<SUBMISSION>
<ACCESSION-NUMBER>0001104659-01-500619
<TYPE>10-Q
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20010331
<FILING-DATE>20010514
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>RPC INC
<CIK>0000742278
<ASSIGNED-SIC>3730
<IRS-NUMBER>581550825
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>10-Q
<ACT>34
<FILE-NUMBER>001-08726
<FILM-NUMBER>1633409
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2170 PIEDMONT RD NE
<CITY>ATLANTA
<STATE>GA
<ZIP>30324
<PHONE>4048882950
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2170 PIEDMONT ROAD
<CITY>ATLANTA
<STATE>GA
<ZIP>30324
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>RPC ENERGY SERVICES INC
<DATE-CHANGED>19920703
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>j0617_10q.htm
<TEXT>

<HTML>

<head>
<TITLE>Prepared by MerrillDirect</TITLE>
</head>

<body>

<div>

<div align=right><b><font size=3 face=Times>

<hr size=2 width="100%" noshade color=black align=right>

</font></b></div>


<div align=right><b><font size=3 face=Times>

<hr size=1 width="100%" noshade color=black align=right>

</font></b></div>

<p align=center><b><font size=3 face=Times><br>
UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C.&nbsp; 20549</font></b></p>

<p><font size=3 face=Times>&nbsp;</font></p>

<p align=center><b><font size=5>FORM 10-Q</font></b></p>

<p><font size=3 face=Times>&nbsp;</font></p>

<p align=center><font size=3 face=Wingdings>x</font><font> Quarterly report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</font></p>

<p align=center><b><font size=3>For the quarterly period ended March 31, 2001</font></b></p>

<p><font size=3 face=Times>&nbsp;</font></p>

<p align=center><font size=3 face=Wingdings>o</font><font> Transition report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</font></p>

<p><font size=3 face=Times>&nbsp;</font></p>

<p align=center><b><font size=3>Commission File No.
1-8726</font></b></p>

<p><font size=3 face=Times>&nbsp;</font></p>

<p align=center><b><font size=5>RPC, INC.<br>
</font></b><font size=2>(exact name of
registrant as specified in its charter)</font></p>

<div align=center>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td  align=center width="50%" valign=top><b><font   size=3>Delaware</font></b></td>
  <td  align=center width="50%" valign=top><b><font   size=3>58-1550825</font></b></td>
 </tr>
 <tr>
  <td  align=center width="50%" valign=top><font size=2>(State
  or other jurisdiction of incorporation or organization)</font></td>
  <td  align=center width="50%" valign=top><font size=2>(I.R.S.
  Employer Identification Number)</font></td>
 </tr>
 <tr>
  <td  align=center width="50%" valign=top>&nbsp;</td>
  <td  align=center width="50%" valign=top>&nbsp;</td>
 </tr>
</TABLE>

</div>

<p align=center><b><font size=3 face=Times>2170 Piedmont Road, NE, Atlanta, Georgia&nbsp; 30324<br>
(Address of principal executive offices)&nbsp;&nbsp;&nbsp;
(zip code)</font></b></p>

<p align=center><font size=3>Registrant&#146;s telephone number, including area
code &#151; <b>(404)
321-2140</b></font></p>

<p><font size=3 face=Times>&nbsp;</font></p>

<p><font size=3>Indicate by
check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes&nbsp; </font><b><font face=Wingdings>x</font></b><font>&nbsp;&nbsp; No&nbsp; </font><font face=Wingdings>o</font><u><font>&nbsp;&nbsp; </font></u></p>

<p><font size=3>As of March 31,
2001, RPC, Inc. had 28,353,795 shares of common stock outstanding.</font></p>

<p><font size=3 face=Times>&nbsp;</font></p>

<p><font size=3 face=Times>&nbsp;</font></p>


<div align=right><b><font size=3>

<hr size=1 width="100%" noshade color=black align=right>

</font></b></div>


<div align=right><b><font size=3>

<hr size=2 width="100%" noshade color=black align=right>

</font></b></div>

<PAGE>



<p align=center><b><font size=3>RPC, INC. AND
SUBSIDIARIES<br>
</font></b><font size=2>PART I.&nbsp; FINANCIAL INFORMATION<br>
ITEM 1. FINANCIAL STATEMENTS</font></p>



<p align=center><font size=2>CONSOLIDATED
BALANCE SHEETS<br>
AS OF MARCH 31, 2001 AND DECEMBER 31, 2000<br>
(In thousands)</font></p>


