Helmerich & Payne
| Helmerich & Payne, Inc. | |
|---|---|
| legal form | Inc. |
| ISIN | US4234521015 |
| founding | 1920 |
| Seat | Tulsa , United States |
| management | John W. Lindsay |
| Number of employees | 7,270 |
| sales | 1,805,000,000 USD |
| Branch | Drilling services |
| Website | www.hpinc.com |
| As of September 30, 2017 | |
Helmerich & Payne derrick above Bakken Formation
Helmerich & Payne is an American drilling service provider based in Tulsa , Oklahoma . The company sinks wells for oil and gas companies.
Helmerich & Payne FlexRig - derricks are leading bores in unconventional reservoirs (eg. Shale gas ).
In 2015, the company had 343 drilling rigs in use, but due to the low oil and gas prices, they only had a utilization rate of 62%.