Here is a summary of what we at H&P do and a second summary of things we do not do. We provide the second summary because we find it is often assumed that our operations overlap in ways they do not with the exploration and production, midstream and downstream parts of the oil and gas sector.

What We Do

  • Make drilling for oil safer and more efficient
  • Build and renovate drilling rigs at two industrial facilities in Texas and Oklahoma
  • Oversee drilling operations on our rigs on customer sites
  • Drill predominantly on-shore in the U.S. - 88% of rigs available for work are U.S. on-shore; U.S. onshore represented 80% of revenue in 2017 (vs Nabors, for example, with approximately 60% of 2017 revenue coming from international operations)
  • Invest in technology - research and development expense totaled $12.0 million in fiscal 2017, $10.3 million in fiscal 2016, and $16.1 million in fiscal 2015
  • Employ over 9,700 people, over 99% in full-time positions
  • Provide full medical, dental and vision insurance plans for employees and their families; provide life insurance and long-term disability plans; provide health care and dependent care flexible spending accounts to help employees reduce taxes; offer an employee 401K plan; offer an educational assistance plan to help employees who want to continue their formal education

What We Don’t Do

  • Buy, lease, prepare, manage, restore land or responsibility for the protection of wildlife or biodiversity of property
  • Pump oil or gas from the ground
  • Procure, transport or pump water underground, or treat or remove waste water from the site, or arrange for its disposal
  • Assume responsibility for the prevention of fugitive releases or emissions associated with the oil and gas production process
  • Engage in oil and gas transport, refining or storage
  • Engage in downstream operations

Thus, while H&P plays a role helping our customers make overall production as safe and efficient as possible, many of the environmental and safety risks associated with the oil and gas sector fall outside of our operations and areas of responsibility. Our most critical responsibility is therefore the safety of our employees and the employees of our customers. But we cast a very wide net to make sure we consider all of the ways we can make the impact of our knowledge and operations positive.