RPC, Inc. Expands its Permian Operations with Acquisition of Pintail Completions, a Leading Wireline Completions Services Company
ATLANTA, April 2, 2025 /PRNewswire/ -- RPC, Inc. (NYSE:RES) ("RPC") announced the acquisition, effective April 1, 2025, of Pintail Alternative 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 BasinAligns with RPC's focus on service lines that command strong margins and demonstrate high free cash flow conversion characteristicsBuilds on RPC's diversified oilfi
