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

Disclaimer:

Certain statements and information included within this Web site contain and constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include our statements regarding our belief that sources of supply for various of our raw materials are adequate; our belief that the long-term prospects for our business are favorable due to the continued demand for oil and natural gas; our belief that the long-term demand outlook for natural gas is still favorable in spite of near-term price weakness; our belief that oil-directed drilling will continue to represent the majority of the total drilling rig count in the immediate future; our expectation to continue to focus on the development of international business opportunities in current and other international markets; our ability to obtain other customers in the event of a loss of our largest customers; the adequacy of our insurance coverage; the impact of lawsuits, legal proceedings and claims on our business and financial condition; our expectation to continue to pay cash dividends to the common stockholders subject to the earnings and financial condition of the Company and other relevant factors; our intention to increase our presence in areas in which drilling activity is directed towards oil; our belief that continued increases in U.S. domestic rig count during 2012 are unlikely; our belief that the trend of an increased percentage of oil-directed drilling and a decreased percentage of gas-directed drilling will continue in the near term; our belief that an increase in the supply in oilfield equipment in our markets can cause a decrease in the price we receive for our services if commodity prices and drilling activity do not also increase and that this effect may be more pronounced in the current environment; our expectation that our consolidated revenues and financial performance will improve in 2012 compared to 2011; our ability to maintain sufficient liquidity and a conservative capital structure; our belief about the amount of the contribution to the defined benefit pension plan in 2012; our ability to fund capital requirements in the future; the estimated amount of our capital expenditures and contractual obligations for future periods; estimates made with respect to our critical accounting policies; and the effect of new accounting standards. 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, 2011.

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