Helmerich & Payne (HP) Company Profile
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General Information
Name: Helmerich & Payne
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Helmerich & Payne is a contract drilling company. In addition to conventional drills H&P designed and employ their own FlexRigs� in conjunction with their operations. They conduct business in the US. South America, and Tunisia. H&P contracts drilling rigs, equipment, personnel, and camps to explore and develop oil and gas resources. At the end of quarter 3 of 2008, it had 185 land drilling rigs in the US 8 offshore platform rigs; and international land rigs. The company also owns, develos. , and operates commercial real estate properties in Tulsa, Oklahoma. (see report summary)
Management Analysis
Helmerich & Payne's management team was promoted from within. Research indicates that internal hires produce better long term returns for investors. A cult-like culture is good for Helmerich & Payne, because it results in a host of positive, long term business results.
Helmerich & Payne Milestones
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