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RPC Inc.
20 articles mentioning RPC Inc.
Contrary to the Noise from Top Service Companies; Activity to Slow For Remainder 2024
Contrary to what frac / service companies are saying, we believe we will see a drastic fall off in activity for the remainder of the year in drilling and frac/completion services. Let's first review the narrative...
RPC Inc. Shuffles Management Team
RPC, Inc. announced several changes within its senior leadership team and among its Board of Directors. The following changes to RPC's Executive Officers and Board of Directors are effective immediately: The transition of Richard A. Hubbell,...
RPC Inc. Taps New Board Member
RPC, Inc. announced the appointment of Patrick J. Gunning to the Board of Directors of the Company effective January 1, 2021. Gunning will fill an upcoming board opening by the retirement of James B. Williams on...
RPC Inc. Announces Passing of Board Chairman
RPC, Inc. has announced the passing of R. Randall Rollins, the Company's Chairman of the Board, Rollins died peacefully following a short illness on August 17, 2020. He was 88 years old. Long-standing Board Member Henry...
Updated : Frac Companies Permanently Retire 2.4 Million Horse Power
Updated : 12/12/2019 : Basic Energy Services said it is exiting the frac market, selling/dismantling its 500,000 HHP. Updated : 12/11/2019 : Superior (PumpCo) laid off its entire frac division (112 employees). As part of our...
Pressure Pumper to Close Rockies Operation; Retire Frac Fleets
Yesterday RPC Inc., the parent company for Cudd Energy Services, talked about their plans for surviving the slow-down in the completion business. The company talked about various strategies it plans to employ including retiring equipment, moving...
RPC/Cudd Energy Services Reducing Fleets, Cutting Staff; Revenue Down 33% YOY
RPC, Inc. reported its Q3 2019 results. Here are the highlights. They say a picture is worth a thousand words. Most times, well service providers expecially those in the frac business would have you focus on...
RPC Inc. Q3 2019 Report
RPC, Inc. reported its Q3 2019 results. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas...
RPC's Q2 / Outlook: D&C to Decline in 2H19; Zipper Frac, Regional Activity
RPC Inc. reported its Q2 2019 results - here are the highlights. RPC's revenues decreased compared to the prior year primarily due to lower pricing, lower activity levels and an unfavorable materials mix within RPC's pressure...
RPC Q1: Pressure Pumping Oversupply, Erratic Activity; IDs Things That May Help
RPC Inc. reported its Q1 2019 results. Below are the highlights from its report and conference call. Erratic Activity Levels; Pressure Pumping Market Oversupplied Just like Schlumberger, Halliburton and the other service execs, RPC President &...
RPC's Pressure Pumping Division Hit by Q4 Slowdown
RPC, Inc. detailed its Q4 2018 results and talked about its outlook for 2019 in its conference call. The company echoed what Halliburton and Schlumberger noted, that budgets / drilling activity seem to be declining for...
RPC, Cudd Energy Reactivate Idle Frac Fleet
For the quarter ended March 31, 2017, revenues increased 57.7 percent to $298.1 million compared to $189.1 million in the first quarter of last year. In particular, the continued trend of increasing service intensity of completion...
Debt-Free RPC Inc. Touts 1Q16 Cash Position Despite Activity Lull
At the end of the quarter, our balance sheet showed $108.3 million in cash, and we have been debt-free since the fourth quarter of 2015.
RPC Braces for 2016 as Rig Activity Declines in 4Q15
RPC, Inc. announced its unaudited results for the fourth quarter ended December 31, 2015.
RPC Continues Debt Reduction in Q3
Balance on our syndicated credit facility declined to $19.5 million at the end of the third quarter.
RPC/CUDD Keeping 30% of Fleet Idle, Service Intensity Increases
While rig count and utilization is down in 2015, service intensity is only increasing.
CUDD Talks Frac/Pressure Pumping Market In 2015
Some highlights of the company's conference call Q&A session are detailed
Pressure Pumping Demand Boosts RPC's 2Q Financials
RPC's revenues for the quarter ended June 30, 2014 increased by $81.1 million or 16.2 percent compared to the first quarter of 2014.
RPC Feeling Pressure From Competitive Service Market
For the quarter ended September 30, 2013, revenues increased 4.0 percent to $491.1 million compared to $472.4 million in the third quarter of last year. Revenues increased compared to the prior year primarily due to higher...
Cudd Energy Drops $1.5MM to Upgrade Hydraulic Fracturing Fleet
APG expects the installations to be completed during the next two calendar quarters in conjunction with the scheduled completion of the Memo 1A Testing.