With oil and natural gas development rising, Tulsa-based driller Helmerich & Payne Inc. (H&P) is on course to achieve the best economic returns in eight years, CEO John Lindsay said recently. 

“We are beginning to recognize economic returns at levels that we have not experienced since 2014,” Lindsay said during the fiscal fourth quarter quarter conference call earlier this month. “As such, we believe there is significant momentum heading into fiscal 2023,” repeating comments he made in October. 

“During my 35-year career, I have never witnessed a higher level of alignment and communication with our customers, resulting in greater transparency and value delivery,” the CEO said.

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