Helmerich & Payne, Inc.

Helmerich & Payne, Inc.

Helmerich & Payne, Inc. was founded in 1920 and is based in Tulsa, Oklahoma. Helmerich & Payne, Inc. engages in the contract drilling of oil and gas wells in the United States and internationally. Helmerich & Payne, Inc. 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. Helmerich & Payne, Inc. conducts domestic land drilling primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Utah, Arkansas, New Mexico, and North Dakota; and offshore drilling in the Gulf of Mexico, offshore of California, Trinidad, and Equatorial Guinea. As of September 30, 2009, Helmerich & Payne, Inc. had 201 land drilling rigs in the United States; 9 offshore platform rigs; and international land rigs, including 1 in Venezuela, 6 in Colombia, 4 in Ecuador, 9 in Argentina, 1 in Tunisia, and 6 rigs in Mexico. In addition, Helmerich & Payne engages in the ownership, development, and operation of commercial real estate properties, as well as the research and development of rotary steerable technology.

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