Girish Mahajan

Helmerich and Payne

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Type  Public
Revenue  3.72 billion USD (2014)
Founded  1920
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Traded as  NYSE: HP S&P 500 Company
Industry  Oilfield Services & Equipment
Products  Oilfield Products & Services
Operating income  US$ 1.054Billion (2014)
Stock price  HP (NYSE) US$ 66.48 -1.89 (-2.76%)8 Mar, 4:01 PM GMT-5 - Disclaimer
Headquarters  Tulsa, Oklahoma, United States
CEO  John W. Lindsay (5 Mar 2014–)
Subsidiaries  Helmerich & Payne International Drilling Co

Helmerich payne layoffs


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.

Contents

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History

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.

References

Helmerich & Payne Wikipedia


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