Could Today’s Land Drilling Leader Become Tomorrow’s Laggard?

Helmerich & Payne’s FlexRig3s have made the company the best-in-class US land driller for a decade. Ask any analyst who the best land driller with the best fleet is and they’ll say H&P almost unanimously.

But will that always be the case?

Now for the first time in a decade, management is having to answer questions about the continued relevance of its 217 FlexRig3s and 78 FlexRig4s. The company is still running more rigs in the Lower 48 than anyone else today, but questions are arising as to how long this will be the case. Here’s a look at why…

There’s a lot more to this story…

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