Drillform has Received Senior Secured Funding from H&P
Drillform Technical Services, Ltd (“Drillform”)
Founded in 2010, Drillform designs, manufactures and services high-quality robotic drilling equipment for onshore and offshore rigs across the United States, Canada and the Middle East. Drillform’s product portfolio includes automated floor wrenches, service and drilling catwalks as well as hydraulic top drives. In addition, Drillform employs skilled technicians to provide equipment upgrades, overhauls and repairs for recertification. Drillform has facilities in Tulsa, Oklahoma, Odessa, Texas and Abu Dhabi.
Helmerich & Payne, Inc. (NYSE:HP) (“H&P”)
Founded in 1920, H&P is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, H&P designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: