November 21, 2025–Written by Will Ploch, Assistant Editor-in-Chief for Industrial Info Resources (Sugar Land, Texas)–Helmerich & Payne Incorporated (H&P) (Tulsa, Oklahoma) wrapped up its 2025 fiscal year with a stronger presence in the Permian Basin and other hotspots for oil and gas drilling, despite a lower rig count and an increasingly challenging environment for oil exploration. The company, which remains the largest drilling contractor by active rig count in the U.S., also aims to broaden its role internationally.
Industrial Info is tracking more than $1.5 billion worth of active and proposed projects featuring H&P’s services, more than $860 million of which is found in Texas. Executives at H&P announced in a quarterly earnings-related conference call Tuesday that they expect capital expenditures (capex) for the 2026 fiscal year to total between $280 million and $320 million, including between $40 million and $60 million for the company’s North American Services division.
Other companies featured: Ovintiv Incorporated, Exxon Mobil Corporation and Chevron Corporation
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