RPC - An Oil & Gas Services Company About RPC
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About RPC
Company History
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


Certain statements and information found on 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, our belief that our balance sheet allows us to take advantage of any strategic opportunities that may arise. 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 impact of the level of unconventional exploration and production activities may cease or change in nature so as to reduce demand for our services, 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, 2013.

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