<p><font size=3 face=Times>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td  align=center width="61%" valign=bottom>&nbsp;</td>
  <td  align=center width="18%" valign=bottom><b><font   size=2>March 31,</font></b></td>
  <td  align=center width="19%" valign=bottom><font   size=2>December 31,</font></td>
 </tr>
 <tr>
  <td  align=center width="61%" valign=bottom>&nbsp;</td>
  <td  align=center width="18%" valign=bottom><b><font   size=2>2001</font></b></td>
  <td  align=center width="19%" valign=bottom><font   size=2>2000</font></td>
 </tr>
 <tr>
  <td  align=center width="61%" valign=bottom><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=center width="18%" valign=bottom><b><font   size=2>(Unaudited)</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=center width="19%" valign=bottom><font   size=2>(Audited)</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="61%" valign=top><b><font size=2>ASSETS</font></b></td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="19%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="61%" valign=top>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="19%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Cash and cash equivalents</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>$7,317</font></b></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>$5,437</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Marketable securities</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>-</font></b></td>
  <td  align=right width="19%" valign=bottom><font   size=2>3,888</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Accounts receivable, net</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>56,090</font></b></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>55,485</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Inventories, at lower of cost or market</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>8,418</font></b></td>
  <td  align=right width="19%" valign=bottom><font   size=2>7,212</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Deferred income taxes</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>6,837</font></b></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>6,837</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Prepaid expenses and other current assets</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>2,352</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="19%" valign=bottom><font   size=2>2,322</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Current assets</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>81,014</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>81,181</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Equipment and property, net</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>95,649</font></b></td>
  <td  align=right width="19%" valign=bottom><font   size=2>85,032</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Marketable securities</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>-</font></b></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>13,868</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Intangible assets, net</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>4,240</font></b></td>
  <td  align=right width="19%" valign=bottom><font   size=2>4,044</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Other assets</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>1,209</font></b></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>1,197</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Net assets of discontinued operation</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>-</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="19%" valign=bottom><font   size=2>92,593</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><b><font size=2>Total assets</font></b><div align=right><b><font   size=2><hr size=2 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>$182,112</font></b><div align=right><b><font   size=2><hr size=2 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>$277,915</font>
<hr size=2 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="61%" valign=top>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="19%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="61%" valign=top>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="19%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><b><font size=2>LIABILITIES AND STOCKHOLDERS'
  EQUITY</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="61%" valign=top>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="19%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Accounts payable</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>$16,255</font></b></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>$10,237</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Accrued payroll and related expenses</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>5,414</font></b></td>
  <td  align=right width="19%" valign=bottom><font   size=2>7,108</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Accrued insurance expenses</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>6,144</font></b></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>5,927</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Accrued state, local and other taxes</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>3,593</font></b></td>
  <td  align=right width="19%" valign=bottom><font   size=2>3,804</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Current portion of long-term debt</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>367</font></b></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>470</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Other accrued expenses</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>2,536</font></b></td>
  <td  align=right width="19%" valign=bottom><font   size=2>2,904</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Federal income taxes payable</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>4,536</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>2,937</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Current liabilities</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>38,845</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="19%" valign=bottom><font   size=2>33,387</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Payable to Marine Products Corporation</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>-</font></b></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>68,276</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Long-term accrued insurance expenses</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>4,664</font></b></td>
  <td  align=right width="19%" valign=bottom><font   size=2>5,007</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Long-term debt</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>714</font></b></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>848</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Deferred income taxes</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>1,078</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="19%" valign=bottom><font   size=2>1,078</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Total liabilities</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>45,301</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>108,596</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Common stock</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>2,835</font></b></td>
  <td  align=right width="19%" valign=bottom><font   size=2>2,830</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Capital in excess of par value</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>22,903</font></b></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>22,541</font></td>
 </tr>
 <tr>
  <td width="61%" valign=top><font size=2>Earnings retained</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>111,073</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="19%" valign=bottom><font   size=2>143,948</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="61%" valign=top bgcolor="#cceeff"><font size=2>Total stockholders' equity</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>136,811</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="19%" valign=bottom bgcolor="#cceeff"><font   size=2>169,319</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="61%" valign=top><b><font size=2>Total liabilities and
  stockholders' equity</font></b><div align=right><b><font   size=2><hr size=2 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>$182,112</font></b><div align=right><b><font   size=2><hr size=2 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="19%" valign=bottom><font   size=2>$277,915</font>
<hr size=2 width="100%" noshade color=black align=right></td>
 </tr>
</TABLE>

<p><font size=3 face=Times><br>
</font><font size=2>The accompanying
notes are an integral part of these statements.</font></p>

<PAGE>


<p align=center><b><font size=3>RPC, INC. AND SUBSIDIARIES</font></b></p>

<p align=center><font size=2>CONSOLIDATED&nbsp;
STATEMENTS&nbsp; OF&nbsp; INCOME</font></p>

<p align=center><font size=2>(In thousands except per share data)<br>
(Unaudited)</font></p>

