizing the repurchase of 11,812,500 shares in the open market.  Currently the program does not have a predetermined expiration date. |                                        |
|   |                                    |                                                                                                                                                                                                                                       |                                        |
|   | (2)                                     |  Consists of shares repurchased by the Company in connection with option exercises.                                                                                                                                                   |                                        |
|   |                                    |                                                                                                                                                                                                                                       |                                        |   |   |                                  |   |   |                                                                                        |   |   |                                                                                                                     |   |   |   |   |   |

----

----

|   | 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            |   | Amended and Restated Bylaws of RPC, Inc. (incorporated herein by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on October 25, 2007).                                                                                                                                                                                                         |
|   |           |   |                                                                                                                                                                                                                                                                                                                                                                               |
|   | 4              |   | Form of Stock Certificate (incorporated herein by reference to Exhibit 4 to the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 1998).                                                                                                                                                                                                        |
|   |           |   |                                                                                                                                                                                                                                                                                                                                                                               |
|   | 10.1           |   | Second Amendment to Revolving Credit Agreement, dated as of September 2, 2009, by and among the Company, the several banks and other financial institutions from time to time party thereto and SunTrust Bank, in its capacity as Administrative Agent (incorporated by reference to Exhibit 99.1 to the Registrant’s Current Report on Form 8-Kfiled on September 3, 2009). |
|   |           |   |                                                                                                                                                                                                                                                                                                                                                                               |
|   | 31.1           |   | Section 302 certification for Chief Executive Officer.                                                                                                                                                                                                                                                                                                                             |
|   |           |   |                                                                                                                                                                                                                                                                                                                                                                               |
|   | 31.2           |   | Section 302 certification for Chief Financial Officer.                                                                                                                                                                                                                                                                                                                             |
|   |           |   |                                                                                                                                                                                                                                                                                                                                                                               |
|   | 32.1           |   | Section 906 certifications for Chief Executive Officer and Chief Financial Officer.                                                                                                                                                                                                                                                                                                |

----

|                                    | RPC, INC. |                                                               |
|-----------------------------------------|-----------|--------------------------------------------------------------------|
|                                    |      |                                                               |   |
| Date:  November 5, 2009  |      | /s/ Richard A. Hubbell                                             |   |
|                                    |      | Richard A. Hubbell                                                 |   |
|                                    |      | President and Chief Executive Officer(Principal Executive Officer) |   |
|                                    |      |                                                               |   |

|                                    |   |                                                                                   |   |
|-----------------------------------------|--------|----------------------------------------------------------------------------------------|--------|
| Date:  November 5, 2009  |   | /s/ Ben M. Palmer                                                                      |   |
|                                    |   | Ben M. Palmer                                                                          |   |
|                                    |   | Vice President and Chief Financial Officer(Principal Financial and Accounting Officer) |   |
|                                    |   |                                                                                   |