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Article: RPC, Inc. Reports Third Quarter 2009 Financial Results.(Financial report)
- Article from:
- Energy Weekly News
- Article date:
- November 13, 2009
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RPC, Inc. (NYSE:RES) announced its unaudited results for the third quarter ended September 30, 2009. 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 and in selected international markets.
For the quarter ended September 30, 2009, revenues decreased 44.3 percent to $132,159,000 compared to $237,217,000 in the third quarter last year. Revenues decreased compared to the prior year due primarily to dramatically lower pricing for our services coupled with lower utilization of our ...