Helmerich & Payne, Inc. Investor Relations Meetings October 6, 2014
Ongoing U.S. Land Market Trends Increasing market demand for AC drive rigs Slightly improving spot market pricing Continued customer focus on drilling efficiency, technology and safety Conversations with customers for…
H&P Activity as of September 30, 2014 Rigs Rigs Working/ % Available Contracted Contracted U.S. Land 338 294 87% (1) AC Drive FlexRigs 305 293 96% SCR Fleet 33 1 3% Offshore 9 9 100% International Land 36 28 78% Total 383 331 86%…
H&Ps U.S. Land Fleet Activity (1) (1) Includes completed new builds pending delivery and not generating revenue days.
Leading U.S. Unconventional Driller (334 H&P Contracted Land Rigs as of 9/30/14*) * Includes 40 announced new FlexRigs with customer commitments scheduled for delivery in fiscal 2015.
H&Ps International Land Operations Rig Fleet Status (as of September 30, 2014) Active In-Transit Idle Total Argentina 7 6 1 14 Bahrain 3 3 Colombia 5 3 8 Ecuador 4 2 6 Mozambique 1 1 Tunisia 2 2 U.A.E. 2 2 Total 22 6 8 36
New Build FlexRigs 83 new FlexRig contracts announced during fiscal 2014 43 of the 83 announced new FlexRigs have already been delivered Building at a cadence of four FlexRigs per month Flexibility in managing our own…
The Replacement Cycle Continues As of October 2008 (Peak) As of September 2014 (1,900 Active Rigs in U.S. Land (1,900 Active Rigs in U.S. Land By Power Type) By Power Type) Note: The above estimates corresponding to rig activity…
Growth / Decline in U.S. Lower 48 Rig Activity As of 9/30/14 *Represents average active rigs for NBR, PTEN, and UNT.
Active U.S. Land Rigs by Rig Type Note: The above estimates corresponding to rig activity are derived from multiple sources including Rig Data, Smith Bits, and corporate filings. Additionally, the drawworks capacity of each land rig…
Marketed AC Drive Rig Market Share Note: The above estimates corresponding to U.S. Lower 48 AC Drive fleets are derived from RigData and corporate filings, and correspond to existing AC drive rigs as of the second quarter…