RPC helps to grease the wheels of oil and gas production through a number of business units Through its Cudd Energy Services division, the company provides oil industry consulting and technical services including snubbing, coiled tubing, nitrogen services, and well control. Another unit, Patterson Rental and Fishing Tools, rents specialized tools and equipment such as drill pipe, tubing, and blowout preventers. RPC also provides maintenance, emergency services, and storage and inspection services for offshore and inland vessels. The company operates in most of the world’s major oil producing regions. In 2010 Chesapeake Energy accounted for 15% of total revenues.
RPC, Inc.
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3.3
Overall Excellence Rating
Industry
Oil, Gas and MiningCategory
Metals & MiningESG/Ethical Impact
RPC’s pressure pumping business is making ongoing significant technology and process investments which reduce engine idling and operational location non-productive time. The reduction of engine idling time and other non-productive engine run time reduces greenhouse gas emissions significantly. We were an enthusiastic advocate of participation in the FracFocus hydraulic fracturing chemical registry. We made investments in technology and process change to begin reporting information early in FracFocus’ existence. In fact, we began voluntarily reporting data before many peers and customers began to participate, and we continue to report this information timely and accurately. RPC’s pressure pumping business made significant investments in sand storage solutions and other equipment to comply with the Federal silica dust requirements for hydraulic fracturing which came into effect in 2018. We continue to monitor our compliance with these existing regulations and prepare for an evolving regulatory environment. RPC operates a division whose sole business is to recycle water from oilfield completion sites. This business reduces the requirements for the use of fresh water or water sourced from an aquifer in the U.S. domestic oilfield. During 2022, we recycled almost 21 million barrels of flowback and produced water that was subsequently used in hydraulic fracturing operations. In addition, in 2022 we treated 36 million barrels of water to reduce contaminants and render it suitable to be used in subsequent operations during the year. We have invested in several 3000 HP Tier IV fleets which we believe are unique in the U.S. land market. In addition to the lower emissions per horsepower produced by Tier IV pressure pumping engines, these fleets produce less noise and have a smaller footprint than Tier II equipment. We are currently investing in dual-fuel pressure pumping equipment. Not only does this equipment emit lower emissions because it operates on natural gas, but it also reduces greenhouse gas emissions at the customer location because it can often use natural gas produced by a customer’s well which would otherwise be flared into the atmosphere.
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Awards Received
2023
Revenues
$1,600,000,000.00
Website Traffic
Employee Rating
3.9
Customer Rating
4.9
Company Size
1000-5000
ESG Risk Rating
2
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