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Helmerich & Payne Inc.

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About

Since 1920, Helmerich and Payne Inc. (H&P) has been the industry’s most trusted partner in U.S. land, international and offshore drilling productivity and reliability. The company operates through several subsidiaries: 
 
• H&P, IDC, our international drilling operations.   
• MOTIVE® Drilling Technologies, Inc., our bit guidance solution to drill higher quality wellbores using a scalable, repeatable, data-driven platform approach. 
• Magnetic Variation Services, LLC (MagVAR), our solution that reduces surveying uncertainty 50% to 60% and increases horizontal well economics while reducing risk. 
• TerraVici Drilling Solutions, Inc., our rotary steering systems solution. 

A long-standing commitment to safety and risk reduction reinforces the importance we place on people and value creation. Customers have ranked H&P 1st in the industry 10 years in a row because we offer the best drilling design, fabrication and operational performance packages. By leveraging a strategic blend of our outstanding talent, automation technology, data solutions and growth opportunities, we are poised to continue paving the way in industry innovation well into the future.

Transactions

Report Date Amount (MM) Description
2019-08-21 --

Helmerich & Payne Acquires Drilling Software Provider DrillScan

Helmerich & Payne Acquires Drilling Software Provider DrillScan

Report Date Amount (MM) Description
2017-12-08 --

H&P's Acquisition Of MagVAR To Bring Shale Drilling Accuracy To New Level

H&P's Acquisition Of MagVAR To Bring Shale Drilling Accuracy To New Level

Report Date Amount (MM) Description
2017-05-22 $100.00

Helmerich & Payne’s $100 Million Upgrade: Thinking Drills

Helmerich & Payne’s $100 Million Upgrade: Thinking Drills

2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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New Financings

Report Date Type Amount (MM) Description
2021-09-29 Helmerich & Payne Inc. Debt $550.00

Completed a private offering of 2.900% senior notes due 2031. Proceeds will be used, plus cash on hand,…

2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound

TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.

Chevron Exec: Shale Still in ‘Early Days’ of Recovery Potential

From innovation to shale well recovery rates, executives at Chevron, SLB, Helmerich & Payne and Transocean see a lot more work ahead.

Some Payne, But Mostly Gain for H&P in Q4 2023

Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.

Drilling Automation Systems Provide Consistency Across Wells, Fields, Personnel

Automated drilling systems don’t get tired, forgetful or concerned about the type of rig or formation.

Liberty Energy Joins US Wildcatters in Australian Shale

Liberty Energy’s entry rounds out the upstream portion of Tamboran Resources’ plan to develop the Beetaloo Basin in northern Australia.

Looking Back at the Frac

It took a lot of trial and error over the decades to make hydraulic fracturing an overnight success.

Bryan Sheffield: Asset Sellers Need Bid/Ask Therapy

Advisers need to sharpen their pencils at the negotiation table, E&P operator Bryan Sheffield said — because “all you're going to do is upset your seller by promising a market that isn't there. No one's going to pay you.”

Safer Than Ever, But Room for Improvement

Advanced technology and social changes have made the oil patch less dangerous for U.S. workers, but industry insiders say there is always room for improvement.

Tech Trends: Automated Floor Wrench Improves Rig Safety, Accuracy [WATCH]

Helmerich & Payne's Hexgrip 120 is designed to reduce drill pipe damage, improve safety while on the rig floor and increase torque accuracy. Find out how in this week's episode of Tech Trends with Jaxon Caines. 

Alliances Bringing Australia’s Beetaloo to Life

Tamboran Resources with help from APA Corp. and Helmerich & Payne is advancing its goal of producing 1.5 Bcf/d by 2035 from the Australian shale play.

Venture Capital Fund Adds Helmerich & Payne as Investment Partner

Helmerich & Payne joins Devon Energy, ONEOK and Williams in investing EIC Rose Rock’s energy technology startups.

H&P Sees Softening Rig Activity, Expects to Drop 24 Rigs

Despite a rig count lower than predicted, Helmerich and Payne CEO John Lindsay predicts a strong second half in 2023 as oil drilling picks up.

H&P Becomes 20th Member of Permian Strategic Partnership

Helmerich & Payne joins an impressive list of top industry heavyweights as the 20th member of the Permian Strategic Partnership. 

US Land Drillers: Drilling Faster, Reaching More Resources

Here’s how Big Data is informing intelligent design for drilling operations, according to experts from U.S.-based land drilling companies Patterson-UTI and Helmerich and Payne.

Oilfield Service Firms’ Q2 Fortunes Turn Up

In second-quarter earnings, oilfield service companies Weatherford, NOV and H&P revealed rising revenues from the same period last year.