Helmerich & Payne, Inc. · NYSE:HP
Helmerich & Payne — 2012 Citi Global Energy Conference
8 slides from Helmerich & Payne's conference presentation, Jun 6, 2012
Slide 1: Helmerich & Payne, Inc. 2012 Citi Global Energy Conference
Helmerich & Payne, Inc. 2012 Citi Global Energy Conference June 7, 2012
Slide 2: Forward-looking Statements
Statements within this presentation are “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, and are based on current expectations and assumptions that are subject to risks and uncertainties. All statements other than statements of hi
Slide 3: Comments on Today's Market
Comments on Today’s Market H&P’s rig activity levels are increasing as expected. Spot pricing for FlexRigs remains steady in the U.S. Land market. We continue to deliver new FlexRigs at the rate of approximately four rigs per month. Although the pace of inquiries has slowed relative to calendar year
Slide 4: Growing Exposure to Oil & Liquids
H&P’s Growing Exposure to Oil & Liquids Estimated proportion of H&P’s active U.S. Land rigs by primary hydrocarbon target as of 6/6/12 (1) Oil and liquids-rich gas percentage includes a small number of contracted rigs that are moving or will soon move from dry gas plays. Includes two rigs in the spo
Slide 5: U.S. Land Fleet Activity
H&P’s U.S. Land Fleet Activity (1) Active rigs on term (in blue) generated both revenue and revenue days. (2) Includes completed new builds that were waiting on customers and which generated revenue but did not generate revenue days. (1) (2)
Slide 6: H&P Activity as of June 6, 2012
H&P Activity as of June 6, 2012 Rigs Working/ Contracted 243 7 25 275 32 307 Rigs Available 272 9 29 310 32 342 % Contracted 89% 78% 86% 89% U.S. Land Offshore International Land Total FlexRig Construction Total Fleet (2) Includes one FlexRig that recently transferred to the International Land segme
Slide 7: Global Fleet Under Term Contract
H&P’s Global Fleet Under Term Contract
Slide 8: End of Document
End of Document
Helmerich & Payne — 2012 Citi Global Energy Conference on 6ix