HP
- Helmerich & Payne, Inc.
()
Overview
Company Summary
Helmerich & Payne, Inc. (HP) is a renowned global drilling contractor primarily engaged in the exploration and production (E&P) sector of the oil and gas industry. Founded in 1920 and headquartered in Tulsa, Oklahoma, HP operates a fleet of technologically advanced drilling rigs and provides drilling services for various oil and gas companies worldwide.
The company's principal service offering is contract drilling, wherein they lease out their drilling rigs along with crews and associated drilling equipment to exploration and production companies. HP's rigs are designed to operate in both conventional and unconventional drilling environments, including land, offshore, and international markets.
HP's drilling fleet consists of various types of rigs, including traditional mechanical rigs, electric rigs, and highly sophisticated FlexRigs. The FlexRigs are equipped with advanced automation technology and are recognized among the industry's most technologically advanced and efficient drilling systems.
The company's contract drilling services encompass both drilling new wells and maintaining existing ones. HP aims to meet the diverse drilling needs of its clients by providing safe, efficient, and cost-effective drilling operations. Their rigs are designed to be adaptable for drilling deep, directional, and horizontal wells, catering to the evolving requirements of the oil and gas industry.
Helmerich & Payne also offers several complementary services to support its drilling operations. These services include directional drilling, measurement while drilling (MWD) systems, extended reach drilling (ERD), and drilling optimization software. Moreover, the company provides engineering, transportation, and maintenance services to ensure the smooth functioning and optimization of its drilling rigs.
In summary, Helmerich & Payne, Inc. is a leading drilling contractor that leases and operates advanced drilling rigs, providing drilling services to oil and gas exploration and production companies worldwide. Their expertise lies in delivering safe, efficient, and innovative drilling solutions to meet the diverse needs of the industry.