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RPC, INC. REPORTS STOCK BUYBACK |
ATLANTA, October 10, 2003 -- RPC, Inc. (NYSE: RES) today reported that during its fiscal quarter ended September 30, 2003, it had purchased for cash on the open market, and retired, a total of 82,800 shares of its $0.10 par value common stock under its stock buyback program. 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 .
For information contact:
BEN M. PALMER Chief Financial Officer
404.321.2140
JIM LANDERS
Corporate Finance
404.321.2162
irdept@rpc.net
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