Rpc Overview

RPC Inc. is an oil and gas services company with numerous service lines well positioned to take advantage of high levels of exploration and production activities. In addition, RPC provides on-going maintenance and emergency services to the oil and gas services industry. The company's capital position also allows it to pursue attractive growth opportunities. Business Segments RPC reports its revenues using a technical services segment and a support services segment. Technical Services includes the service lines that utilize people and equipment to perform value-added maintenance, production and completion services directly to a customer's well. Support Services is primarily comprised of the services that provide equipment for customer use or services to assist customer operations. RPC's services are used in different parts of the drilling and production process, and we have initiated the cross-selling of some complementary services. Having a broad expertise across different services lines allows us to make prudent strategic decisions in a largely fragmented market. Our goal is to maximize shareholder value and minimize earnings fluctuations in the traditionally cyclical oilfield services business. We are disciplined in maintaining our existing fleet of equipment so we can provide safe and reliable services for our customers. To generate higher growth rates, we have invested our available cash flow. Our managers have selected their capital investments well, as our growth in revenues and cash flow reflects. Technical Services These services are normally performed at a price and a time that produces a tangible return on investment; also, they are not considered a commodity. The business lines within the Technical Services segment offer services that all oil and natural gas exploration and production companies require, but are unlikely to offer in-house for a variety of reasons. These businesses typically have high financial barriers to entry, require personnel with specific experience and training, and can be dangerous. These services are generally directed toward improving the flow of oil and natural gas from producing formations or to address well control issues. A team of highly experienced professionals supports RPC's reputation for problem solving, innovation and technological leadership. They are trained to perform safely and cost-effectively and are backed by thorough engineering support. Support Services The Support Services reporting segment provides equipment and services for use primarily during drilling. This segment includes rental tools and tubulars. These items are often outsourced by exploration and production companies because of the extensive inventory maintenance and upkeep that they require. RPC's Well Control School is also included in this segment.

http://www.rpc.net