# Helmerich & Payne

Helmerich & Payne is an Asset Manager based in Tulsa, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Tulsa, United States
- **Region:** North America
- **Address:** 222 N. Detroit Ave, Tulsa, OK 74120, United States
- **Founded:** 1920
- **Assets under management:** Undisclosed
- **Website:** www.helmerichpayne.com

## Regulatory record

- **Reports private funds:** No

## About

Helmerich & Payne, Inc. is a global drilling contractor that provides energy drilling rigs and services. The company was founded in 1920 by Walter Helmerich II and William Payne. H&P is known for its signature rig fleet, unmatched efficiency gains, and commitment to safety and sustainability.

## Sectors

- Energy Transition & Renewables

## Offices

- Aberdeen, UK

## People

- Walter Helmerich II — Co-Founder
- William Payne — Co-Founder

## Questions

### How does H&P earn its revenue?

The firm predominantly uses performance-based contracts tied to drilling efficiency — measured by footage drilled, connections made, and automated stands completed — rather than traditional day-rate contracts. This model aligns H&P’s economics with the operator’s objective of reducing time on location and overall well cost.

### What changed after the KCA Deutag merger?

Closed in 2025, the merger brought KCA Deutag’s 135-year legacy of offshore and international land drilling under H&P’s umbrella. The combined company now operates across more than 30 countries, with a significantly expanded presence in the Middle East, Europe, and Africa alongside its historical North American unconventional land fleet.

### Does H&P invest in outside fund managers or venture capital?

There is no public evidence that H&P operates as a limited partner in external venture or private-equity funds. Its capital deployment is industrial: the company invests in rig fabrication, technology development, and strategic acquisitions such as KCA Deutag.

### What is H&P’s role in the energy transition?

In April 2026, H&P and Baker Hughes announced a collaboration to advance U.S. geothermal development, applying H&P’s drilling fleet and engineering capabilities to well construction for geothermal energy. This represents a diversification of the rig fleet’s end-market beyond hydrocarbons, though oil and gas remain the core revenue driver.

## Related profiles

- [Centroid Systems](https://altss.com/profile/centroid-systems)

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Last updated: 2026-07-11T02:01:20.000Z

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