<p><font size=3 face=Times>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td  align=center width="68%" valign=bottom>&nbsp;</td>
  <td  align=center width="31%" colspan=2 valign=bottom><font   size=2>Three months ended March 31,</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td  align=center width="68%" valign=bottom><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=center width="16%" valign=bottom><b><font   size=2>2001</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=center width="15%" valign=bottom><font   size=2>2000</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top>&nbsp;</td>
  <td  align=right width="16%" valign=bottom>&nbsp;</td>
  <td  align=right width="15%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><b><font size=2>Revenues</font></b></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff"><b><font   size=2>$62,733</font></b></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font   size=2>$35,883</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>Cost&nbsp; of&nbsp; services rendered and goods&nbsp; sold</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="16%" valign=bottom><b><font   size=2>34,062</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom><font   size=2>21,089</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>Gross profit</font></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff"><b><font   size=2>28,671</font></b></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font   size=2>14,794</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>Selling, general and administrative expenses</font></td>
  <td  align=right width="16%" valign=bottom><b><font   size=2>12,232</font></b></td>
  <td  align=right width="15%" valign=bottom><font   size=2>7,226</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>Depreciation and amortization</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff"><b><font   size=2>5,552</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font   size=2>4,229</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>Operating profit</font></td>
  <td  align=right width="16%" valign=bottom><b><font   size=2>10,887</font></b></td>
  <td  align=right width="15%" valign=bottom><font   size=2>3,339</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>Interest&nbsp; income</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff"><b><font   size=2>193</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font   size=2>317</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>Income from continuing operations before income taxes</font></td>
  <td  align=right width="16%" valign=bottom><b><font   size=2>11,080</font></b></td>
  <td  align=right width="15%" valign=bottom><font   size=2>3,656</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>Income tax provision</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff"><b><font   size=2>4,210</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font   size=2>1,389</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>Income from continuing operations</font></td>
  <td  align=right width="16%" valign=bottom><b><font   size=2>6,870</font></b></td>
  <td  align=right width="15%" valign=bottom><font   size=2>2,267</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>Income from discontinued operation, net of</font></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>&nbsp; income taxes of $910 in 2001
  and $4,099 in 2000</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff"><b><font   size=2>1,486</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font   size=2>6,696</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top><b><font size=2>NET INCOME</font></b><div align=right><b><font   size=2><hr size=2 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="16%" valign=bottom><b><font   size=2>$8,356</font></b><div align=right><b><font   size=2><hr size=2 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom><font   size=2>$8,963</font>
<hr size=2 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top><b><font size=2>Earnings per share - Basic</font></b></td>
  <td  align=right width="16%" valign=bottom>&nbsp;</td>
  <td  align=right width="15%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>Income from continuing operations</font></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff"><b><font   size=2>$0.25</font></b></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font   size=2>$0.08</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>Income from discontinued operation</font></td>
  <td  align=right width="16%" valign=bottom><b><font   size=2>$0.05</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom><font   size=2>$0.24</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>Net income</font></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff"><b><font   size=2>$0.30</font></b><div align=right><b><font   size=2><hr size=2 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font   size=2>$0.32</font>
<hr size=2 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top>&nbsp;</td>
  <td  align=right width="16%" valign=bottom>&nbsp;</td>
  <td  align=right width="15%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><b><font size=2>Earnings per share - Diluted</font></b></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>Income from continuing operations</font></td>
  <td  align=right width="16%" valign=bottom><b><font   size=2>$0.24</font></b></td>
  <td  align=right width="15%" valign=bottom><font   size=2>$0.08</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>Income from discontinued operation</font></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff"><b><font   size=2>$0.05</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font   size=2>$0.24</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>Net income</font></td>
  <td  align=right width="16%" valign=bottom><b><font   size=2>$0.29</font></b><div align=right><b><font   size=2><hr size=2 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom><font   size=2>$0.32</font>
<hr size=2 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top><b><font size=2>Average Shares Outstanding</font></b></td>
  <td  align=right width="16%" valign=bottom>&nbsp;</td>
  <td  align=right width="15%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>Basic</font></td>
  <td  align=right width="16%" valign=bottom bgcolor="#cceeff"><b><font   size=2>27,908</font></b><div align=right><b><font   size=2><hr size=2 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font   size=2>27,828</font>
<hr size=2 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>Diluted</font></td>
  <td  align=right width="16%" valign=bottom><b><font   size=2>28,482</font></b><div align=right><b><font   size=2><hr size=2 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom><font   size=2>28,124</font>
<hr size=2 width="100%" noshade color=black align=right></td>
 </tr>
</TABLE>

<p><font size=2>The
accompanying notes are an integral part of these statements.</font></p>

<PAGE>



<p align=center><b><font size=2>RPC, INC. AND SUBSIDIARIES</font></b></p>



<p align=center><font size=2>CONSOLIDATED
STATEMENTS OF CASH FLOWS<br>
FOR THE THREE MONTHS ENDED MARCH 31, 2001 and 2000<br>
(In thousands)<br>
(Unaudited)</font></p>


