RPC

What RPC does

RPC, Inc. (NYSE: RES; formerly P10, Inc., rebranded March 2026) is a publicly traded, diversified oilfield services company headquartered in Atlanta, Georgia, founded in 1984. The company provides specialized services to independent and major oil and gas exploration and production companies operating primarily in U.S. unconventional basins—the Permian Basin, Gulf Coast, Mid-Continent, and Rocky Mountain regions—with selected international operations and a new Dubai office opened in 2026. RPC's service portfolio spans the well life cycle and is organized into two segments: Technical Services (pressure pumping, wireline, downhole tools, coiled tubing, cementing, snubbing, nitrogen, and well control) and Support Services (rental tools, tubular services, and well control training), delivered through wholly-owned subsidiaries including Cudd Energy Services, Cudd Well Control, Patterson Services, Patterson Tubular Services, Spinnaker Oilwell Services, Thru Tubing Solutions, Well Control School, and Pintail Completions.

RPC's core technology is centered on specialized mobile oilfield equipment and proprietary downhole tools developed by its in-house engineering department. Notable technical differentiators include 3000 HP Tier IV pressure pumping fleets described as unique in the U.S. land market, dual-fuel pressure pumping equipment that runs on natural gas, a fully natural gas-powered frac pump under testing, the A10 downhole motor, a proprietary zonal isolation mechanism that reduces water usage and horsepower requirements, and "unplugged" technology gaining market share. The company also operates water recycling and treatment infrastructure (21M barrels recycled and 36M barrels treated in 2022) and runs an industry-accredited training program (Well Control School) that has certified over 85,000 students globally.

RPC's business model is usage-based, with revenue generated from services performed at customer well sites using its equipment and personnel (Technical Services) plus off-site equipment rental, pipe inspection, and training (Support Services). Pricing is project-based and quote-driven rather than publicly disclosed. The company sells through direct enterprise field sales to oil and gas operators, with three service lines accounting for over 80% of revenue and benefiting from the growth in directional and horizontal completions in the U.S. land market. RPC maintains a debt-free balance sheet with over $163M in cash, supports an active dividend, and has pursued inorganic growth through acquisitions including Spinnaker Oilwell Services ($79.5M, 2023) and Pintail Completions ($245M, 2025). In 2026, the company announced CEO Ben Palmer's planned retirement before year-end, initiated a CEO search, and made a strategic investment in Topcon Solutions Stores to expand into digital construction technology.

Name

RPC

Legal name

RPC, Inc.

Website

https://rpc.net

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

RPC, Inc. (NYSE: RES) is a publicly traded, diversified oilfield services company that provides pressure pumping, coiled tubing, downhole tools, wireline, cementing, snubbing, well control, and rental services to independent and major oil and gas operators across U.S. unconventional basins, delivered through subsidiaries including Cudd Energy Services and Patterson Services.

Ownership category

akta.pro rank

Product category

Oilfield Services

NAICS

Support Activities for Oil and Gas Operations (213112), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Drilling Oil and Gas Wells (213111)

SIC

Oil & Gas Field Services, Nec (1389), Drilling Oil & Gas Wells (1381), Oil & Gas Field Machinery & Equipment (3533), Pumps & Pumping Equipment (3561)

akta.pro primary industry

OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM)

akta.pro secondary industries

Pressure Pumping & Stimulation (Hydraulic Fracturing, Acidizing) (EUALABAF), Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH), Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE)

Keywords

• Oilfield services
• Pressure pumping
• Well intervention
• Coiled tubing services
• Well control services

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Technical Services: Revenue from service lines generating revenue based on equipment, personnel, or materials at the well site, closely aligned with completion and production activities. Includes pressure pumping, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing. High capital and personnel-intensive businesses.
2. Support Services: Revenue from services and equipment offered off the well site, closely aligned with customers' drilling activities. Includes drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training services. Demand influenced by customer drilling-related activity levels.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

RPC, Inc. provides specialized oilfield services to independent and major oil and gas companies operating in the United States and selected international markets. Its Technical Services include pressure pumping, coiled tubing, wireline, downhole tools, cementing, snubbing, nitrogen, and well control performed at the well site. Its Support Services include rental tools, tubular services, and well control training delivered off the well site, closely tied to customer drilling activities.

Product overview

RPC, Inc. is a diversified oilfield services company offering a comprehensive portfolio of technical and support services across the life cycle of oil and gas wells. The company's Technical Services segment includes Pressure Pumping, Wireline, Downhole Tools, Coiled Tubing, Cementing, Snubbing, Nitrogen, and Well Control services—high-capital, personnel-intensive businesses closely aligned with customer completion and production activities. Support Services include Rental Tools and Tubular Services, which generate revenue from services offered off the well site aligned with drilling activities. RPC operates through multiple subsidiaries including Cudd Energy Services, Cudd Well Control, Patterson Services, Patterson Tubular Services, Spinnaker Oilwell Services, Thru Tubing Solutions, and Well Control School, each providing specialized capabilities that together form an integrated service offering. The company also offers water recycling services and operates a training division for well control certification.

