Helmerich & Payne, Inc. (“H&P”) is the successor to a business originally organized in 1920. H&P is primarily engaged in contract drilling of oil and gas wells for exploration and production companies. The contract drilling business accounts for almost all of H&P’s operating revenues, making it one of the major land and offshore platform drilling contractors in the world.
Helmerich & Payne, Inc. engages in the contract drilling of oil and gas wells in the United States and internationally. The company provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and from fixed platforms, tension-leg platforms, and spars in offshore areas. It conducts domestic land drilling primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Alabama, Arkansas, New Mexico, and North Dakota, and offshore drilling from platforms in the Gulf of Mexico, California, Trinidad, and Equatorial Guinea. As of September 30, 2007, the company had 156 land drilling rigs in the U.S.; 7 offshore platform rigs; and international land rigs, including 10 in Venezuela, 7 in Ecuador, 3 in Argentina, 2 in Colombia, and each 1 in Bolivia, Chile, and Tunisia. In addition, Helmerich & Payne engages in the ownership, development, and operation of real estate, principally commercial properties, in Tulsa, Oklahoma. Its property portfolio includes a shopping center, interest in a residential condominium, two service centers, and a multi-tenant warehouse space. The company was founded in 1920 and is based in Tulsa, Oklahoma.
Helmerich & Payne Inc.
1437 S Boulder Avenue
Tulsa, OK 74119
Web Site: http://www.hpinc.com
Shares Outstanding5: 104.33M
% Held by Insiders1: 3.12%
% Held by Institutions1: 82.70%
52-Week High (11-Jun-08)3: 67.95
52-Week Low (16-Aug-07)3: 27.68
50-Day Moving Average3: 59.92
200-Day Moving Average3: 47.01
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