Global oilfield technology specialist Helmerich & Payne Inc. (H&P) is making “good progress” in deploying digital technology solutions and revamping commercial models for the industry, but there’s still work to be done, CEO John Lindsay said last week.

Helmerich

Lindsay and CFO Mark W. Smith shared a microphone to discuss the fiscal 2Q2021 results and the outlook for this year. 

“The increase in activity we experienced during the first half of our fiscal 2021 year has been encouraging, particularly in light of the record industry downturn last year,” Lindsay said. 

H&P’s U.S. rig count at the end of April was at 118 rigs, up 25% since the end of December. It holds about 35% of the U.S. public exploration and production (E&P) rig market share and about 14% of the private E&Ps....