Contract driller Helmerich & Payne Inc. has been repositioning its rig fleet or the last 10 years, well in advance of the shale revolution that has swept the oil and gas patch. Back then it wasn’t known how well suited the firm’s FlexRigs would be to horizontal drilling in the shales. As it turns out, they work quite well, H&P CEO Hans Helmerich told financial analysts during a fiscal fourth quarter earnings conference call.
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Articles from Payne
First Reserve, Private Producer to Build Marcellus Infrastructure
Energy banker First Reserve Corp. on Tuesday said it has created a joint venture (JV) with Appalachian operator Energy Corp. of America (ECA) initially to build natural gas gathering systems in the Marcellus Shale.
October 12, 2011
Helmerich & Payne Sees Growth in U.S. Onshore Market
Tulsa-based contract drilling company Helmerich & Payne Inc. said Tuesday it has agreements in place with eight U.S. exploration and production companies to build and operate 12 of its proprietary FlexRigs, which are to begin onshore operations in fiscal 2012.
July 7, 2011
Helmerich & Payne Building More Onshore Rigs
Helmerich & Payne Inc. (H&P) has entered into agreements to build and operate seven of its trademark FlexRigs, which would be built for U.S. onshore use by four producers under multi-year contracts.
July 8, 2010
Driller Says More U.S. Contracted Rigs Idled
Helmerich & Payne Inc. (H&P), whose drilling business is concentrated in the U.S. onshore, said 23 rig contracts were terminated early in just the past month.
March 4, 2009
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