RPC, Inc. announced several changes within its senior leadership team and among its Board of Directors. The following changes to RPC's Executive Officers and Board of Directors are effective immediately: The transition of Richard A. Hubbell, President and Chief Executive Officer, to Executive Chairman of the Board of Directors; The relinquishment by Gary W. Rollins of his position as RPC's Non-Executive Chairman of the Board, while continuing as an RPC Director; The promotion of Ben M. Palmer, Chief Financial Officer, to President, and his election by the Board as a Class I Director; The appointment of Michael L. Schmit to Corporate Secretary.
RPC, Inc. acts as a holding company for several oilfield services companies that include Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services. It provides a range of oilfield services and equipment primarily to independent and oil and gas companies, which is 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. Its segments include Technical Services and Support Services. Technical Services segment includes pressure pumping, downhole tools services, coiled tubing, snubbing and other oilfield related services. Support Services segment includes renting tools to its customers for use with onshore and offshore oil and gas well drilling, completion and workover activities. It is also engaged in oilfield cementing services in the Permian and Mid-Continent basins.