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CUDD Talks Frac/Pressure Pumping Market In 2015
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RPC, Inc. announced its unaudited results for the fourth quarter ended December 31, 2014, including detailing the results of affiliate CUDD Energy Services. The company details horsepower growth, price concessions, and more.
See Also: Canadian Pressure Pumper Adding Additional HP in 2015
Some highlights of the company's conference call Q&A session (full transcript here) are detailed below, including horsepower, cost concessions, backlog and more.
RPC's Key Operating Areas:Source: RPC December 2014 Presentation
The company's pressure pumping sector (CUDD Energy Services) dominates 55% of the company's revenues. As a result, it has taken steps to boost its horsepower over recent quarters and has detailed forward expansion as well (detailed below).
Source: RPC December 2014 Presentation
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