The Tulsa-based drilling contractor anticipates its North American rig counts will hit the high end of its previous projections, while international and offshore activity remains steady at the midpoint of expectations. This operational momentum arrives alongside a broader push to scale automated solutions across the fleet.
In section Market Quotes
Helmerich & Payne Targets High-End Margins Amid Drilling Expansion
Helmerich & Payne expects to close its fourth quarter at the top of its guidance range, buoyed by a robust performance in its International Solutions segment. Chief Executive Trey Adams reported that direct margins for international operations are tracking toward $45 million, signaling a period of sustained growth for the firm.
Looking toward the coming year, the company maintains a bullish stance on its portfolio. Management credits this outlook to productive customer negotiations and a steady demand for secure energy supplies. To further cement this strategy, the firm confirmed an expanded deployment of its FlexRobotics technology with ExxonMobil. This partnership aims to integrate automated drilling systems to improve safety metrics and efficiency, underscoring the company's reliance on high-performance technology to navigate current market volatility.
Comments (0)
No comments yet. Be the first!