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.

Symbol(s)
NYSE: HP
Headquarters Address

1437 South Boulder Ave.
Tulsa, OK 74119
United States

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News

U.S. oilfield service firm Patterson-UTI Energy said it is seeing significant price increases for both drilling and hydraulic…

U.S. drilling contractor Helmerich & Payne exited the quarter with 171 active rigs, an increase of 10% from the first quarter. It…

Additionally, ADNOC Drilling will acquire eight land rigs from Helmerich & Payne as part of the strategic alliance.

Coupled with software enhancements and machine learning, manned rigs of today are morphing into autonomous units of tomorrow.

Even so, the driller is expecting a "modest" increase in rig activity in the current quarter over last. Helmerich & Payne plans to…

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,…

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