$ 4.03 $ -0.17 -4.05% Menu CORPORATE RESPONSIBILITY - RPC, INC ESG INITIATIVES Together with our subsidiaries, RPC seeks to operate responsibly, support our employees and their communities, and fulfill our duties to customers and shareholders over the long term. Here is our approach: A Focus on the Environment RPC's pressure pumping business is making ongoing significant technology and process investments which reduce engine idling and operational location non-productive time. The reduction of engine idling time and other non-productive engine run time reduces greenhouse gas emissions significantly. We were an enthusiastic advocate of participation in the FracFocus hydraulic fracturing chemical registry. We made investments in technology and process change to begin reporting information early in FracFocus' existence. In fact, we began voluntarily reporting data before many peers and customers began to participate, and we continue to report this information timely and accurately. RPC's pressure pumping business made significant investments in sand storage solutions and other equipment to comply with the Federal silica dust requirements for hydraulic fracturing which came into effect in 2018. We continue to monitor our compliance with these existing regulations and prepare for an evolving regulatory environment. RPC operates a division whose sole business is to recycle water from oilfield completion sites. This business reduces the requirements for the use of fresh water or water sourced from an aquifer in the U.S. domestic oilfield. During 2020, we recycled almost 25 million barrels of flowback and produced water that was subsequently used in hydraulic fracturing operations. In addition, in 2020 we treated 22 million barrels of water to reduce contaminants and render it suitable to be used in subsequent operations in 2020. We have invested in several 3000 HP Tier IV fleets which we believe are unique in the U.S. land market. In addition to the lower emissions per horsepower produced by Tier IV pressure pumping engines, these fleets produce less noise and have a smaller footprint than Tier II equipment. We are currently investing in dual-fuel pressure pumping equipment. Not only does this equipment emit lower emissions because it operates on natural gas, but it also reduces greenhouse gas emissions at the customer location because it can often use natural gas produced by a customer's well which would otherwise be flared into the atmosphere. Our downhole completion service business has developed a zonal isolation mechanism that stretches stage lengths and reduces the need for pressure pumping horsepower. This new product lessens environmental impact by reducing water usage and operating time on location, which lowers fuel consumption and emissions. We are testing various systems that allows equipment to be started or shut down simultaneously, which will reduce emissions. A Focus on our People and Their Communities We are making technology and process investments which reduce the number of employees on a job location and change the roles of the remaining employees in ways that reduce their exposure to safety hazards. We believe that this reduced exposure to active areas of a job location has led to fewer safety incidents in a service line which has a high concentration of employees. We have long been dedicated to recruiting and hiring recently discharged military personnel. The skills and attributes that they gained while serving our country are valuable and could not be gained through any other means, and dedicated resources undertake this recruiting effort at our company. In 2019 our pressure pumping service line received the U.S. Department of Labor's "2019 Hire Vets Medallion Award" in recognition of this effort and its success. RPC has always believed in the long-term value of education, and has demonstrated this belief through a college scholarship program for the children of employees. This program, which awards four-year college scholarships based on merit, parents' tenure, and need has invested more than $1 million to support hundreds of children of employees as they earn college degrees. A number of these college graduates have come to work for RPC and have followed their parents to become valuable employees. RPC and its subsidiaries have regularly participated in efforts to support the communities in which we live. We have participated in the United Way Campaign in the city in which our corporate headquarters is located for more than 30 years. In addition, we have sponsored several emergency relief efforts following natural disasters, such as hurricanes and tornados, in communities in which our field offices are located. RPC has diligently complied with the Dodd-Frank Act's Conflict Minerals Disclosure rule since the inception of the regulation. While the information we receive from our suppliers does not fully reveal the source of all conflict minerals that we use, our due diligence procedures have not revealed that any of the countries covered under this rule supply conflict minerals to RPC. During 2018 and 2019, RPC generated less than one percent of its revenues from countries which ranked in the bottom 20 of the 180 countries ranked by the Transparency International Corruption Perceptions Index. Governance with a Long-Term Orientation RPC's peer-leading financial strength, which features a debt-free balance sheet and a strong cash balance, allows it to focus on equipment maintenance and investment, operational requirements and new technology initiatives without the distractions caused by financial difficulties. Our financial strength enhances our ability to serve our customers better without concern about our long-term viability as an oilfield services provider and gives our shareholders confidence that we will remain viable over many oilfield cycles. Corporate Responsibility Contact: Jim Landers Vice President Corporate Services Telephone: (404) 321-2162 JLanders@rpc.net 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