H&P has divested its Casing Running Division to Parker Wellbore
Helmerich & Payne, Inc. (NYSE:HP) (“H&P”)
Founded in 1920, Helmerich & Payne, Inc. 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. For more information, visit www.helmerichpayne.com.
Parker Wellbore (“Parker”)
Parker provides complete wellbore services from drilling, to rental tools to well construction services. Parker’s drilling services business serves operators with both Company-owned and customer-owned rig fleets in select U.S. and international markets, specializing in remote and harsh environment regions. Parker’s rental tools services business supplies premium equipment and well services to operators on land and offshore in the U.S. and international markets. Parker also provide well construction services, which includes tubular running services and downhole tool rentals, well intervention services, which includes whipstocks, fishing, and related services, as well as inspection and machine shop support. For more information, visit www.parkerwellbore.com.
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: