$ 4.03 $ -0.17 -4.05% Menu ABOUT RPC RPC, Inc. (RPC) is a Delaware corporation originally organized in 1984 as a holding company for several oilfield services companies and is headquartered in Atlanta, Georgia. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. RPC acts as a holding company for its operating units: Cudd Energy Services, Thru Tubing Solutions and Patterson Services. Selected overhead including centralized support services and regulatory compliance are classified under Corporate. RPC is further organized into Technical Services and Support Services which are its operating segments: Business Segments RPC’s service lines have been aggregated into two reportable oil and gas services business segments, Technical Services and Support Services, because of the similarities between the financial performance and approach to managing the service lines within each of the segments, as well as the economic and business conditions impacting their business activity levels. During 2020, less than five percent of RPC’s consolidated revenues were generated from offshore operations in the U.S. Gulf of Mexico and in the Gulf of Alaska. We also estimate that 75 percent of our 2020 revenues were related to drilling and production activities for oil, and 25 percent were related to drilling and production activities for natural gas. Technical Services include RPC’s oil and gas service lines that utilize people and equipment to perform value-added completion, production and maintenance services directly to a customer’s well. The demand for these services is generally influenced by customers’ decisions to invest capital toward initiating production in a new oil or natural gas well, improving production flows in an existing formation, or to address well control issues. This business segment consists primarily of pressure pumping, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline and fishing. The principal markets for this business segment include the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. Customers include major multi-national and independent oil and gas producers, and selected nationally owned oil companies. Support Services include RPC’s oil and gas service lines that primarily provide equipment for customer use or services to assist customer operations. The equipment and services include drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training and consulting services. The demand for these services tends to be influenced primarily by customer drilling-related activity levels. The principal markets for this segment include the United States, including the Gulf of Mexico, mid-continent, Rocky Mountain and Appalachian regions and project work in selected international locations in the last three years including primarily Canada, Latin America and the Middle East. Customers primarily include domestic operations of major multi-national and independent oil and gas producers, and selected nationally owned oil companies. ABOUT RPC COMPANY HISTORY LETTER FROM CEO CONTACT US SERVICE LINES PRESSURE PUMPING DOWNHOLE TOOLS COILED TUBING SNUBBING-HYDRAULIC WORKOVER NITROGEN WELL CONTROL RENTAL TOOLS OILFIELD PIPE INSPECTIONS SERVICES, MANAGEMENT AND STORAGE WELL CONTROL SCHOOL CONSULTING AND PROJECT MANAGEMENT GOVERNANCE MANAGEMENT DIRECTORS COMMITTEES SECTION 16 FILINGS PRESS RELEASES INVESTOR RELATIONS PROFILE SEC FILINGS ANNUAL REPORTS PRESENTATIONS STOCK QUOTE & CHART DIVIDEND HISTORY ANALYST COVERAGE JOIN EMAIL LIST REQUEST INVESTOR KITS CORPORATE RESPONSIBILITY CAREERS RPC, INC. CUDD ENERGY SERVICES THRU TUBING SOLUTIONS PATTERSON SERVICES PATTERSON TUBULAR SERVICES BRONCO OILFIELD SERVICES CUDD WELL CONTROL WELL CONTROL SCHOOL EMPLOYMENT VERIFICATION Disclaimer: This website contains statements that constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995, including all statements that look forward in time or express management's beliefs, expectations or hopes. In particular, such statements include, without limitation, statements regarding: our statement that we look ahead to sustained gradual improvements in 2021; our intentions to resume issuing dividends as soon as we believe it to be prudent; our plans to seek out high-utilization opportunities that will allow us to generate acceptable financial returns over an oilfield cycle; our plans to limit capital expenditures to capitalized maintenance efforts; our plans to continue to upgrade some of our existing equipment with dual-fuel capability; our plans to address any financially viable opportunity that supports ESG initiatives; our plans to provide a safe, healthy working environment for our employees, customers and partners; and our statement that we look forward to 2021 with cautious optimism. The actual results of the Company could differ materially from those indicated by the forward looking statements because of various risks and uncertainties, including, without limitation, those identified under the title "Risk Factors" in the Company's 2020 Annual Report on Form 10-K included as a part of this Annual Report. In addition, the timing of future dividend payments will depend on RPC's financial results and market conditions as well as on competing uses for cash. All of the foregoing risks and uncertainties are beyond the ability of the Company to control, and in many cases the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated in the forward-looking statements. The Company does not undertake to update these forward-looking statements. Privacy