Helmerich & Payne, Inc. engages in the contract drilling of oil and gas wells. The company provides drilling rigs, equipment, personnel, and camps on a contract basis. These services are provided so that its customers might explore for and develop oil and gas from onshore areas and from fixed platforms, tension-leg platforms, and spars in offshore areas. Segments The company operates through three segments: U.S. Land, Offshore, and International Land. U.S. Land This segment’s operations drilled primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Pennsylvania, Ohio, Utah, Arkansas, New Mexico, Montana, North Dakota, and West Virginia during the year ended September 30, 2012. Offshore This segment’s operations are conducted in the Gulf of Mexico, and offshore of California, Trinidad, and Equatorial Guinea. International Land This segment operated in six international locations, including Ecuador, Colombia, Argentina, Tunisia, Bahrain, and the United Arab Emirates during the year ended September 30, 2012. Real Estate The company also engages in the ownership, development, and operation of commercial real estate, and the research and development of rotary steerable technology. Its real estate investments located within Tulsa, Oklahoma, include a shopping center containing approximately 441,000 leasable square feet; and multi-tenant industrial warehouse properties containing approximately 1 million leasable square feet and approximately 210 acres of undeveloped real estate. The company’s subsidiary, TerraVici Drilling Solutions, Inc. (TerraVici), is developing patented rotary steerable technology to improve horizontal and directional drilling operations. It owns TerraVici to primarily complement its existing drilling rig technology, as well as to offer directional drilling services to third parties. Customers In the United States, the company draws its customers primarily from the major oil companies and independent oil companies. In South America, its customers include major international oil companies. Its contract drilling customers include Occidental Oil and Gas Corporation; Marathon Oil Company; and Devon Energy Production Co. LP. History Helmerich & Payne, Inc. was founded in 1920.