$ 4.03 $ -0.17 -4.05% Menu SERVICE LINES RPC's business segments are: Technical Services and Support Services. TECHNICAL SERVICES PRESSURE PUMPING RPC's largest service line is pressure pumping, which accounted for approximately 37 percent of RPC's 2020 revenues. Pressure pumping is a stimulation service that involves fracturing or acidizing a formation to initiate or stimulate production in new and existing customer wells, either at the completion of drilling or later in the well's life cycle. It is especially useful in unconventional completion activities, where exposing additional surface area in a formation is critical to enhanced flow of hydrocarbons from the formation. Because of the growth of shale-related production activities, our customers' need for high-capacity, high-quality pressure pumping services has grown tremendously. This service line has received the majority of our capital investments and is responsible for a significant amount of our growth. Pressure pumping services involve using complex, truck-mounted equipment, so the mobility of this equipment permits our services to be performed in various geographic areas. RPC provides these services to customers in a number of U.S. domestic oil and gas producing regions focused in unconventional basins. DOWNHOLE TOOLS (THRUTUBING SOLUTIONS) RPC's downhole tools service line is dedicated to the coiled tubing and snubbing industry, specializing in working downhole tools under pressure during various fishing and drilling operations. This service line accounted for approximately 34 percent of RPC's revenues in 2020. Our downhole tools service line engineering department has developed a complete line of downhole equipment, some proprietary in nature. This service line continues to lead its segment of the industry with the development of several new applications. Downhole situations are unpredictable, so determining the best method for solving downhole problems requires visualization skills and the ability to apply the best engineering solution. Our engineering staff understands the mechanical and fluid parameters of any downhole tool assignment. Because our services are especially suited for unconventional drilling and completion activities, the service line has experienced significant growth over the past several years. In addition to our domestic success, we now have regular opportunities in several international markets. COILED TUBING Coiled tubing is a continuous reel of steel tubing that is unwound, straightened and inserted into a well to perform a variety of services in diverse environments. Coiled tubing is mobile, and because of its versatility can be tripped in and out of a well more quickly than conventional tubing. In many cases it enables the well to continue producing during well-servicing operations. RPC was a pioneer in coiled tubing, and today we see renewed interest in this market due to the unique requirements of unconventional wells and the enhanced capabilities of larger diameter coiled tubing strings for use in these completion activities. Coiled tubing accounted for approximately 9 percent of 2020 revenues. SNUBBING Approximately 1% of 2020 revenues, snubbing-hydraulic workover has been an important service line due to its specialization. Snubbing-hydraulic workover is a well intervention service that uses a portable, hydraulic workover rig and crew to repair damaged casing, production tubing and downhole production equipment in a high-pressure environment and even to replace downhole equipment while maintaining pressure on the well. Snubbing-hydraulic workover requires significant experience and knowledge to perform this service safely and efficiently; therefore, this service is a small, specialized segment of the oil and gas industry. Hydraulic workover is increasingly used in unconventional completions which have extremely long lateral wellbores that coiled tubing cannot effectively service. NITROGEN Nitrogen is a safe, noncombustible and noncorrosive substance and has a variety of oilfield uses. It is used to complement several of our other service lines, including coiled tubing and snubbing and pressure pumping. There are a number of uses for nitrogen, an inert, noncombustible element, in providing services to oilfield customers and industrial users outside of the oilfield. For our oilfield customers, nitrogen can be used to clean drilling and production pipe and displace fluids in various drilling applications. Nitrogen can also be used to create a fire-retardant environment in hazardous blowout situations and as a fracturing medium for our fracturing service line. Specialized equipment is required to deliver nitrogen safely and effectively to the well site. Nitrogen accounted for approximately 5 percent of RPC's revenues in 2020. WELL CONTROL Well Control specializes in responding to and controlling oil and gas well emergencies, including blowouts and well fires domestically and internationally. It is a service line we are known for in the industry. The Company's professional firefighting staff has many years of aggregate industry experience in responding to well fires and blowouts, and the successful performance of this service often leads to additional service opportunities. We perform these services all over the world and on short notice. In the past few years we have performed well control work in most oil-producing regions around the world. While well control accounted for less than 1 percent of RPC's 2020 revenues, it remains an important component of our service offerings. WIRELINE A wireline unit is used to run tools down a wellbore to perform many functions. Wireline can be used in logging to learn about formation properties, to run completion tools, or to retrieve lost equipment. Electric wireline runs electrically powered wireline tools. PATTERSON RENTAL TOOLS The rental tools service line is the largest part of our support services segment and accounted for approximately 4 percent of RPC revenues in 2020. This service line rents equipment to customers for use in both onshore and offshore oil and gas well drilling, as well as completion and workover activities. Usually, operators and drilling contractors find it more economical to supplement their tool and tubular inventories with rental items instead of owning a complete collection of tools. Other services include flowback, well testing, surface control, and pumping equipment services to the oil and gas industry. Our facilities are located to serve major staging points for oil and gas activities throughout the Gulf Coast, Mid-Continent and Rocky Mountain regions for use in both onshore and offshore oil and gas well drilling, completion and workover activities. Our rental tools service line has some of the highest exposure to U.S. domestic oil production of any of our service lines due to the strategic placement of our facilities. SUPPORT SERVICES PATTERSON TUBULAR SERVICES Our pipe inspection services include Full Body Electro- Magnetic and Phased Array Ultrasonic Inspection of pipe used in oil and gas wells. These services are provided at both the Company’s inspection facilities and at pipe mills in accordance with negotiated sales and/or service contracts. Our customers are major oil companies and steel mills, for which we provide in-house inspection services, inventory management and process control of tubing, casing and drill pipe. Our locations near the Gulf Coast are equipped with large-capacity cranes, specially designed forklifts and a computerized inventory system to serve a variety of storage and handling services for both oilfield and non-oilfield customers. Pipe inspection services accounted for approximately 2 percent of 2020 revenues. WELL CONTROL SCHOOL Less than 1% of total 2020 revenues, Well Control School provides industry and government-accredited training to industry personnel, including System 21 training solutions. System 21 is the only interactive CD-ROM-based blowout prevention program that has been approved by the Mineral Management Service (a division of the Department of the Interior) and awarded full accreditation from the International Association of Drilling Contractors WellCap Committee. It allows students to complete certification in Drilling, Well Completion/Workover, Well Servicing and Subsea. ENERGY PERSONNEL INTERNATIONAL This team of engineers and consultants provides experienced project management personnel to field workover programs and optimization projects. SCROLL 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