<p><font size=2>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td  align=center width="63%" valign=bottom>&nbsp;</td>
  <td  align=center width="36%" colspan=2 valign=bottom><font   size=2>Three months ended March 31,</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>&nbsp;</font>
<hr size=1 width="100%" noshade color=black align=center></td>
  <td  align=center width="18%" valign=bottom><b><font   size=2>2001</font></b><div align=center><b><font   size=2><hr size=1 width="100%" noshade color=black align=center></font></b></div></td>
  <td  align=center width="18%" valign=bottom><font   size=2>2000</font>
<hr size=1 width="100%" noshade color=black align=center></td>
 </tr>
 <tr>
  <td width="63%" valign=top><b><font size=2>OPERATING ACTIVITES</font></b></td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><b><font size=2>&nbsp;&nbsp; Net income</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>$6,870</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>$2,267</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>&nbsp;&nbsp; Noncash
  charges (credits) to earnings:</font></td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Depreciation and amortization</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>5,579</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>4,340</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on sale of equipment and property</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>18</font></b></td>
  <td  align=right width="18%" valign=bottom><font   size=2>49</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Deferred income tax benefit</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>-</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>(31)</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>&nbsp;&nbsp;
  (Increase) decrease in assets:</font></td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Accounts receivable</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>(605)</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>(1,146)</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Inventories</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>(1,206)</font></b></td>
  <td  align=right width="18%" valign=bottom><font   size=2>(921)</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Federal income taxes receivable</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>-</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>1,806</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Prepaid expenses and other current assets</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>(30)</font></b></td>
  <td  align=right width="18%" valign=bottom><font   size=2>(17)</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Other non-current assets</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>(12)</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>3</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>&nbsp;&nbsp;
  Increase (decrease) in liabilities:</font></td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Accounts payable</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>6,018</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>(4,135)</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Accrued payroll and related expenses</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>(1,694)</font></b></td>
  <td  align=right width="18%" valign=bottom><font   size=2>(8)</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Accrued insurance expenses</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>(126)</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>67</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Federal income taxes payable</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>1,599</font></b></td>
  <td  align=right width="18%" valign=bottom><font   size=2>2,300</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Other accrued expenses</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>(579)</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>(524)</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net
  cash (used for) provided by discontinued operation</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>(614)</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="18%" valign=bottom><font   size=2>8,263</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>Net cash provided by operating activities</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>15,218</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>12,313</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="63%" valign=top>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="63%" valign=top><b><font size=2>INVESTING ACTIVITIES</font></b></td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>Capital expenditures</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>(17,047)</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>(8,593)</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>Proceeds from sale of equipment and property</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>768</font></b></td>
  <td  align=right width="18%" valign=bottom><font   size=2>183</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>Net sale of marketable securities</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>17,756</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>3,556</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>Transfer of cash and marketable securities to
  Marine Products Corporation</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>(13,833)</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="18%" valign=bottom><font   size=2>-</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>Net cash used for investing activities</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>(12,356)</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>(4,854)</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="63%" valign=top>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
  <td  align=right width="18%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><b><font size=2>FINANCING ACTIVITIES</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>Payment of dividends</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>(989)</font></b></td>
  <td  align=right width="18%" valign=bottom><font   size=2>(988)</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>Reduction of long-term debt</font></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>(237)</font></b></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>(290)</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>Cash paid for common stock purchased and retired</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>(66)</font></b></td>
  <td  align=right width="18%" valign=bottom><font   size=2>(148)</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>Proceeds received upon exercise of stock options</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>310</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>13</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>Net cash used for financing activities</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>(982)</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="18%" valign=bottom><font   size=2>(1,413)</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>Net increase in cash and cash equivalents</font></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>1,880</font></b></td>
  <td  align=right width="18%" valign=bottom><font   size=2>6,046</font></td>
 </tr>
 <tr>
  <td width="63%" valign=top bgcolor="#cceeff"><font size=2>Cash and cash equivalents at beginning of period</font>
<hr size=1 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><b><font   size=2>5,437</font></b><div align=right><b><font   size=2><hr size=1 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="18%" valign=bottom bgcolor="#cceeff"><font   size=2>4,847</font>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="63%" valign=top><font size=2>Cash and cash equivalents at end of period</font>
<hr size=2 width="100%" noshade color=black align=right></td>
  <td  align=right width="18%" valign=bottom><b><font   size=2>$7,317</font></b><div align=right><b><font   size=2><hr size=2 width="100%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="18%" valign=bottom><font   size=2>$10,893</font>
<hr size=2 width="100%" noshade color=black align=right></td>
 </tr>
</TABLE>


<p><font size=2><br>
</font><font size=2>The accompanying
notes are an integral part of these statements.</font></p>


<p><font size=3>&nbsp;</font></p>

<PAGE>


<p><font size=3 face=Times>&nbsp;</font></p>

<p align=center><b><font size=3>RPC,
INC. AND SUBSIDIARIES<br>
</font></b><font size=2>NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS</font></p>

<p><font size=2>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="5%" valign=top><font size=2>1.</font></td>
  <td width="94%" valign=top><font size=2>In
  January 2000, the Board of Directors of RPC, Inc. (&#147;RPC&#148;) announced that it
  planned to spin off to RPC stockholders the business conducted through
  Chaparral Boats, Inc. (&#147;Chaparral&#148;), RPC&#146;s Powerboat Manufacturing Segment
  (the &#147;spin-off&#148;).&nbsp; RPC&#146;s Board of
  Directors subsequently approved the spin-off on February 12, 2001.&nbsp; RPC accomplished the spin-off on February
  28, 2001 by contributing 100% of the issued and outstanding stock of
  Chaparral to Marine Products Corporation (a Delaware corporation) (&#147;Marine
  Products&#148;), a newly formed wholly-owned subsidiary of RPC,&nbsp; and then distributing the common stock of
  Marine Products to RPC stockholders. RPC stockholders received 0.6 share of
  Marine Products Common Stock for each share of RPC Common Stock owned as of
  the record date. Based on an Internal Revenue Service Private Letter ruling,
  subject to certain assumptions, the spin- off will be tax-free to RPC and
  RPC&#146;s stockholders, except for cash received for any fractional shares.
  Immediately after the spin-off was completed, RPC owned no shares of Marine
  Products Common Stock, and Marine Products became an independent public
  company. A total of 17,012,277 shares of Marine Products Common Stock were
  distributed in connection with the spin-off.&nbsp;
  As part of the spin-off, RPC transferred $13.8 million in cash and
  marketable securities to Marine Products Corporation.&nbsp; Also as part of the spin-off, a $53.6
  million payable to Marine Products Corporation was cancelled.</font></td>
 </tr>
 <tr>
  <td width="5%" valign=top>&nbsp;</td>
  <td width="94%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="5%" valign=top><font size=2>2.</font></td>
  <td width="94%" valign=top><font size=2>GENERAL</font></td>
 </tr>
</TABLE>

