Walter Helmerich III
 |
|
| Public | |
| Traded as | : HP S&P 500 Company |
| Industry | Oilfield Services & Equipment |
| Founded | 1920 |
| Headquarters | Tulsa, Oklahoma |
| Products | Oilfield Products & Services |
| Revenue |
 US$ 3.720 Billion (2014) |
|
US$ 1.054Billion (2014) |
|
|
US$ 708.7 Million (2014) |
|
| Total assets |
US$ 6.722 Billion |
| Total equity |
US$ 4.891 Billion |
|
Number of employees
|
11,914 (2014) |
| Website | www |
Helmerich & Payne, Inc. is a petroleum contract drilling company engaged in oil and gas well drilling for exploration and production companies headquartered in Tulsa, Oklahoma, with operations throughout the world. Their FlexRigs, introduced in 1998, have been used extensively in drilling unconventional shale formations, such as the Permian Basin in Texas, Bakken formation in North Dakota and the Eagle Ford formation in Texas. The company is part of the S&P 500 stock market index.
The company was founded in 1920 as a joint venture between Walt Helmerich II and Bill Payne, who met on an oil rig in South Bend, Texas. The company moved to Tulsa six years later.
After benefiting and growing as a result of shale drilling, as of 2015, the company was contracting as lower prices in crude oil led to cuts in use of their oil rigs.
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Wikipedia