RPC Inc. Utilizes The Bakken and Eagle Ford to Their Advantage
If you haven’t heard about the US shale boom yet, I would be quite surprised. Numerous energy companies have been buying up acreage all across the US and some companies are utilizing the resources better than others. One of the companies banking off their shale plays is RPC Inc. I must give them props to seeing the great potential in the shale plays, and making serious earnings from them. Todd Campbell gives us a run down of how RPC has used the Bakken and Eagle Ford Shales and their potential from here on out.
" …RPC’s success in 2011 will be the Eagle Ford Shale in Texas, which is seeing a recent flurry of drilling activity. As of last week, nearly 21% more active rigs were drilling in Texas, thanks in part to Eagle Ford. Another region driving oil rig activity is the Bakken shale in North Dakota, which already produces some 458k bbl/day of crude. Despite activity recently flattening, North Dakota’s active rig count is still 68% higher than this time last year. And, activity should increase again as road load restrictions end into dry weather. Overall, increased activity in non-traditional shale increases demand for hydraulic fracking crews and equipment, the sweet spot of RES’ products and services."
Find additional research: http://seekingalpha.com/article/264126-rpc-inc-robust-activity-in-bakken-eagle-ford-offers-earnings-upside