<dir>
<p><font size=2>The consolidated financial statements included herein
have been prepared by the Company, without audit, pursuant to the rules and
regulations of the Securities and Exchange Commission.&nbsp; Footnote disclosures normally included in
financial statements prepared in accordance with accounting principles
generally accepted in the United States have been condensed or omitted pursuant
to such rules and regulations.&nbsp; These
consolidated financial statements should be read in conjunction with the
financial statements and related notes contained in the Company&#146;s annual report
on Form 10-K for the fiscal year ended December 31, 2000.</font></p>
</dir>

<dir>
<p><font size=2>In the opinion of management, the consolidated financial
statements included herein contain all adjustments necessary to present fairly
the financial position of the Company as of March 31, 2001, the results of
operations for the three months ended March 31, 2001 and 2000, and the cash
flows for the three months ended March 31, 2001 and 2000.</font></p>
</dir>

<PAGE>


<dir>
<p><font size=2>The results of operations for the quarter ended March
31, 2001, are not necessarily indicative of the results to be expected for the
full year.</font></p>
</dir>

<p><font size=2>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EARNINGS
PER SHARE</font></p>

<dir>
<p><font size=2>Basic and diluted earnings per share are computed by
dividing net income by the respective weighted average number of shares
outstanding during the respective periods.</font></p>
</dir>

<p><font size=2>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RECENT
ACCOUNTING PRONOUNCEMENTS</font></p>

<dir>
<p><font size=2>Statement of Financial Accounting Standards (SFAS) No.
133, &#147;Accounting for Derivative Instruments and Hedging Activities,&#148;
establishes accounting and reporting standards for derivative instruments
including certain derivative instruments embedded in other contracts, and for
hedging activities.&nbsp; It requires
entities to recognize all instruments as either assets or liabilities in the
balance sheet and measure those instruments at fair value.&nbsp; As amended, the adoption of SFAS No. 133,
effective for the Company as of January 1, 2001, did not impact the results of
operations or financial condition of the Company as the Company is not a party
to any derivative transactions that fall under the provisions of this
statement.</font></p>
</dir>

<p><font size=2>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BUSINESS
SEGMENT INFORMATION</font></p>

<dir>
<p><font size=2>RPC has two reportable segments: Technical Services and
Support Services. </font><font size=2>Technical Services
include RPC&#146;s oil and gas service lines that utilize people and equipment to
perform value-added completion, production and maintenance services directly to
a customer&#146;s well. These services are generally directed toward improving the
flow of oil and natural gas from producing formations or to address well
control issues. The Technical Services business segment consists primarily of
snubbing, coiled tubing, pressure pumping, nitrogen, well control, down-hole
tools, wire line, fluid pumping, hot-tapping, gate valve drilling and casing
installation services. The principal markets for this business segment include
the United States, including the Gulf of Mexico, mid-continent, southwest and
Rocky Mountain regions, and international locations including primarily Algeria
and Venezuela. Customers include major multi-national and independent </font></p>
</dir>

<PAGE>


<dir>
<p><font size=2>oil
and gas producers, and selected nationally owned oil companies. Support
Services include RPC&#146;s oil and gas service lines that primarily provide
equipment for customer use or services to assist customer operations. The
equipment and services include drill pipe and related tools, pipe handling,
inspection and storage services, work platform marine vessels, and oilfield
training services. The demand for these services tends to be influenced
primarily by customer drilling-related activity levels. The principal markets
for this segment include the United States, Gulf of Mexico and mid-continent
regions. Customers include domestic operations of major multi-national and
independent oil and gas producers.</font></p>
</dir>

<dir>
<p><font size=2>RPC evaluates segment performance based on operating
profit or loss.&nbsp; RPC accounts for
intersegment sales and transfers as if the sales or transfers were to third
parties, that is, at current market prices.&nbsp;
RPC&#146;s reportable segments are strategic business units that offer
different products and services.</font></p>
</dir>

<p><font size=2>&nbsp;</font></p>

<PAGE>


<p><font size=2>Certain information with respect to RPC&#146;s business
segments is set forth in the following table:</font></p>

<p><font size=2>&nbsp;</font></p>

<p><font size=2>&nbsp;</font></p>


<p><b><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SUMMARY OF SEGMENT OPERATING
RESULTS</font></b></p>


