Acidizing services can also enhance production in limestone formations. In some cases, the Company creates customized tools to perform a fishing operation. Sales are generated by RPC's sales force and through referrals from existing customers. Our dedicated team of employees works towards a common purpose. RPC purchases oilfield service equipment from a limited number of manufacturers. Substantially all of our customers operate in the energy industry. We operate in highly competitive areas of the oilfield services industry. Acquisitions have been and may continue to be a key element of our business strategy. This litigation could result in large claims for damages. However, such environmental laws are changed frequently. One of these factors has been mitigated by the decline in oil-directed drilling. Well completions in 2020 decreased by approximately 49 percent compared to 2019. The majority of the U.S. domestic rig count remains directed towards oil. Net loss and diluted loss per share. On September 25, 2020, the Company further amended the revolving credit facility. We believe that our audits provide a reasonable basis for our opinion. Holders of common stock do not have cumulative voting rights. As of December 31, 2020, there were no shares of preferred stock issued. The cost of securities sold is based on the specific identification method. See Note 13 for further information regarding the SERP. Expenditures for additions, major renewals, and betterments are capitalized. 2019-12 — Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. Accordingly, there is no financing component to our arrangements with customers. Also includes interest costs related to leased assets that were impaired in 2019. ( For the market based valuation, the Company used comparable public company multiples. The 1994 plan expired in 2004 and the 2004 Plan expired in 2015. As of December 31, 2019, 4,729,863 shares were available for grant. The revenues are presented based on the location of the use of the equipment or services. ROU assets exclude lessor incentives received. The Company does not have any finance leases. This information is incorporated herein by reference.Item 14. I have reviewed this annual report on Form 10-K of RPC, Inc.;2. Coiled Tubing [Member] Coiled Tubing Pertains to Nitrogen. 1110 4444 %%%% M!1110 4444 %%%% ! M^4^_(KU-88DB\\I8T6/IL"@#\\J;#:V]L"(((HL]=B!L;? 1110!Q_Q$_P"07I\'_ &&;3_T.NPKC_B)_R"](_P"PS:?^ MAUV% !