Helmerich & Payne, Inc. engages in contract drilling of oil and gas wells. Segments The company’s contract drilling business is composed of three segments: U.S. Land, Offshore, and International Land. The U.S. Land segment drilled primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Pennsylvania, Ohio, Utah, Arkansas, New Mexico, Montana, North Dakota, West Virginia and Nevada. The Offshore segment operations were conducted in the Gulf of Mexico, and offshore of California and Equatorial Guinea. The International Land segment operated in six international locations during 2013: Ecuador, Colombia, Argentina, Tunisia, Bahrain and United Arab Emirates (UAE). The company’s real estate investments located exclusively within Tulsa, Oklahoma, include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately 1 million leasable square feet and approximately 210 acres of undeveloped real estate. Subsidiaries The company’s subsidiary, TerraVici Drilling Solutions, Inc. (TerraVici), is in the process of developing patented rotary steerable technology to enhance horizontal and directional drilling operations. Contract Drilling The company is a land and offshore platform drilling contractor in the western hemisphere. Operating principally in North and South America, the company specializes in shallow to deep drilling in oil and gas producing basins of the United States and in drilling for oil and gas in international locations. In the United States, the company draws its customers primarily from the major oil companies and the larger independent oil companies. In South America, its customers include major international oil companies. BHP Billiton, Devon Energy Production Co. LP and Occidental Oil and Gas Corporation are its three major contract drilling customers. The company performs drilling services for BHP and Devon in U.S. land operations and Oxy on a world-wide basis. Rigs, Equipment and Facilities The company provides drilling rigs, equipment, personnel and camps on a contract basis. These services are provided so that its customers may explore for and develop oil and gas from onshore areas and from fixed platforms, tension-leg platforms and spars in offshore areas. Each of the drilling rigs consists of engines, drawworks, a mast, pumps, blowout preventers, a drill string and related equipment. In addition to traditional platform rigs, the company operates self-moving platform drilling rigs and drilling rigs to be used on tension-leg platforms and spars. U.S. Land Drilling As of September 2013, the company had 302 of land rigs available for work in the United States. Offshore Drilling: In 2013, the company had eight of its nine offshore platform rigs under contract and continued to work under management contracts for two customer-owned rigs. International Land Drilling Argentina: As of September 30, 2013, the company had nine rigs in Argentina. The Argentine drilling contracts are primarily with large international or national oil companies. Colombia: As of September 30, 2013, the company had seven rigs in Colombia. The Colombian drilling contracts are primarily with large international or national oil companies. Ecuador: As of September 30, 2013, the company had six rigs in Ecuador. The Ecuadorian drilling contracts are primarily with large international or national oil companies. Other Locations: As of September 30, 2013, the company had two rigs in Tunisia, three rigs in Bahrain, and two rigs in the UAE. History Helmerich & Payne, Inc. was founded in 1920. The company was incorporated under the laws of the state of Delaware in 1940.
helmerich & payne (HPC:Frankfurt)
1437 South Boulder Avenue
Tulsa, OK 74119
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