<p><font size=3 face=Times>&nbsp;</font></p>

<div align=center>

<table border=0 cellspacing=0 cellpadding=0 width="90%">
 <tr>
  <td  align=center width="68%" valign=bottom>&nbsp;</td>
  <td  align=center width="31%" colspan=2 valign=bottom><font   size=2>Three
  months ended March 31</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top>&nbsp;</td>
  <td  align=center width="15%" valign=bottom><b><font size=2>2001</font></b><div align=right><b><font size=2><hr size=1 width="98%" noshade color=black align=right></font></b></div></td>
  <td  align=center width="15%" valign=bottom><font size=2>2000</font>
<hr size=1 width="98%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top>&nbsp;</td>
  <td  align=center width="31%" colspan=2 valign=bottom><i><font size=2>(in
  thousands)</font></i></td>
 </tr>
 <tr>
  <td width="68%" valign=top>&nbsp;</td>
  <td width="15%" valign=bottom>&nbsp;</td>
  <td width="15%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><b><font size=2>Revenues:</font></b></td>
  <td width="15%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
  <td width="15%" valign=bottom bgcolor="#cceeff">&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Technical Services</font></td>
  <td  align=right width="15%" valign=bottom><b><font size=2>$46,922</font></b></td>
  <td  align=right width="15%" valign=bottom><font size=2>$24,172</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Support Services</font></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><b><font size=2>12,538</font></b></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font size=2>8,299</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Other</font>
<hr size=1 width="95%" noshade color=black align=left></td>
  <td  align=right width="15%" valign=bottom><b><font size=2>3,273</font></b><div align=right><b><font size=2><hr size=1 width="95%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom><font size=2>3,412</font>
<hr size=1 width="95%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>Total revenues</font>
<hr size=2 width="95%" noshade color=black align=left></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><b><font size=2>$62,733</font></b><div align=right><b><font size=2><hr size=2 width="95%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font size=2>$35,883</font>
<hr size=2 width="95%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top><b><font size=2>Operating income (loss):</font></b></td>
  <td  align=right width="15%" valign=bottom>&nbsp;</td>
  <td  align=right width="15%" valign=bottom>&nbsp;</td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Technical Services</font></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><b><font size=2>$9,390</font></b></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font size=2>$2,945</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Support Services</font></td>
  <td  align=right width="15%" valign=bottom><b><font size=2>2,851</font></b></td>
  <td  align=right width="15%" valign=bottom><font size=2>1,023</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  Other</font>
<hr size=1 width="95%" noshade color=black align=left></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><b><font size=2>(158)</font></b><div align=right><b><font size=2><hr size=1 width="95%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font size=2>(208)</font>
<hr size=1 width="95%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top><font size=2>Total operating income</font>
<hr size=1 width="95%" noshade color=black align=left></td>
  <td  align=right width="15%" valign=bottom><b><font size=2>12,083</font></b><div align=right><b><font size=2><hr size=1 width="95%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom><font size=2>3,760</font>
<hr size=1 width="95%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><b><font size=2>Corporate expenses</font></b></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><b><font size=2>1,196</font></b></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font size=2>421</font></td>
 </tr>
 <tr>
  <td width="68%" valign=top><b><font size=2>Interest income</font></b><div><b><font   size=2><hr size=1 width="95%" noshade color=black align=left></font></b></div></td>
  <td  align=right width="15%" valign=bottom><b><font size=2>193</font></b><div align=right><b><font size=2><hr size=1 width="95%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom><font size=2>317</font>
<hr size=1 width="95%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="68%" valign=top bgcolor="#cceeff"><font size=2>Income before income taxes</font>
<hr size=2 width="95%" noshade color=black align=left></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><b><font size=2>$11,080</font></b><div align=right><b><font size=2><hr size=2 width="95%" noshade color=black align=right></font></b></div></td>
  <td  align=right width="15%" valign=bottom bgcolor="#cceeff"><font size=2>$3,656</font>
<hr size=2 width="95%" noshade color=black align=right></td>
 </tr>
</TABLE>

</div>

<p><font size=2>&nbsp;</font></p>

<PAGE>


<p align=center><font size=2>ITEM
2.&nbsp; MANAGEMENT'S DISCUSSION AND ANALYSIS<br>
OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION</font></p>

<p><u><font size=2>THREE MONTHS ENDED MARCH 31, 2001 COMPARED TO THREE
MONTHS ENDED MARCH 31, 2000</font></u></p>

<p><font size=2>&nbsp;</font></p>

<p><font size=2>Revenues for the first quarter ended March 31, 2001,
increased $26,850,000 or 75% to $62,733,000 compared with $35,883,000 for the
quarter ended March 31, 2000.&nbsp; The
Technical Services segment revenues of $46,922,000 increased 94% from last
year's first quarter of $24,172,000.&nbsp;&nbsp;
The Support Services segment revenues for the quarter ended March 31,
2001, of $12,538,000 increased 51% from last year's first quarter revenues of
$8,299,000.&nbsp; These increases were due to
increased customer drilling and production enhancement activity relating to the
improved oil and gas prices. During the first quarter 2001, the average working
rig count in the United States has increased 51% from last year&#146;s first
quarter.</font></p>

<p><font size=2>Cost of services rendered and goods sold for the first
quarter ended March 31, 2001, was $34,062,000 compared to $21,089,000 for the
first quarter ended March 31, 2000, an increase of $12,973,000 or 62%.&nbsp; Cost of services rendered and goods sold, as
a percent of revenues, decreased from 59% in 2000 to 54% in 2001.&nbsp; This improvement resulted from a favorable
operating environment allowing for better utilization of our equipment and
personnel, and better pricing.</font></p>

<p><font size=2>Selling, general and administrative
expenses for the first quarter ended March 31, 2001 were $12,232,000 compared
to $7,226,000 for the first quarter ended March 31, 2000, an increase of&nbsp; $5,006,000 or 69%. This increase was due to
additional overhead required to administer the significant growth in the
company&#146;s oil and gas services business lines. Selling, general and
administrative expenses as a percent of revenues fell from 20 percent in 2000
to 19 percent in 2001.</font></p>

<p><font size=2>Depreciation
and amortization was $5,552,000 for the first quarter ended March 31, 2001, an
increase of $1,323,000 or 31 percent compared to $4,229,000 in 2000. This
increase in depreciation and amortization resulted primarily from capital
expenditures relating to the new pressure pumping service line, and various
maintenance and growth capital expenditures in other oil and gas service lines.</font></p>

