Helmerich & Payne (HP: NYSE) Investor Relations Material

Overview

Helmerich & Payne, Inc. continues to cement its position as a leading provider of drilling services and solutions for exploration and production companies. Operating through three segments - North America Solutions, Offshore Gulf of Mexico, and International Solutions - the Oklahoma-based company has been expanding its drilling operations both at home and abroad. The North America Solutions segment boasts a formidable presence in Colorado, Louisiana, Montana, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, and Wyoming, while the Offshore Gulf of Mexico segment has drilling operations in Louisiana and in U.S. federal waters in the Gulf of Mexico. Meanwhile, the International Solutions segment conducts drilling operations in Argentina, Bahrain, Colombia, and the United Arab Emirates. As of September 30, 2022, Helmerich & Payne operated a fleet of 236 land rigs in North America, 28 international land rigs, and 7 offshore platform rigs, reflecting the company's commitment to technological innovation and enhancing drilling operations' quality and placement. Outside of its core business, Helmerich & Payne also owns and operates commercial real estate properties that include a shopping center of approximately 366,000 leasable square feet and approximately 176 acres of undeveloped real estate located in Tulsa, Oklahoma. Helmerich & Payne's storied history dates back to 1920, and even now, the company remains at the forefront of drilling services and solutions, enabling exploration and production companies to access oil and gas resources safely and efficiently.