Cudd Well Control Signs Alliance Agreement With Worldwide Facilities, LLC

Cudd Well Control, a global onshore and offshore well control emergency response and critical well intervention provider, has entered into an alliance agreement with Worldwide Facilities, LLC, a national wholesale insurance broker, managing general agent and program underwriter.

For more than 40 years, Cudd Well Control has provided rapid well control response and engineering services to onshore and offshore oil and gas operations worldwide. Cudd Well Control is strategically located to quickly respond, prevent and mitigate critical well control events and reduce non-productive time.

Through this alliance and the insurance product administered by Worldwide Facilities, Cudd Well Control will be the preferred well control provider to the global oil and gas industry, giving companies immediate access to its experienced team of well control specialists, engineers and critical well intervention services. The alliance will actively support traditional energy insurance products, in addition to the recently launched “Increased Costs of Drilling and/or Completion Insurance” (ICDC) Program.

Andy Ferguson, president of Cudd Well Control, stated, “Being the ‘first call’ well control services provider under Worldwide Facilities’ upstream energy insurance policies is very exciting, and we are well-positioned for the task. We have the most experienced well control specialists and engineers and developed the latest in critical well intervention technology to provide our customers with the best well control services in the industry for the long term.”

Worldwide Facilities’ Matt Begnaud, SVP/broker in Houston, commented, “Cudd Well Control has positioned itself at the top of the well control, engineering and response marketplace with what we believe to be the most experienced team in the industry. This alliance furthers our commitment to continually develop products designed to address the most demanding risk transfer needs of our oil and gas clients.”

Bo Burris, Cudd’s well control alliance director, will lead the engagement and implementation of the alliance program, ensuring communication and engagement between the broker, claimant and Cudd Well Control. With more than 40 years’ experience, Burris is a pioneer in the creation and application of enhanced insurance recovery processes for the oil and gas insurance industry.

About Cudd Well Control
Cudd Well Control, a division of Cudd Pressure Control Inc., a subsidiary of RPC Inc., provides onshore and offshore rapid well control emergency response, pressure control, engineering, relief well planning and critical well intervention services to companies engaged in the exploration and production of oil and natural gas worldwide. Cudd Well Control is not an agent of any insurance carrier or insurance broker and does not provide coverage under any insurance policy. For more information, visit cuddwellcontrol.com.

About RPC
RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. RPC's investor website can be found on the internet at RPC.net.

About Worldwide Facilities, LLC
Worldwide Facilities is a national wholesale insurance broker, managing general agent and program underwriter that has been in business since 1970. Its brokers and underwriters are industry leaders providing expertise in a wide range of specialty lines, as well as extensive contacts with carriers domestically and overseas. For more information, visit wwfi.com.