RPC Warns That Oil Companies Demand Lower Costs

Investors.com http://ift.tt/1zbwx7B RPC Inc. (RES) warned Wednesday that oil company customers are seeking lower prices for its oilfield services as production operations get scaled back in the wake of falling oil prices. "Customers planning to continue exploration and production activities in 2015 are seeking service cost reductions to offset the declines in their projected production revenues," said CEO Richard Hubbell in a release. "These factors will definitely have a negative