8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

       Date of report (Date of earliest event reported): January 28, 2004

                           Commission File No. 1-8726

                                    RPC, INC.
             (exact name of registrant as specified in its charter)

             Delaware                                          58-1550825
  (State or other jurisdiction                             (I.R.S. Employer
of incorporation or organization)                        Identification Number)

                 2170 Piedmont Road, NE, Atlanta, Georgia 30324
               (Address of principal executive offices) (zip code)

                                 (404) 321-2140
               Registrant's telephone number, including area code



Item 5. Other Events and Regulation FD Disclosure

On January  27,  2004,  registrant  issued a press  release  titled  "RPC,  Inc.
Announces   Increased  Dividend  and  Authorizes   Expansion  of  Stock  Buyback
Program,"  that  declared  a  quarterly  cash  dividend  of $0.03 per share and
expanded the stock repurchase program by 1.5 million shares.

Item 7. Financial Statements and Exhibits

      (c) Exhibits.

            Exhibit 99 - Press release dated January 27, 2004.

                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                          RPC, Inc.

Date: January 28, 2004                    /s/ BEN M. PALMER
                                          -------------------------------------
                                          Ben M. Palmer
                                          Vice President,
                                          Chief Financial Officer and Treasurer

EX-99

                                                                      Exhibit 99

   RPC, Inc. Announces Increased Dividend and Authorizes Expansion of Stock
                               Buyback Program

     - 20 percent increase in quarterly dividend to $0.03 per share

     - Amount authorized under repurchase program increased by 1.5 million
       shares

    ATLANTA, Jan. 27 /PRNewswire-FirstCall/ -- The RPC, Inc. (NYSE: RES) Board
of Directors declared a regular quarterly cash dividend of $0.03 per share
payable March 10, 2004 to common shareholders of record at the close of
business February 10, 2004, an increase of 20 percent over the previous
quarter's dividend.

    The Company also announced today that the Board approved an increase of
1.5 million shares, raising the total amount in the current stock repurchase
program to 3.5 million shares.  Shares may be purchased from time to time on
the open market at market prices or in privately negotiated transactions.  The
current repurchase program was authorized on March 9, 1998, and 161,000 shares
remain under this original authorization.

    "We believe there are many times that the public market undervalues RPC's
stock, and we want the opportunity to continue to buy back our shares at what
we believe are attractive levels," said Richard A. Hubbell, President and CEO
of RPC, Inc.  "Our current cash position allows us to implement this
repurchase program that reflects our commitment to enhance shareholder value.
We are also pleased to be able to increase our cash dividend, as one way of
rewarding our shareholders and potentially increasing the investment appeal of
our common stock."

    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 and
Rocky Mountain regions, and in selected international markets.  RPC's oil and
gas services operating business units include Cudd Pressure Control, Patterson
Services, and Bronco Oilfield Services.  RPC's investor Web site can be found
on the Internet at www.rpc.net .

     For information contact:
     BEN M. PALMER
     Chief Financial Officer
     404.321.2140

     JIM LANDERS
     Corporate Finance
     404.321.2162
     irdept@rpc.net

SOURCE  RPC, Inc.
    -0-                             01/27/2004
    /CONTACT:  Ben M. Palmer, Chief Financial Officer, +1-404-321-2140, or Jim
Landers, Corporate Finance, +1-404-321-2162, or irdept@rpc.net, both of RPC,
Inc./
    /Web site:  http://www.rpc.net /
    (RES)

CO:  RPC, Inc.
ST:  Georgia
IN:  OIL
SU:  DIV