Financial Times  Jun 9  Comment 
Deal will increase UK group’s presence in plastic packaging products
The Times of India  May 2  Comment 
SKF has secured a one-year contract extension, worth approximately SEK 100 million, with JSC Tikhvin Freight Car Building Plant, a subsidiary of Research and Production Company United Wagon Company (RPC UWC), a Russian railway holding company.
newratings.com  Apr 27  Comment 
WASHINGTON (dpa-AFX) - RPC Inc. (RES), an oilfield services holding company, reported Wednesday that its first-quarter net loss was $32.51 million or $0.15 loss per share, compared to net income of $7.55 million or $0.04 per share last year. On...
The Hindu Business Line  Apr 20  Comment 
Kaushik Chatterjee has joined Pincon Spirit Ltd as the Chief Executive Officer of the company.  Prior to joining Pincon, Chatterjee was the Chief Operating Officer of United Spirits Ltd - RPC ...
Benzinga  Mar 17  Comment 
Morgan Stanley’s Ole Slorer said that companies with pristine balance sheets had significantly outperformed onshore service peers, which made their risk-rewards less favorable, while there seems to be better value in companies with similar...
Benzinga  Mar 7  Comment 
Iberia’s Robert MacKenzie expects the U.S. Fracturing Market to recover by 4Q17, and believes that RPC, Inc. (NYSE: RES) and Basic Energy Services, Inc (NYSE: BAS) are poised to benefit from this. “Our analysis indicates that a combination...



RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oil and gas 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, Rocky Mountain and Appalachian regions, and in selected international markets. The services and equipment provided include, among others, (1) pressure pumping services, (2) coiled tubing services, (3) snubbing services (also referred to as hydraulic workover services), (4) nitrogen services, (5) the rental of drill pipe and other specialized oilfield equipment, (6) downhole tool rental services and (7) firefighting and well control. RPC acts as a holding company for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School, and others. As of December 31, 2009, RPC had approximately 2,000 employees.[1]

Business Segments

RPC’s service lines have been aggregated into two reportable oil and gas services business segments: Technical Services and Support Services.

Technical Services

Include RPC’s oil and gas service lines that utilize people and equipment to perform value-added completion, production and maintenance services directly to a customer’s well. The demand for these services is generally influenced by customers’ decisions to invest capital toward initiating production in a new oil or natural gas well, improving production flows in an existing formation, or to address well control issues. This business segment consists primarily of pressure pumping, coiled tubing, snubbing, nitrogen, well control, downhole tools, wireline and fishing. The principal markets for this business segment include the United States, including the Gulf of Mexico, mid-continent, southwest, Rocky Mountain, and Appalachian regions, and contract or project work in selected international locations in the last three years including primarily Africa, Canada, China, Eastern Europe, Latin America, the Middle East and New Zealand. Customers include major multi-national and independent oil and gas producers, and selected nationally owned oil companies.

Support Services

Include RPC’s oil and gas service lines that primarily provide equipment for customer use or services to assist customer operations. The equipment and services include drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training services. The demand for these services tends to be influenced primarily by customer drilling-related activity levels. The principal markets for this segment include the United States, including the Gulf of Mexico, mid-continent, Rocky Mountain and Appalachian regions and project work in selected international locations in the last three years including primarily Canada, Latin America and the Middle East. Customers primarily include domestic operations of major multi-national and independent oil and gas producers, and selected nationally owned oil companies.

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2009 REP 10k [2]

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