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Gary Kolstad Appointed to the RPC, Inc. Board of Directors

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RPC Inc (NYSE: RES) has announced the appointment of Gary Kolstad to its Board of Directors. Kolstad brings significant industry expertise with a B.S. in petroleum engineering and extensive experience in the oil and gas services sector.

Kolstad's background includes serving as Chairman and CEO of public and private companies, following a lengthy career in various oilfield services positions at a major international oil and gas services company. He currently holds multiple Advisory Board Member and Investor positions.

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Positive

  • Addition of experienced industry veteran with petroleum engineering background to the board
  • Brings diverse leadership experience as former Chairman and CEO of public and private companies

Negative

  • None.

News Market Reaction 9 Alerts

-5.22% News Effect
-$58M Valuation Impact
$1.05B Market Cap
0.2x Rel. Volume

On the day this news was published, RES declined 5.22%, reflecting a notable negative market reaction. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $58M from the company's valuation, bringing the market cap to $1.05B at that time.

Data tracked by StockTitan Argus on the day of publication.

(PRNewsfoto/RPC, Inc.)

ATLANTA, July 14, 2025 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today the appointment of Gary Kolstad to the Board of Directors of the Company. Kolstad holds a B.S. Degree from Montana Technological University in petroleum engineering and studied Psychology and Engineering at Montana State University-Bozeman. After a long career in various oilfield services positions at a large, international oil and gas services company, he served as Chairman and CEO of public and private companies and currently holds multiple Advisory Board Member and Investor positions.

Richard A. Hubbell, Chairman of the Board of RPC, Inc. stated, "Gary Kolstad's industry experience has been beneficial to the boards on which he has served. We look forward to his contributions to our board in the years ahead."

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 properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. RPC's investor website can be found on the internet at RPC.net.

For information about RPC, Inc. or this event, please contact:

Michael L. Schmit
Chief Financial Officer
(404) 321-2140
irdept@rpc.net

Joshua Large
Vice President, Corporate Finance and Investor Relations
(404) 321-2152
jlarge@rpc.net

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/gary-kolstad-appointed-to-the-rpc-inc-board-of-directors-302504690.html

SOURCE RPC, Inc.

FAQ

Who is Gary Kolstad and what is his new role at RPC Inc (NYSE: RES)?

Gary Kolstad has been appointed to RPC Inc's Board of Directors. He is an industry veteran with a petroleum engineering degree who previously served as Chairman and CEO of public and private companies.

What is Gary Kolstad's educational background?

Gary Kolstad holds a B.S. Degree in petroleum engineering from Montana Technological University and studied Psychology and Engineering at Montana State University-Bozeman.

What experience does Gary Kolstad bring to RPC Inc's board?

Kolstad brings extensive oilfield services experience, having worked at a major international oil and gas services company, served as Chairman and CEO of public and private companies, and currently holds multiple Advisory Board Member positions.

What is RPC Inc's (NYSE: RES) main business focus?

RPC Inc provides specialized oilfield services and equipment to independent and major oilfield companies across the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and select international markets.
Rpc Inc

NYSE:RES

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1.22B
89.65M
59.34%
42.49%
7.61%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
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United States
ATLANTA