Helmerich & Payne (H&P) is a top drilling company in US that began in 1920, when Walter “Walt” Helmerich II—a thrill-seeking aviator from Chicago, and William “Bill” Payne—a hard-working microbiologist from Shawnee, Oklahoma, met on a Star 29 cable rig in South Bend, Texas. From this unlikely pairing was born a partnership, a deep friendship and the oil and gas drilling company that still bears their names.
2024 H&P Drilling Summary
H&P 2024 summary YTD, EOG had the most well spuds with H&P rigs at 320, while in 2023, PIONEER NATURAL RESOURCES led with 356. Texas had the highest overall activity, with Martin County topping the list at 452 well spuds. The total well spuds in 2024 have steadily increased month over month, reaching 2,421 so far.
Oil & Gas Data Download
H&P Rig by Operator Report 2024
Helmerich & Payne, Inc Rig Locator Map
Drilling Contracts
Helmerich & Payne, Inc. (H&P) is a global provider of drilling services and technologies for the oil and gas industry. The company is primarily known for its expertise in drilling rigs and related technologies. Here are some key details about Helmerich & Payne:
- Drilling Services: Helmerich & Payne specializes in providing contract drilling services to oil and gas exploration and production companies. The company operates a fleet of drilling rigs designed for various drilling applications, including vertical and horizontal drilling.
- FlexRig Technology: H&P is well-known for its proprietary drilling rig technology called FlexRig. FlexRig systems are designed to provide enhanced drilling efficiency and flexibility, particularly in unconventional resource plays. The technology allows for the drilling of both vertical and horizontal wells in challenging geological formations.
- Rig Fleet: The company’s fleet consists of technologically advanced drilling rigs, and it has a reputation for maintaining one of the youngest and most modern fleets in the industry. The rigs are equipped with advanced automation and control systems to optimize drilling operations.
- Geographic Presence: Helmerich & Payne operates globally, providing drilling services in various oil and gas basins. Its operations are not limited to a specific region, and the company has a presence in both domestic and international markets.
- Technological Innovation: The company places a strong emphasis on technological innovation to improve drilling efficiency, safety, and cost-effectiveness. The development and deployment of advanced drilling technologies have been key aspects of H&P’s strategy.
- Customer Relationships: Helmerich & Payne works closely with major oil and gas companies as well as independent operators. The company’s reputation for providing reliable and technologically advanced drilling services has contributed to its success in maintaining strong customer relationships.
- Corporate Headquarters: The corporate headquarters of Helmerich & Payne is located in Tulsa, Oklahoma, USA.
As of my last knowledge update in January 2022, it’s advisable to check the latest information from Helmerich & Payne through their official website or other reliable sources for the most recent developments, financial reports, and operational updates. The oil and gas industry can experience changes, and staying updated with the latest information is essential for an accurate understanding of the company’s current status.
H&P Rigs
Midland Basin
APA
H&P 533 – APA – Midland County, TX ranks #1 in the state of Texas for BOE produced in the most recent month (Jun 2022).
H&P 268 – APA – Glasscock County, TX ranks #12 in the state for BOE produced in the most recent month (Jul 2022).
XTO/Pioneer
H&P 439 – Pioneer – Martin County
Rig H&P 472 – Pioneer – Midland County
Google Rig H&P 255 XTO Martin 36T2N
Google Rig H&P 421 XTO Martin 36T2N
Other Basin
H&P 549 Rig – Eddy County, NM ranks #2 in the state for BOE produced in the most recent month (Jul 2022).
Rig H&P 329 – Rio Blanco County, CO ranks #6 in the state for BOE produced in the most recent month (Oct 2023).
Rig H&P 479 – Eddy County, NM ranks #2 in the state for BOE produced in the most recent month (Jul 2022).
Rig H&P 419 – Oxy – Lea County, NM ranks #1 in the state for BOE produced in the most recent month (Oct 2022).
Rig H&P 246 – EOG – Eddy County, NM ranks #2 in the state for BOE produced in the most recent month (Oct 2022).
H&P 373 – Oxy – Eddy County, NM ranks #2 in the state for BOE produced in the most recent month (Oct 2022).
Rig H&P 463 – XTO – Martin County, TX ranks #3 in the state for BOE produced
Rig H&P 487 – Pioneer/XTO Midland County TX
H&P 475 – TG Natural Resources – HARRISON, County TX
Rig H&P 541 – DEWITT County, TX – Operator:BPX
Rig H&P 248 – Dawson County – IKE OPERATING, LLC
Rig H&P 650 Martin ROBB-STONE XTO
Rig H&P 467 Glasscock TROPICANA WEST XTO
