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RPC, Inc. Announces Regular Quarterly Cash Dividend

ATLANTA, July 24, 2013 - RPC, Inc. (NYSE: RES) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.10 per share payable September 10, 2013 to common stockholders of record at the close of business on August 9, 2013. 

 

RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets.  RPC’s investor website can be found at www.rpc.net.

 

For information about RPC, Inc. or this event, please contact:

 

Ben Palmer

Chief Financial Officer

(404) 321-2140

irdept@rpc.net

 

Jim Landers

Vice President, Corporate Finance

(404) 321-2162

jlanders@rpc.net
Jul 24, 2013
Disclaimer:
Certain statements and information included in this website constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including all statements that look forward in time or express managementís beliefs, expectations or hopes. In particular, such statements include, without limitation, the impact of the expiration of contractual arrangements in our pressure pumping service line during 2012; our exposure to spot market pricing in our pressure pumping service line; the appropriateness of the geographic distribution of our equipment and personnel; and our belief that our capital expenditures for new equipment in 2013 will be lower than in 2012. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RPC to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Such risks include changes in general global business and economic conditions; drilling activity and rig count; risks of reduced availability or increased costs of both labor and raw materials used in providing our services; the impact on our operations if we are unable to comply with regulatory and environmental laws; turmoil in the financial markets and the potential difficulty to fund our capital needs; the potentially high cost of capital required to fund our capital needs; the possibility that the recent growth in unconventional exploration and production activities may cease or change in nature so as to reduce demand for our services; the actions of the OPEC cartel, the ultimate impact of current and potential political unrest and armed conflict in the oil-producing regions of the world, which could impact drilling activity; adverse weather conditions in oil or gas producing regions, including the Gulf of Mexico; competition in the oil and gas industry; an inability to implement price increases; risks of international operations; and our reliance upon large customers. Additional discussion of factors that could cause the actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in RPC's Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2012.

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