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Stock impact report

RPC, Inc. Expands its Permian Operations with Acquisition of Pintail Completions, a Leading Wireline Completions Services Company [Yahoo! Finance]

RPC, Inc. (RES) 
Last rpc, inc. earnings: 1/29 06:45 am Check Earnings Report
US:NYSE Investor Relations: rpc.net/web/profile.html
Company Research Source: Yahoo! Finance
Energy, L.L.C. ("Pintail"), which does business under the name "Pintail Completions", for approximately $245 million , subject to customary post-closing adjustments. Pintail is headquartered in Midland, Texas and is a leading provider of oilfield wireline services in the Permian basin. Strategic Highlights Strategic acquisition of wireline completions services market leader in Permian Basin Aligns with RPC's focus on service lines that command strong margins and demonstrate high free cash flow conversion characteristics Builds on RPC's diversified oilfield services platform with geographic concentration in the most active oil producing region in the U.S. land market Pintail operates more than 30 active fleets, and its conventional and electric wireline units are among the newest in the industry Pintail maintains trusted relationships with blue chip E&Ps by delivering service excellence, safety, low emissions and fuel cost efficiencies Pintail's full year calendar 2024 re Show less Read more
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