Helmerich and Payne Inc

XMUN:HPC

Business Description

Sector

Energy

Industry

Energy

Headquarters

United States of America US

Employees

15 700

IPO date

Mar 20, 1963

Helmerich & Payne is an oilfield services company that drills wells for oil and natural gas producers. It owns and operates drilling rigs, along with the equipment and crews needed to drill horizontal and directional wells, especially on land in the United States. Its customers are energy companies and independent producers that need reliable drilling capacity without owning all the rigs themselves.

The company makes money mainly by charging customers to use its rigs and drilling services under contract. In simple terms, customers pay for access to the rig, the crew, and the expertise needed to drill efficiently and safely. Helmerich & Payne sits in the middle of the energy supply chain: it does not produce oil or gas itself, but it helps producers reach the reserves underground.

What makes the business different is that it is built around drilling execution, not selling a finished product. Its value comes from rig reliability, operating discipline, and the ability to drill complex wells better than a generic contractor. That makes it a specialized partner for exploration and production companies that want dependable drilling performance and a large, experienced rig fleet.