oil & gas assets
You have accessed this news story:

RPC looks to add frac fleets despite 4Q18 revenue decline

Feed Icon
RPC Inc. ordered two frac fleets for delivery in mid-year, increasing its horsepower by about 10%. Despite adding to its current 1.05 MMhhp, company officials repeated throughout their 4Q18 results conference call a commitment to a strong balance sheet and earnings, while acknowledging the shaky 2019 outlook and likely price decreases.“During January, several customers notified us that they were concerned about the current oil prices and are re-evaluating their 2019 budgets,” CEO Richard Hubbell......
Provide your credentials to access this page

Member Area: Log in if you have a PLS web account or Sign up for internet access now.

PLS Web Client?
Log in to proceed

Sign up for PLS Reports
& Web Access!

Already subscribed to Reports?
Sign up for Web Access!
Search For More News