3.72 billion USD (2014)
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Oilfield Services & Equipment
Oilfield Products & Services
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Tulsa, Oklahoma, United States
John W. Lindsay (5 Mar 2014–)
Helmerich & Payne International Drilling Co
Helmerich & Payne, Inc. is a petroleum contract drilling company engaged in oil and gas well drilling for exploration and production companies headquartered in Tulsa, Oklahoma, with operations throughout the world. Their FlexRigs, introduced in 1998, have been used extensively in drilling unconventional shale formations, such as the Permian Basin in Texas, Bakken formation in North Dakota and the Eagle Ford formation in Texas. The company is part of the S&P 500 stock market index.
Helmerich & Payne Wikipedia
The company was founded in 1920 as a joint venture between Walt Helmerich II and Bill Payne, who met on an oil rig in South Bend, Texas. The company moved to Tulsa six years later.
After benefiting and growing as a result of shale drilling, as of 2015, the company was contracting as lower prices in crude oil led to cuts in use of their oil rigs.