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RPC, Inc. Reports Stock Buyback |
ATLANTA--(BUSINESS WIRE)--Jan. 13, 2003--RPC, Inc. (NYSE: RES) today reported that during its fiscal quarter ended December 31, 2002, it had purchased for cash on the open market, and retired, a total of 23,200 shares of its $0.10 par value common stock.
The stock buyback program authorizes the repurchase of up to two million shares.
RPC is a leading provider 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 and Rocky Mountain regions, and in selected international markets. RPC's oil and gas services operating subsidiaries include Cudd Pressure Control, Inc., Patterson Services, Inc., and Patterson Tubular Services, Inc. RPC's investor Web site can be found on the Internet at www.rpc.net.
CONTACT: RPC, Inc.
Ben M. Palmer, 404/321.2140
irdept@rpc.net
or
Jim Landers, 404/321-2162
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