H&P Sees 'Encouraging' Signs in US Land Drilling Market

摘要

Helmerich & Payne on Thursday said market fundamentals in the US land drilling market were improving, particularly for contractors offering sophisticated rig models used for horizontal drilling in unconventional oil and gas basins. In announcing results for the July-September quarter, H&P Chairman and CEO Hans Helmerich noted "encouraging signs" in the market over the past few months, despite US a rig count that has remained relatively flat.