RPC - An Oil & Gas Services Company About RPC
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About RPC
Company History
Company History
RPC Inc. is an oil and gas services company with numerous service lines well positioned to take advantage of high levels of exploration and production activities. In addition, RPC provides on-going maintenance and emergency services to the oil and gas services industry. The company's capital position also allows it to pursue attractive growth opportunities.

Business Segments
RPC reports its revenues using a technical services segment and a support services segment. Technical Services includes the service lines that utilize people and equipment to perform value-added maintenance, production and completion services directly to a customer's well. Support Services is primarily comprised of the services that provide equipment for customer use or services to assist customer operations. 

RPC's services are used in different parts of the drilling and production process, and we have initiated the cross-selling of some complementary services. Having a broad expertise across different services lines allows us to make prudent strategic decisions in a largely fragmented market. Our goal is to maximize shareholder value and minimize earnings fluctuations in the traditionally cyclical oilfield services business.

We are disciplined in maintaining our existing fleet of equipment so we can provide safe and reliable services for our customers. To generate higher growth rates, we have invested our available cash flow. Our managers have selected their capital investments well, as our growth in revenues and cash flow reflects.

Technical Services
These services are normally performed at a price and a time that produces a tangible return on investment; also, they are not considered a commodity. The business lines within the Technical Services segment offer services that all oil and natural gas exploration and production companies require, but are unlikely to offer in-house for a variety of reasons. These businesses typically have high financial barriers to entry, require personnel with specific experience and training, and can be dangerous. These services are generally directed toward improving the flow of oil and natural gas from producing formations or to address well control issues. A team of highly experienced professionals supports RPC's reputation for problem solving, innovation and technological leadership. They are trained to perform safely and cost-effectively and are backed by thorough engineering support.

Support Services
The Support Services reporting segment provides equipment and services for use primarily during drilling. This segment includes rental tools and tubulars. These items are often outsourced by exploration and production companies because of the extensive inventory maintenance and upkeep that they require. RPC's Well Control School is also included in this segment.
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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