<p><font size=2>Operating profit for the first quarter
ended March 31, 2001 was $10,887,000, an increase of $7,548,000 compared to an
operating profit of $3,339,000 in 2000. This significant improvement in
operating profit resulted from improvements in industry conditions in 2001
compared to 2000, as discussed above.</font></p>

<PAGE>


<p><font size=2>Interest income was $193,000 in the first
quarter of 2001 compared to $317,000 in the first quarter of 2000. RPC
generates interest income from investment of its available cash primarily in
marketable securities. The decrease in interest income results primarily from a
decrease in investment balances.</font></p>

<p><font size=2>Income
from continuing operations (net of income taxes) improved $4,603,000 from
$2,267,000 in 2000 to&nbsp; $6,870,000 in
2001. This improvement is consistent with the increases in operating profit, as
the income tax rate was the same in both periods.</font></p>

<p><font size=2>Income
from discontinued operation (net of income taxes) is from RPC&#146;s powerboat
manufacturing segment, classified as a discontinued operation, which earned
$1,486,000 in 2001 compared to $6,696,000 in 2000, a decrease of $5,210,000 or
78 percent. This decrease was primarily due to the after-tax gain of $4,227,000
from the settlement of a claim.</font></p>

<p><font size=2>&nbsp;</font></p>

<p><u><font size=2>LIQUIDITY AND CAPITAL RESOURCES</font></u></p>

<p><font size=2>Cash provided by operating activities for the three
months ended March 31, 2001 was $15,218,000 compared to $12,313,000 for the
three months ended March 31, 2000, a $2,905,000 or 24% increase.&nbsp; The increase is due to increased net income
offset by increased working capital requirements necessary to support the
increased business activity levels.</font></p>

<p><font size=2>Cash used for investing activities for the three months
ended March 31, 2001 was $12,356,000 compared to $4,854,000, for the three
months ended March 31, 2000, a $7,502,000 increase.&nbsp; The increase relates primarily to higher capital
expenditures.&nbsp; These expenditures
included revenue-producing equipment purchases in both the Technical Services
and Support Services business segments.</font></p>

<p><font size=2>Cash used for financing activities for the three months
ended March 31, 2001 was $982,000 compared to $1,413,000, for the three months
ended March 31, 2000, a $431,000 or 31% decrease.&nbsp; This decrease is primarily due to additional cash generated in
2001 in connection with exercises of employee stock options.</font></p>

<p><font size=2>Funding for future liquidity and capital resource
requirements is expected to be provided primarily from cash generated from
operations.</font></p>

<PAGE>


<p><u><font size=2>Forward-Looking
Statements</font></u></p>

<p><font size=2>Certain statements made in this report
that are not historical facts are &#147;forward-looking statements&#148; under the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements may include, without limitation, statements that relate to our
business strategy, plans and objectives, and our beliefs and expectations
regarding future demand for our products and services and other events and
conditions that may influence the oilfield services market and our performance
in the future.</font></p>

<p><font size=2>The
words &#147;may,&#148; &#147;will,&#148; &#147;expect,&#148; &#147;believe,&#148; &#147;anticipate,&#148; &#147;project,&#148; &#147;estimate,&#148;
and similar expressions generally identify forward-looking statements. Such
statements are based on certain assumptions and analyses made by our management
in light of its experience and its perception of historical trends, current
conditions, expected future developments and other factors it believes to be
appropriate. We caution you that such statements are only predictions and not
guarantees of future performance and that actual results, developments and
business decisions may differ from those envisioned by the forward-looking
statements.&nbsp; Risk factors that could
cause such future events not to occur as expected include the following:&nbsp; the volatility of oil prices, inability to
identify or complete acquisitions, adverse weather conditions, inability to
attract and retain skilled employees, personal injury or property damage
claims, the changes in the supply and demand for oil and gas.</font></p>

<PAGE>


<p align=center><font size=2>ITEM 3.</font></p>

<dir>
<p><font size=2>ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
MARKET RISK</font></p>
</dir>

<dir>
<p><font size=2>RPC maintains an investment portfolio, comprised of U.S.
Government and corporate debt securities, which is subject to interest rate
risk exposure.&nbsp; This risk is managed
through conservative policies to invest in high-quality obligations.&nbsp; RPC has performed an interest rate
sensitivity analysis using a duration model over the near term with a 10
percent change in interest rates.&nbsp; RPC&#146;s
portfolio is not subject to material interest rate risk exposure based on this analysis.&nbsp; RPC does not expect any material changes in
market risk exposures or how those risks are managed.</font></p>
</dir>

<p align=center><font size=2>&nbsp;</font></p>

<p align=center><font size=2>&nbsp;</font></p>

<PAGE>


<p align=center>&nbsp;</p>

<p align=center><b><font size=2>RPC, INC. AND SUBSIDIARIES</font></b></p>

<p align=center><font size=2>PART
II. OTHER INFORMATION</font></p>

<p align=center><font size=2>ITEM 1.&nbsp; LEGAL
PROCEEDINGS</font></p>

<p align=center><font size=2>None</font></p>

<p align=center><font size=2>ITEM 2.&nbsp;&nbsp; CHANGES
IN SECURITIES</font></p>

<p align=center><font size=2>None</font></p>

<p align=center><font size=2>ITEM 3.&nbsp; DEFAULTS
UPON SENIOR SECURITIES</font></p>

