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RPC, Inc. Announces First Quarter 2023 Share Repurchases
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(Neutral)
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buyback
ATLANTA, April 3, 2023 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today that during the first quarter of 2023 it purchased 1,132,364 shares for approximately $9.0 million under its share repurchase program.
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
Jim Landers Vice President Corporate Services (404) 321-2162 jlanders@rpc.net
rpc, inc. is a holding company traded on the new york stock exchange under the ticker symbol res. the company provides oilfield services and equipment to independent and major oilfield companies in exploration, production and development of oil and gas properties, domestically and in selected international markets. rpc offers a wide range of oil and gas services required throughout the life cycle of a well. the company has a history of acquisitions and transactions to increase shareholder value, while maintaining a conservative balance sheet. rpc plans to continue its growth through increasing market share, completing acquisitions, and expanding geographically. the company’s operating business units include cudd energy services, patterson services, and bronco oilfield services. rpc (nyse:res) is an international oil and gas services company that provides both technical and support services to exploration and production companies.