Last $116.25 USD
Change Today +0.21 / 0.18%
Volume 513.1K
As of 6:40 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

helmerich & payne (HP) Snapshot

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helmerich & payne (HP) Details

Helmerich & Payne, Inc. primarily operates as a contract drilling company in North and South America. It provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and fixed platforms, tension-leg platforms, and spars in offshore areas. As of November 14, 2013, the company’s fleet included 305 land rigs in the U.S., 29 international land rigs, and 9 offshore platform rigs. Its contract drilling business operates through three reportable segments: U.S. Land, Offshore, and International Land. The U.S. Land segment operates primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Pennsylvania, Ohio, Utah, Arkansas, New Mexico, Montana, North Dakota, West Virginia, and Nevada. The Offshore segment conducts operations in the Gulf of Mexico, and offshore of California and Equatorial Guinea. The International Land segment has operates in Ecuador, Colombia, Argentina, Tunisia, Bahrain, and the United Arab Emirates. The company, through its subsidiaries, is also involved in the ownership, development, and operation of commercial real estate; and the research and development of rotary steerable technology. Its real estate investments include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately one million leasable square feet, and approximately 210 acres of undeveloped real estate located within Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.

10,318 Employees
Last Reported Date: 11/27/13
Founded in 1920

helmerich & payne (HP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer and Vice President
Total Annual Compensation: $683.1K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $750.5K
Chairman of The Board and Consultant
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

helmerich & payne (HP) Key Developments

Helmerich & Payne, Inc. Amends its Amended and Restated By-Laws

On June 4, 2014, the Board of Directors of Helmerich & Payne, Inc. approved an amendment to the Amended and Restated By-Laws of the company. The By-Laws as so amended are effective as of June 4, 2014. Article II, Section 11 of the By-Laws provides, in part, the manner in which a stockholder may bring a matter before a stockholder meeting. Article II, Section 11 requires a stockholder to submit a notice to the company containing certain information pertinent to the stockholder proposal or nomination of a director. The By-Laws have been amended by adding clause (vii) to Article II, Section 11(c). Clause (vii) provides that, as part of the stockholder’s notice concerning the nomination of a director, the director nominee must represent and agree that he or she (i) is not and will not become a party to any agreement, arrangement or understanding and has given no commitment as to how, if elected, such person will vote as a director (except as disclosed to the company) and has no and will not have a voting commitment that might interfere with the director’s fiduciary duties, (ii) is not and will not be a party to any agreement, arrangement or understanding to accept compensation (other than from the company) in connection with his or her service as a director (except as disclosed to the company), and (iii) will comply with all publicly disclosed corporate governance, confidentiality and other policies of the company if elected.

Helmerich & Payne, Inc. Announces Agreements to Build and Operate Nine Additional FlexRigs in U.S; Provides Capital Expenditure Guidance for the Fiscal 2014

Helmerich & Payne, Inc. announced that it has entered into agreements with five exploration and production companies to build and operate nine additional FlexRigs in the U.S. All of these rigs are under multi-year term contracts, which brings the total number of new build commitments announced in fiscal 2014 to 53 new FlexRigs. The company's capital expenditures estimate for fiscal 2014 remains at $1.1 billion.

Helmerich & Payne, Inc. Declares Dividend for the Third Quarter Ending June 30, 2014, Payable on September 2, 2014

Helmerich & Payne, Inc. announced that its Board of Directors declared a dividend of $0.6875 per share of common stock for its third quarter ending June 30, 2014. This represents a 10% increase from the company's prior quarterly regular dividend level of $0.625 per share. The dividend is payable on September 2, 2014 to shareholders of record at the close of business on August 15, 2014.


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