H&P Buys Their Way Into The High-Tech Drilling Arms Race

Helmerich & Payne, the clear first mover in the last rig technology cycle, has been more “middle of the pack” this time. Until now. This week, H&P bought their way into the high tech drilling conversation with the acquisition of MOTIVE Drilling Technologies. The last time H&P press released an acquisition was 2008 (they are not a frequent buyer), suggesting this latest drilling rig technology trend is very real and pressuring management teams to keep up. We share thoughts on their deal and this trend…

 

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