HP

Helmerich & Payne, Inc. (H&P) provides performance-driven drilling solutions primarily to oil and gas exploration and production companies. Headquartered in Tulsa, Oklahoma, the company operates one of the largest fleets of land drilling rigs in the industry, with approximately 200 rigs actively deployed across North America and select international markets. H&P specializes in advanced drilling technology through its FlexRig fleet, which features AC drive technology, automated drilling systems, and digital solutions that enhance operational efficiency and safety. The company operates through three primary segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions, with North America representing the substantial majority of its operations. H&P distinguishes itself through its focus on super-spec rigs capable of drilling complex horizontal wells in unconventional shale formations. The company has invested significantly in digital technologies and automation, including its Motive Drilling Technologies subsidiary acquired in 2020, which provides automated directional drilling systems. With approximately 4,000 employees, H&P serves major and independent oil and gas operators through long-term contracts and spot market arrangements. Recent strategic priorities include fleet optimization, technology integration, and expanding its presence in high-activity drilling basins such as the Permian Basin, while maintaining financial discipline through commodity price cycles.