Differentiator

Problem solved

Functional benefit

Brands

• Cudd Energy Services: Pressure pumping and well intervention services
• Cudd Well Control
• Patterson Services
• Patterson Tubular Services
• Well Control School
• Spinnaker Oilwell Services
• Thru Tubing Solutions
• Pintail Completions

Products and services

• Pressure Pumping A stimulation service involving fracturing or acidizing a formation to initiate or stimulate production in new and existing customer wells. Especially useful in unconventional completion activities where exposing additional surface area is critical to enhanced flow of hydrocarbons.
• Wireline Running tools down a wellbore to perform logging, run completion tools, or retrieve lost equipment. Includes electric wireline with electrically powered tools. Expanded with Pintail Completions acquisition for wireline perforation services.
• Downhole Tools Specialized downhole equipment for coiled tubing and snubbing operations, including proprietary tools developed by RPC's engineering department. Used for fishing and drilling operations under pressure.
• Coiled Tubing Continuous reel of steel tubing unwound, straightened and inserted into a well to perform various services. Enables wells to continue producing during well-servicing operations and is suited for unconventional wells with larger diameter strings.
• Cementing Sealing the wellbore after casing by developing cement slurry, pumping it through the wellbore, and allowing it to harden. Also used to seal lost circulation zones and plug wells at end of life cycle. Expanded via Spinnaker Oilwell Services acquisition.
• Snubbing Hydraulic workover service using portable rigs to repair damaged casing, production tubing, and downhole equipment in high-pressure environments while maintaining well pressure. Increasingly used in unconventional completions with long lateral wellbores.
• Nitrogen Inert, noncombustible gas used to clean drilling and production pipe, displace fluids, create fire-retardant environments, and as a fracturing medium. Complements coiled tubing, snubbing, and pressure pumping service lines.
• Well Control Managing and resolving oil and gas well emergencies including blowouts and well fires worldwide. Provides pressure control, engineering, relief well planning, and critical well intervention services through Cudd Well Control subsidiary.
• Rental Tools Equipment rental for onshore and offshore oil and gas drilling, completion, and workover activities. Includes flowback, well testing, surface control, and pumping equipment services. Facilities located throughout Permian Basin, Gulf Coast, Mid-Continent, and Rocky Mountain regions.
• Tubular Services Full Body Electromagnetic and Phased Array Ultrasonic inspection of pipe at company facilities and pipe mills. Includes inventory management and process control of tubing, casing, and drill pipe for major oil companies and steel mills.
• Well Control School

Quantifiable outcome

• Recycled 21 million barrels of water in 2022
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Topcon Solutions StoresminorStrategic or Co-development Partner · 1 February 2026RPC made a strategic investment in Topcon Solutions Stores, Topcon Positioning Systems' U.S. retail and service network, to accelerate digital construction technology adoption across the United States. The transaction strengthens Topcon's ability to support contractors through advanced positioning technology, automation tools and digital workflows across 14 locations serving 22 states. The investment is driven by long-term trends including housing shortages, infrastructure investment and aging assets in the U.S. construction market.
• Spinnaker Oilwell Services, LLCcoreStrategic or Co-development Partner · 1 July 2023RPC acquired Spinnaker Oilwell Services, LLC for $79.5 million, effective July 1, 2023. Spinnaker is a provider of oilfield cementing services in Oklahoma and New Mexico. The acquisition aims to expand RPC's cementing services into new basins and regions.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Weatherford International: Oilfield services company providing drilling, evaluation, and completion services including pressure pumping and well intervention. Closely aligned with RPC's well construction and intervention offerings.
• ProPetro Holding: Pure-play U.S. hydraulic fracturing and completion services provider focused on Permian and other unconventional basins. Direct competitor to RPC's pressure pumping franchise.
• Core Laboratories: Oilfield services provider of reservoir description and production enhancement services. Comparable as a U.S. land-focused technical oilfield services peer serving E&P customers.
• Halliburton: One of the world's largest oilfield services companies with a leading North America pressure pumping, completion, and well intervention franchise. Directly comparable to RPC across hydraulic fracturing, coiled tubing, and downhole tools.
• Oceaneering International: Provider of engineered services and products including intervention tools, subsea installation, and inspection. Comparable to RPC's downhole tools and well intervention service lines.
• Liberty Energy: U.S. land-focused oilfield services company specializing in hydraulic fracturing, with growing wireline and proppant logistics. Closely comparable to RPC's pressure-pumping-centric North America business.

Emerging players

• Archrock: Provider of natural gas compression services and aftermarket services for oil and gas customers. Adjacent comparison to RPC's well-site equipment and support services model.
• Select Water Solutions: U.S. water-focused oilfield services company supporting hydraulic fracturing with water sourcing, recycling, and transfer. Adjacent overlap with RPC's water recycling and completion support services.

Broad incumbents

• Baker Hughes: Diversified oilfield services and industrial energy technology provider with meaningful North America pressure pumping and well construction exposure. Comparable to RPC as a broader portfolio operator.
• Schlumberger (SLB): Global oilfield services leader offering pressure pumping, wireline, coiled tubing, cementing, and drilling services. Overlaps RPC's technical services portfolio as a broad incumbent with deeper international exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/inc_rpc
• LinkedInlinkedin.com/company/rpc-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RPC