Helmerich & Payne

Helmerich & Payne, Inc. is a contract drilling company based in Tulsa, Oklahoma, specializing in the drilling of oil and gas wells for exploration and production firms. Renowned as one of the foremost land and offshore platform drilling contractors globally, the company is recognized for its innovative FlexRig technology, which is particularly effective for drilling horizontal wells in US shale plays. Helmerich & Payne operates a substantial fleet of land drilling rigs and maintains a presence in nearly every major shale play across the United States, while also expanding its operations in international markets, including South America, the Middle East, and Africa. With over 95 years of industry experience, the company is dedicated to upholding its reputation for excellence through continuous innovation and high-quality service.

Micah Backlund

HSE Director

John Bell

Senior Vice President

Jeffrey Flaherty

Senior Vice President, Operations

Gordon Helm

Vice President and Controller

Walt Helmerich II

Co-Founder

John Lindsay

CEO

Chris Miller

Director, Corporate Development at H&P Corporate Ventures

Bill Payne

Co-Founder

Juan Pablo Tardio

Vice President and CFO

11 past transactions

RDS

Acquisition in 2025
RDS - Drilling Engineering Specialists provides engineering services for the oil and gas industry. The company focuses on rig design, drilling facilities, and operations consultancy. As a division of KCA Deutag, RDS offers expertise in both onshore and offshore projects, ensuring safety and efficiency in their engineering solutions. Their services are utilized by major topsides and drilling contractors globally.

KCA Deutag

Acquisition in 2024
KCA Deutag is a drilling and engineering contractor that provides services for both onshore and offshore operations globally. The company specializes in delivering safe, reliable, and efficient drilling solutions, particularly in harsh and challenging environments. KCA Deutag is engaged in the design, construction, and manufacturing of drilling rigs and related components, which enables clients to implement cost-effective and durable oilfield systems. The company's focus on innovative technology and robust engineering allows its rigs to operate effectively in extreme conditions, meeting the diverse needs of its clients in the energy sector.

Safety Radar

Seed Round in 2024
Safety Radar is a developer of a risk management and mitigation platform that utilizes artificial intelligence to provide real-time multi-factor analysis of operational risks. The technology focuses on preventing job site accidents by tracking behavioral risks and facilitating training. This enables organizations to swiftly identify and address potential hazards, thereby protecting their employees, assets, and overall reputation. Through its innovative approach, Safety Radar empowers organizations to act quickly in response to emerging risks in their operational environments.

Fervo Energy

Series C in 2022
Fervo Energy, founded in 2017 and based in San Francisco, California, specializes in the development and commercialization of next-generation geothermal power technology. The company focuses on owning, developing, and operating geothermal assets to generate clean, carbon-free energy in new locations. By leveraging innovations in geoscience, Fervo Energy aims to accelerate the transition to a sustainable energy future, positioning itself as a key player in the evolution of the electric grid. Its proprietary technology serves as a dispatchable foundation for achieving a fully clean energy system, enabling clients to enhance productivity and scalability in energy production.

GreenFire Energy

Series A in 2022
GreenFire Energy is a geothermal technology company focused on advancing clean and sustainable energy solutions through its patented closed-loop geothermal system, known as GreenLoop. This innovative technology enhances the economic productivity of both existing underperforming geothermal wells and new projects, ensuring the long-term viability of geothermal energy. GreenFire Energy collaborates with strategic partners to implement Advanced Geothermal Systems (AGS) globally, and it is recognized for its expertise in the field, having conducted the world's first field-scale demonstration of closed-loop geothermal technology in California. The company is also involved in the Wells2Watts Consortium, which explores the application of its technology in oil and gas wells. With a strong emphasis on research and development, GreenFire holds 24 international patents and has published numerous technical papers, positioning itself as a leader in closed-loop geothermal technology and contributing to the transition to clean, continuous renewable energy.

Fervo Energy

Series B in 2021
Fervo Energy, founded in 2017 and based in San Francisco, California, specializes in the development and commercialization of next-generation geothermal power technology. The company focuses on owning, developing, and operating geothermal assets to generate clean, carbon-free energy in new locations. By leveraging innovations in geoscience, Fervo Energy aims to accelerate the transition to a sustainable energy future, positioning itself as a key player in the evolution of the electric grid. Its proprietary technology serves as a dispatchable foundation for achieving a fully clean energy system, enabling clients to enhance productivity and scalability in energy production.

DrillScan

Acquisition in 2019
DrillScan SAS, established in 2001 and headquartered in Villeurbanne, France, specializes in designing and developing drilling engineering software tailored for the oil and gas industry. The company offers a range of services, including directional drilling software, well engineering services, and training courses aimed at enhancing drilling efficiency and safety. With additional operations in the United States and the United Arab Emirates, DrillScan has positioned itself as a key player in providing innovative drilling solutions. As of August 2019, DrillScan operates as a subsidiary of Helmerich & Payne Technologies, LLC.

MOTIVE Drilling Technologies

Acquisition in 2017
MOTIVE Drilling Technologies, Inc. specializes in the design and development of directional drilling bit guidance solutions, focusing on enhancing drilling operations through technology. The company has created the MOTIVE Directional Drilling Guidance System, which provides partial automation by streamlining the analysis and decision-making processes involved in directional drilling. Utilizing cognitive computing, this system delivers turn-by-turn instructions to optimize the drilling of horizontal wells while considering both cost and economic impacts. Additionally, MOTIVE offers support services through its mobile application. Established in 2010 and headquartered in Dallas, Texas, MOTIVE Drilling Technologies operates as a subsidiary of Helmerich & Payne, Inc. as of June 2017.

TerraVici Drilling Solutions

Acquisition in 2008
TerraVici Drilling Solutions specializes in rotary steerable directional drilling services across North America, primarily catering to the oil and gas industry. The company has developed an in-house designed Rotary Steerable System (RSS) that features advanced variable transmission-based drilling technology. This innovative solution enhances drilling performance and efficiency, benefiting both oil and gas operations as well as mining applications. TerraVici aims to provide high-quality equipment and techniques to its clients, ensuring effective and reliable drilling solutions.

Horton Company

Acquisition in 1962
Horton Company, a specialist in laying cable for the telephone industry. Horton's patented cable-laying plow was soon adapted for ECCO's pipeline work.

Natural Gas Odorizing

Acquisition in 1960
Natural Gas Odorizing, Inc., (NGO) of Houston in 1960. NGO manufactured chemicals that added odor and taste to natural gas, which were necessary for detecting the presence of the volatile material.
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