RPC is a holding company for several oilfield service operating companies, all of which have a history of conservative operating philosophies. RPC’s corporate management philosophy throughout the years has been characterized by a long-term view of the oilfield operating cycles and a conservative capital structure, which are partially responsible for our historically high returns on invested capital. RPC currently operates a number of products and services offered throughout the life cycle of a well. However, three service lines which account for more than 80% of RPC’s revenues have benefited tremendously from the growth in directional and horizontal completion in the U.S. land market. These services serve our customers equally in natural gas and oil-directed completion operations. RPC continues to seek out growth opportunities which will yield a high return on invested capital over time. |
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