$ 4.31 $ 0.21 5.12% Menu COMPANY HISTORY RPC, Inc. was spun off from Rollins, Inc. in 1984. Its oldest subsidiary, Patterson Services, has a 60 year history. Patterson Services was founded in the 1940's and acquired by Rollins Inc. (NYSE: ROL) in 1973. Cudd Pressure Control was founded in 1977 and acquired by Rollins in 1980. When the oilfield entered a severe cyclical downturn in the early 80s, Rollins made the decision to spin off Patterson and Cudd in 1984 as RPC Energy Services (NYSE: RES) (the name was later changed to RPC, Inc.). Focus on Oilfield Services Until 2001, RPC was a diversified holding company, with businesses in areas from oil services and waste management to recreational powerboats. Starting in 1999, RPC began divesting its non-core businesses (See below). Today, RPC is a pure-play oil and gas services company with 97% of revenues coming from oil and gas services businesses. 1999 Sold Eco Waste Technologies 2001 Spun off Chaparral into Marine Products 2001 Sold Business Link International 2004 Sold Anchor Crane 2005 Sold International Hammer and Spindletop Services Growing through Acquisitions Since its inception, RPC has negotiated numerous, small add-on acquisitions and created a successful pressure pumping operation. Now that RPC is a pure-play oil and gas services company, acquisitions have been funded in part with RPC common stock. We have an ongoing acquisition effort to find suitable acquisition candidates. RPC operates on a decentralized basis, appealing to sellers of businesses that are interested in remaining with their companies after the acquisition. Most recently, we have been focused on expanding our pressure pumping service line geographically and creating scale to allow us to compete more effectively for larger and more profitable jobs. RPC's managers are mindful of the value that can be destroyed by paying too much for a company, so RPC creates a win-win situation by paying small premiums for acquisitions, but providing the sellers the opportunity to generate additional proceeds based on future financial performance. RPC Acquisitions History 1996 - International Training Services: Well Control School 1997 - Spindletop Tubular Services 1999 - Applied Snubbing Technology, Inc. 2000 - Freemyer Technical Services, Inc. 2001 - Sooner Testing, Inc. 2001 - Mathews Energy Services, Inc. 2003 - Bronco Oilfield Services Organic Growth Since 1997, ThruTubing Solutions has been setting the standard in downhole operations, providing specialized downhole services and equipment to customers worldwide. Forged from the experience and expertise of seasoned field professionals and engineering staff, they have become a leading provider of thru tubing products and services in the industry today.With more than 20 locations around the globe – all strategically placed in major shale plays – they can provide the specialized resources needed for downhole projects done right. Growth Strategies RPC’s primary objective is to generate excellent long-term returns on investment through the effective and conservative management of its invested capital to generate strong cash flow. This objective continues to be pursued through strategic investments and opportunities designed to enhance the long-term value of RPC while improving market share, product offerings and the profitability of existing businesses. Growth strategies are focused on selected customers and markets in which we believe there exist opportunities for higher growth, customer and market penetration, or enhanced returns achieved through consolidations or through providing proprietary value added products and services. RPC intends to focus on specific market segments in which it believes that it has a competitive advantage and on potential large customers who have a long-term need for our services in markets in which we operate. 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