Helmerich & Payne, Inc. (HPC)

Profile

https://www.hpinc.com

Helmerich & Payne is a leading land and offshore drilling contractor that provides drilling rigs, equipment, and specialized crews to oil and gas exploration and production companies. The company operates one of the largest fleets of super-spec rigs in North America, featuring advanced technology capable of drilling horizontal wells extending over two miles. These high-powered platforms incorporate digital controls, automation technologies, and remote operations monitoring to support complex unconventional oil and gas development. Helmerich & Payne generates revenue through day-rate contracts ranging from well-to-well agreements to multi-year fixed-term arrangements with major integrated oil companies, independent producers, and private equity-backed exploration firms. The company operates through three segments: North America Solutions, primarily serving Texas; Offshore Solutions, with operations in the Gulf of Mexico, North Sea, and Caspian Sea; and International Solutions, with presence in Argentina, Bahrain, Colombia, Australia, and Saudi Arabia. The company also maintains manufacturing facilities in Texas and Oklahoma for rig assembly, upgrades, and equipment overhauls, serving as a comprehensive drilling services platform within the global energy sector.