ATLANTA, Feb. 12, 2018 /PRNewswire/ -- RPC, Inc.
(NYSE: RES) announced today that its Board of Directors approved an
increase of 10.0 million shares to its stock buyback program.
This authorization is part of a broader capital allocation
framework to deliver value to shareholders by returning excess cash
to shareholders through share repurchases and dividends. The
Company's stock buyback program does not have a predetermined
expiration date.
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 at www.rpc.net.
For information about RPC, Inc., please contact:
Ben Palmer
Chief Financial Officer
(404) 321-2140
irdept@rpc.net
Jim Landers
Vice President, Corporate Finance
(404) 321-2162
jlanders@rpc.net
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SOURCE RPC, Inc.