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Analyze offshore drilling costs with timely S&P Global day rate data. Updated monthly, the Offshore Rig Day Rate Trends report tracks competitive mobile offshore drilling fleet day rates and utilization across four representative rig categories.
By continuously evolving the drilling process through our best-in-class technology, industry-leading rig designs and purpose-driven expertise, we deliver precision, predictability and safety—helping operators maximize production and unlock value beyond just the drilling.
Under current industry norms, incorporating more services and solutions into a rig day-rate model is a losing proposition in the long-term for land drillers. New pricing model partnerships being pursued by H&P – performance-based contracts, KPIs, revenue per foot, etc. H&P SELLING RESULTS –.
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Apr 18, 2022 · Helmerich & Payne, Inc. (NYSE: HP) is a legendary driller whose roots go back to the 1920's. The company has a comparatively clean balance sheet, and a fleet of easily convertible Flex rigs...
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Apr 28, 2023 · Helmerich & Payne, or H&P, continued to benefit from a strong North America drilling market, posting revenue growth of 65% year over year and 7% sequentially for the firm’s fiscal second...
May 5, 2022 · Offering a quick, easy-to-use analytical tool, that allows clients to see day rates for each individual rig, based on the rig specification and the day rate expectations of the country it is currently based in.
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Find out more about how the performance-based contract model allows H&P to minimize risk, reduce costs, increase revenue and align our success with our customers' success. For more than 100 years, Helmerich & Payne has led the drilling industry through foresight, innovation and follow through.
