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Helmerich & Payne Inc.
26 articles mentioning Helmerich & Payne Inc. · Page 1 of 2
Top Drilling Contractors Talk 2H '23 and 2024
The top drilling contractors provided an early look into what to expect in the second half and 2024. 1. Drilling activity is expected to continue declining into 3Q and stablized into the last quarter. 2. Expecting...
Here is what To Expect in 2023 US. Drilling Market; From Contractors
To better understand what to expect in 2023 drilling market. We looked at info from the public drilling contractors. H&P - Modest uplift of +16 rigs in '23 "Customer demand during the fourth fiscal quarter was...
Helmerich & Payne Fiscal Third Quarter 2022 Results
Helmerich & Payne, Inc. reported its fiscal third quarter 2022 results. The company reported net income of $18 million, or $0.16 per diluted share, from operating revenues of $550 million for the quarter ended June 30,...
Helmerich & Payne Fiscal First Quarter 2022 Results
Helmerich & Payne Inc. reported its fiscal first quarter 2022. Highlights: H&P's North America Solutions segment exited the first quarter of fiscal year 2022 with 154 active rigs, up over 20% during the quarter Quarterly North...
Helmerich & Payne Fiscal Fourth Quarter 2021 Results
Helmerich & Payne, Inc. reported its fiscal fourth quarter and full year 2021 results. Highlights: H&P's North America Solutions segment exited the fourth quarter of fiscal year 2021 with 127 active rigs, up 5% during the...
Helmerich & Payne Partners, Invests in Abu Dhabi's ADNOC Drilling
Helmerich & Payne and The Abu Dhabi National Oil Company (ADNOC) (and its subsidiary, ADNOC Drilling) have announced a strategic alliance, that will see ADNOC Drilling acquire eight FlexRig® land rigs from H&P for $86.5 million....
Drilling Contractors Talk What to Expect in 2H21
After reviewing Q2 reports, calls as well as speaking with customers, here is an overview of what to expect for the drilling & completions market for the remainder of 2021. Outlooks from several drilling contractors, including...
Drilling Contractor Predicts 500 Rigs by YE2021, Disciplined Spending
Helmerich & Payne, Inc. reported its Q4 and full year 2020 results. Conference Call Highlights The company outlined several important things in its call, including its outlook for rig growth and E&P spending for 2021. Predicts...
Helmerich & Payne Fiscal Q4: Predicts Big Rig Jump at Start of 2021
Helmerich & Payne, Inc. reported its fiscal Q4 2020 results. Predicts 30% Rig Increase in Early 2021 President and CEO John Lindsay commented, “We expect our contracted rigs to increase by one-third during the first fiscal...
Helmerich & Payne Fiscal Third Quarter 2020 Results
Helmerich & Payne, Inc. reported a net loss of $46 million or $(0.43) per diluted share from operating revenues of $317 million for the quarter ended June 30, 2020, compared to a net loss of $421...
Helmerich & Payne Fiscal Second Quarter 2020 Results
Helmerich & Payne, Inc. reported a net loss of $421 million or $(3.88) per diluted share from operating revenues of $634 million for the quarter ended March 31, 2020, compared to net income of $31 million,...
Service Companies Talk 2020: Rigs, Spending, Outlook
Below we take a look at the highlights from Patterson-UTI and Helmerich & Payne's Q4 conference calls. Quick Read Patterson UTI and H&P control some ~42% of the contract drilling market. Here what they think will...
H&P Talks New Model; 14,100 Wells To Be Drilled In 2020
In its Q4 report and call, Helmerich & Payne talked up its new model for drilling contractors in 2020 and beyond. The new model is defined by the company as "performance contracts". Performance Contracts "As John...
Helmerich & Payne Fiscal Fourth Quarter 2019 Results
Helmerich & Payne, Inc. reported income of $41 million or $0.37 per diluted share from operating revenues of $649 million for the quarter ended September 30, 2019, compared to a net loss of $155 million, or...
Helmerich & Payne Gives Peek at 2020 Budget; Down Nearly 40% YOY
Helmerich & Payne, Inc. detailed its preliminary 2020 capital budget as well as an update on operations. Capex for Fiscal 2020 The Company is proposing a preliminary capital expenditure budget for fiscal 2020 of approximately $300...
H&P: Rig Count Not at Bottom Yet; International / Vaca Muerta Ops Pick Up
Helmerich & Payne reported its Q2 2019 results. Here are the highlights: US Drilling Softens Further; Rig Count Hasn't Hit Bottom President and CEO John Lindsay commented, “The industry saw further softening in U.S. drilling activity...
Helmerich & Payne Adds Finance Pro to Board
Helmerich & Payne, Inc. announced that Mary M. VanDeWeghe was appointed to the Company’s Board of Directors effective June 5, 2019. With Ms. VanDeWeghe’s appointment, Helmerich & Payne’s Board has expanded to include 11 members. About...
Helmerich & Payne Talks Q1; E&Ps; Conservative Activity; Rig Forecast
Helmerich & Payne reported its Q1 2019 result. Here are the highlights from its report and conference call. Similar to Patterson-UTI, H&P believes that Q2 will represent the bottom of the rig count decline: “Based on...
Rig Count Drop: Thoughts from Contractors Who Own 47% of the Market Share
Shale Experts looked through numerous Q4 reports and conference calls from several service companies, including Pioneer, Precision, Helmerich & Payne and Patterson UTI - these companies, together, control 47% of the market share. In short, the...
Helmerich & Payne Reaffirms Capex; Talks 2015 Outlook
The Company continues to expect a total of approximately $1.3 billion in capital expenditures during all of fiscal 2015.