RPC Expands Permian Reach With $245M Pintail Acquisition

RPC Inc. (RES) has enhanced its presence in the Permian Basin with the acquisition of Pintail Completions, a leading wireline service provider, in a deal valued at approximately $245 million. The move underscores RPC’s commitment to expanding its oilfield services portfolio with high-margin, cash-generating assets.Pintail, headquartered in Midland, TX, is a well-established name in wireline completions, operating more than 30 active fleets with both conventional and electric wireline units. The acquisition ...