Seeking Alpha

More on Helmerich & Payne's (HP +0.3%) FQ1 results: Although U.S. land drilling...

More on Helmerich & Payne's (HP +0.3%) FQ1 results: Although U.S. land drilling revenues shot from $617M to $696M, revenue days, average daily rig rates and utilization in the segment were all down. Offshore and international results all rose. Says it will build and operate a trio of FlexRigs with a pair of E&P companies, adding to the two it already has on order.
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