Helmerich & Payne - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Helmerich & Payne M&A Summary

Helmerich & Payne has acquired 3 companies, including 2 in the last 5 years.

Helmerich & Payne’s largest acquisition to date was in 2024, when it acquired KCA Deutag Drilling for $2.0B. Helmerich & Payne has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include software (67%) and oil/gas exploration (34%).

Helmerich & Payne Business Overview

Where is Helmerich & Payne headquartered?

Helmerich & Payne is headquartered in Tulsa, Oklahoma.

What is Helmerich & Payne’s revenue?

Helmerich & Payne disclosed revenue of 2,872M USD for 2023 and 2,059M USD for 2022.

How many employees does Helmerich & Payne have?

Helmerich & Payne has 5,932 employees.

What sector is Helmerich & Payne in?

Helmerich & Payne is an oil/gas exploration company.

When was Helmerich & Payne founded?

Helmerich & Payne was founded in 1920.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Advisors 5

Helmerich & Payne

Helmerich & Payne, Inc.

1437 South Boulder Avenue, Suite 1400,
Tulsa, Oklahoma 74119
United States,
(918) 742-5531
www.hpinc.com

Helmerich & Payne is a contract drilling company engaged primarily in drilling oil and gas wells for exploration and production companies. Helmerich & Payne was founded in 1920 and is based in Tulsa, Oklahoma.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - - - 1 3
vol $75M $2.0B $2.0B
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
KCA Deutag Drilling Ltd. 2024-07-25 2.0B USD Add-on Acquisition
Aberdeenshire, United Kingdom · www.kcadeutag.com
DrillScan 2019-08-21 - Add-on Acquisition
Villeurbanne, France · www.drillscan.com
MOTIVE Drilling Technologies, Inc. 2017-05-22 75M USD Add-on Acquisition
Dallas, Texas · www.motivedrilling.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 2 (67%) 75M (4%) - -
Oil/Gas Exploration 1 (33%) 2.0B (96%) - -
Total 3 $2.0B - -

By Geo

State/Country Buy Value Sell Value
France 1 - - -
United Kingdom 1 2.0B - -
United States 1 75M - -
  Texas 1 75M - -
Domestic 1 (33%) 75M (4%) - -
Cross-border 2 (67%) 2.0B (96%) - -
Total 3 $2.0B - -

Top M&A Advisors

Financial Deals
Morgan Stanley
 1
Simmons & Company
 1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
 2
Vinson & Elkins
 1
Kirkland & Ellis
 1

Deal Values

buy # Total
> $1B 1 $2.0B
< $100M 1 $75M
TOTAL $2.0B
Largest KCA Deutag Drilling Ltd.
$2.0B (2024-07-25)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

2,872   40% 2023
2,059   69% 2022
1,219   32% 2021
1,774   37% 2020
2,798   13% 2019
2,487   38% 2018
1,805   12% 2017
1,624   49% 2016
3,165   15% 2015
3,720   10% 2014
3,387   8% 2013
3,151   2012
(millions of USD) Show More Show Less

Employees

5,932

Established

1920

Public

NYSE: HP

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