Helmerich & Payne, Inc. · NYSE:HP

Helmerich & Payne — Investor Presentation (February 2005)

11 slides from Helmerich & Payne's investor presentation, Feb 3, 2005

  1. Slide 1: Helmerich & Payne, Inc.

    December 2004 ESTABLISHED 1920 HELMERICH & PAYNE, INC. 2 February 2005

  2. Slide 2: Forward-looking statements

    The information contained within this presentation is forward looking and involves risks and uncertainties that could significantly impact expected results. A discussion of these risks and uncertainties is contained in the Company's Form 10-K filed with the Securities and Exchange Commission on Dece

  3. Slide 3: Rig Locations

    Rig Locations 101 U.S. Rigs 27 International Rigs 128 Total H&P Rigs 7 Management Contracts South America Venezuela 9/12 Colombia 2/2 Ecuador 8/8 Bolivia 0/3 Argentina 1/1 GOM 5/11 U.S. Land 84/90 California Equatorial Guinea Russia Hungary - Rig 168 (In Transit to U.S.)

  4. Slide 4: Move from Deep to Mid-Depth Land Rigs

    1997 1998 1999 2000 2001 2002 2003 2004 Rigs 18,000' + 15 15 15 16 18 22 22 21 Rigs 8 - 18,000' 15 21 25 23 31 44 61 69 Move from Deep to Mid-Depth Land Rigs

  5. Slide 5: Newest Fleet In Industry

    Newest Fleet In Industry Built or Upgraded February 2005 % of Fleet 1980 - 1989 16 12% 1990 - 1994 23 18% 1995 - 1999 38 30% 2000 - 2004 51 40% Total Rigs 128 100% Electric Rigs (SCR & AC) 93% Varco Top Drives 109

  6. Slide 6: Rig Status as of 2 February 2005

    Rigs Available 61 29 11 27 128 Rigs Working/ Contracted 61 23 5 21 110 % Activity 100% 79% 45% 78% 86% U.S. Land, FlexRig & Mobile U.S. Land, Conventional U.S. Platform International Land Total Management Contracts: U.S. GOM & CA Equatorial Guinea Russia Total Rigs Working/Contracted Rig Status as o

  7. Slide 7: Rig Count and EBITDA (3 mos avg)

    1996 1997 1998 1999 2000 2001 2002 2003 2004 Rig Count 585 583 606 614 629 643 655 682 682 708 714 714 689 719 745 748 778 830 818 842 858 856 835 861 836 811 772 726 696 692 670 656 635 606 587 531 479 432 410 387 395 435 468 510 573 608 639 635 635 627 634 659 689 715 763 819 848 886 893 920 929 9

  8. Slide 8: U.S. Land Cash Flow Margin

    U.S. Land Cash Flow Margin Helmerich & Payne, Inc. EUS. Land Cash Flowttargin Baker Hughes US. Lend Rig Count 600 400 Baker Hughes U.S. Land Rig Count & oo & & Sh SF SM of s eS & 99,000 38,000 $7,000 36,000 $5,000 34,000 $3,000 $2,000 $1,000 0 Cash Flow Margin Per Rev. Day

  9. Slide 9: FlexRig3 Project Return Estimates

    FlexRig3 32 rigs 30 months in field 21 months average rig age FlexRig3 Project Return Estimates 4000 5000 6000 7000 8000 9000 10000 11000 Actual 12 mos. FY2004 Avg. Dayrate* $11,560 CoCR, No Tax CoCR, Fully Taxed Actual 1st Qtr FY2005 Avg. Dayrate $13,570 ROI, Fully Taxed Actual Feb.1, 2005 Avg. Day

  10. Slide 10: FlexRig3 Highlights

    FlexRig3 Highlights of Rigs 210 - 241 1. Field performance vs. customer's planned drill curves ? 563 complete wells to date ? 372 wells (66%) under ? 25 wells (5%) on ? 166 wells (29%) over 2. 40% of FlexRig3s are currently drilling directional, more technically difficult wells, compared to 26% for

  11. Slide 11: FlexRig3 H&P Rig - Wyoming

    FlexRig3 H&P Rig 241 - Wyoming

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