Helmerich & Payne - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Helmerich & Payne M&A Summary

Helmerich & Payne has acquired 2 companies, including 1 in the last 5 years.

Helmerich & Payne’s largest acquisition to date was in 2017, when it acquired MOTIVE Drilling Technologies for $75M. Helmerich & Payne has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include software (100%).

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 2,059M USD for 2022 and 1,219M USD for 2021.

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 Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Advisors 3

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 the drilling of oil and gas wells for exploration and production companies. The Company stands as one of the primary land and offshore platform drilling contractors in the world and is an industry leader in innovation, a fact most notably demonstrated by its FlexRig technology. 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 (0.0/yr) # 2 - - - - - 2
vol $75M $75M
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
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 (100%) 75M (100%) - -
Total 2 $75M - -

By Geo

State/Country Buy Value Sell Value
France 1 - - -
United States 1 75M - -
  Texas 1 75M - -
Domestic 1 (50%) 75M (100%) - -
Cross-border 1 (50%) - - -
Total 2 $75M - -

Top M&A Advisors

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

Deal Values

buy # Total
< $100M 1 $75M
TOTAL $75M
Largest MOTIVE Drilling Technologies, Inc.
$75M (2017-05-22)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

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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