<p align=center><font size=2>None</font></p>

<p align=center><font size=2>ITEM 4.&nbsp;
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS</font></p>

<p align=center><font size=2>None</font></p>

<p align=center><font size=2>ITEM 5.&nbsp; OTHER
INFORMATION</font></p>

<p align=center><font size=2>None</font></p>

<PAGE>


<p align=center><font size=2>PART II. OTHER INFORMATION</font></p>

<p><font size=2>&nbsp;</font></p>

<p><font size=2>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="12%" valign=top><font size=2>ITEM
  6.</font></td>
  <td width="87%" valign=top><font size=2>Exhibits
  and Reports on Form 8-K<br>&nbsp;</font></td>
 </tr>
</TABLE>

<p><font size=3 face=Times>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="12%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)</font></td>
  <td width="19%" valign=top><font size=2>Exhibits</font></td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top><u><font size=2>Exhibit
  Number</font></u></td>
  <td width="68%" valign=top><u><font size=2>Description</font></u></td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top><font size=2>3.1</font></td>
  <td width="68%" valign=top><font size=2>RPC&#146;s
  restated Certificate of Incorporation is incorporated herein by reference to
  Exhibit 3.1 to the 1999 Form 10-K.</font></td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top><font size=2>3.2</font></td>
  <td width="68%" valign=top><font size=2>By-laws
  of RPC (incorporated herein by reference to Exhibit (3)(b) to the Annual
  Report on Form 10-K for the fiscal year ended December 31, 1993)</font></td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top><font size=2>4</font></td>
  <td width="68%" valign=top><font size=2>Form
  of Stock Certificate (incorporated herein by reference to the Annual Report
  on Form 10-K for the fiscal year ended December 31, 1998).</font></td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top><font size=2>10.1</font></td>
  <td width="68%" valign=top><font size=2>Tax
  Sharing Agreement by and between RPC, Inc. and Marine Products Corporation
  (Incorporated by reference to Exhibit 10.5 to the Marine Products Corporation
  Registration Statement on Form 10 filed with the SEC on February 12, 2001).</font></td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top><font size=2>10.2</font></td>
  <td width="68%" valign=top><font size=2>Employee
  Benefits Agreement by and between RPC, Inc., Marine Products Corporation and
  Chaparral Boats, Inc.(Incorporated by reference to Exhibit 10.3 to the Marine
  Products Corporation Registration Statement on Form 10 filed with the SEC on
  February 12, 2001).</font></td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top>&nbsp;</td>
  <td width="68%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="19%" valign=top><font size=2>10.3</font></td>
  <td width="68%" valign=top><font size=2>Transaction
  Support Services Agreement by and between RPC, Inc. and Marine Products
  Corporation (Incorporated by reference to Exhibit 10.4 to the Marine Products
  Corporation Registration Statement on Form 10 filed with the SEC on February
  12, 2001).</font></td>
 </tr>
</TABLE>

<p><font size=3 face=Times>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="70%" valign=top>&nbsp;</td>
  <td width="17%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="12%" valign=top><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)</font></td>
  <td width="70%" valign=top><font size=2>Reports on Form 8-K</font></td>
  <td width="17%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="70%" valign=top>&nbsp;</td>
  <td width="17%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="12%" valign=top>&nbsp;</td>
  <td width="70%" valign=top><font size=2>A report on Form 8-K/A was filed on February 13, 2001.</font></td>
  <td width="17%" valign=top>&nbsp;</td>
 </tr>
</TABLE>

<p><font size=2>&nbsp;</font></p>

<b><u><PAGE>
</u></b>

<p align=center><b><u><font size=2>SIGNATURES</font></u></b></p>

<p><font size=2>Pursuant to the requirements of the Securities and
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.</font></p>

<p><font size=2>&nbsp;</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="100%">
 <tr>
  <td width="48%" valign=top>&nbsp;</td>
  <td width="51%" valign=top><b><font size=2>RPC, INC.<br><br></font></b></td>
 </tr>
 <tr>
  <td width="48%" valign=top>&nbsp;</td>
  <td width="51%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="48%" valign=top>&nbsp;</td>
  <td width="51%" valign=top><font size=2>/s/
  Richard A. Hubbell</font>
<hr size=1 width="35%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="48%" valign=top><font size=2>Date:&nbsp; May 14, 2001</font></td>
  <td width="51%" valign=top><font size=2>Richard
  A. Hubbell</font></td>
 </tr>
 <tr>
  <td width="48%" valign=top>&nbsp;</td>
  <td width="51%" valign=top><font size=2>President
  and Chief Operating Officer</font></td>
 </tr>
 <tr>
  <td width="48%" valign=top>&nbsp;</td>
  <td width="51%" valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="48%" valign=top>&nbsp;</td>
  <td width="51%" valign=top><font size=2>/s/ Ben M. Palmer</font>
<hr size=1 width="35%" noshade color=black align=left></td>
 </tr>
 <tr>
  <td width="48%" valign=top><font size=2>Date:&nbsp; May 14, 2001</font></td>
  <td width="51%" valign=top><font size=2>Ben M. Palmer</font></td>
 </tr>
 <tr>
  <td width="48%" valign=top>&nbsp;</td>
  <td width="51%" valign=top><font size=2>Treasurer and Chief
  Financial Officer</font></td>
 </tr>
</TABLE>

<p><font size=2>&nbsp;</font></p>

</div>

</body>

</HTML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
