U.S. rig demand has moderated by design, not distress, with Helmerich & Payne forecasting a 132–148 rig full-year range that reflects operator discipline, inventory preservation, and a lack of urgency to grow volumes. The takeaway is a stable but selective shale market where fewer rigs are needed, yet each rig must handle harder, more complex wells—concentrating work with high-spec, performance-driven contractors.
Helmerich & Payne (H&P) remains one of the most important barometers of U.S. onshore drilling activity. As a leading provider of high-spec land rigs, H&P’s well count offers a real-time lens into where capital is flowing, which operators are most active, and which basins continue to anchor U.S. oil and…
As Q1 2025 earnings roll in, two leading service providers—ProFrac Holding Corp. and Helmerich & Payne, Inc.—offered clear-eyed perspectives on the current state of U.S. drilling activity, rig demand, efficiency efforts, and technology-driven strategy. Here’s what they said and what it means for the sector.
H&P drilling has completed 709 wells year-to-date, with the highest activity in Texas (404 wells) and New Mexico (177 wells). XTO Energy Inc. leads with 128 wells drilled, followed by OXY USA Inc. (62) and Devon Energy (58). The most active rig is H&P 329, while Lea and Eddy counties in New Mexico see the highest drilling concentration.
Helmerich & Payne, Inc. (H&P) has long been recognized as a leader in high-performance drilling solutions. As the company reports its Q1 FY25 earnings, its North America Solutions (NAS) segment continues to maintain strong rig utilization despite market fluctuations. However, shifting demand trends and economic uncertainties have led to minor adjustments in rig activity.
Helmerich & Payne, Inc. (NYSE: HP), a leading drilling contractor, reported its first-quarter fiscal 2025 results, shedding light on steady U.S. rig activity despite broader industry uncertainties. While the company’s net income and revenue declined slightly from the previous quarter, its North America Solutions (NAS) segment remained resilient, showcasing consistent performance and efficiency gains.
On November 13, 2024, Helmerich & Payne (H&P) released its Q4 FY24 earnings, highlighting a year of strong performance, strategic initiatives, and a focus on innovation. In this blog post, we delve into what the company shared about its U.S. operations, their distinctive drilling solutions approach, advanced technologies driving efficiency, and the outlook for the upcoming fiscal year.
Helmerich & Payne, Inc. (NYSE: HP), a leading provider of advanced drilling solutions, has announced its financial results for the third quarter of fiscal year 2024. The company reported a net income of $89 million, or $0.88 per diluted share, reflecting a robust performance despite industry headwinds.
Helmerich & Payne (HP), a leading oil and gas well-drilling contractor, is set to report its Q2 2024 earnings on July 24. Analysts anticipate a year-over-year decline in both earnings and revenue, with an expected EPS of $0.77, down 29.4% from the previous year, and revenues projected at $670.57 million, a 7.4% decrease.
Helmerich & Payne, Inc. (NYSE: HP) reported a fiscal second quarter net income of $85 million, or $0.84 per diluted share, on operating revenues of $688 million.
