Helmerich & Payne (NYSE:HP) is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.
Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins. Over its history, the company has introduced walking rotary rigs and automated drilling technologies that reduce non-productive time and improve drilling precision. In 2011, Helmerich & Payne strengthened its international footprint through the acquisition of Pride International, gaining access to offshore and international onshore markets in Africa, the Middle East and Latin America.
Today, the company operates across six continents, providing drilling services in major U.S. regions such as the Permian Basin, Williston Basin and Gulf Coast, as well as in Canada, South America, Asia and Africa. In addition to rig operation, Helmerich & Payne deploys digital analytics platforms—such as its SmartFleet system—to monitor drilling performance in real time, enhance predictive maintenance and optimize drilling parameters. This combination of hardware, software and field services underscores the company’s commitment to operational excellence and environmental stewardship.
Helmerich & Payne is led by President and Chief Executive Officer John G. Lindsay, who has steered the company’s emphasis on technological innovation and global diversification. Under his leadership, the company continues to adapt its fleet composition and service offerings to evolving energy markets while maintaining a focus on safety, reliability and long-term partnerships with its clientele.
