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Helmerich and Payne inc   (HP)
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Helmerich And Payne Inc 's Customers Performance

HP

 
HP's Source of Revenues Customers of Helmerich And Payne Inc saw their costs of revenue decrease by -8.72 % in Q4 compare to a year ago, sequentially costs of revenue were trimmed by -12.92 %, for the same period Helmerich And Payne Inc recorded revenue increase by 75.61 % year on year, sequentially revenue grew by 13.99 %.

List of HP Customers




Customers of Helmerich And Payne Inc saw their costs of revenue decrease by -8.72 % in Q4 compare to a year ago, sequentially costs of revenue were trimmed by -12.92 %, for the same period Helmerich And Payne Inc recorded revenue increase by 75.61 % year on year, sequentially revenue grew by 13.99 %.

List of HP Customers


   
Customers Net Income fell in Q4 by Customers Net margin fell to %
-58.31 % 5.89 %



Helmerich And Payne Inc 's Customers, Q4 2022 Revenue Growth By Industry
Customers in Chemicals - Plastics & Rubber Industry -17.44 %   
Customers in Oil And Gas Production Industry      128.33 %
Customers in Professional Services Industry      2.64 %
     
• Customers Valuation • Customers Mgmt. Effect.


Helmerich And Payne Inc 's Comment on Sales, Marketing and Customers



In the United States, we draw our customers primarily from the major oil companies and the larger independent oil companies. In South America, our current customers include major international oil companies.

BHP Billiton, Devon Energy Production Co. LP and Occidental Oil and Gas Corporation, including their affiliates, are our three largest contract drilling customers.

Our drilling contracts are obtained through competitive bidding or as a result of negotiations with customers, and often cover multi-well and multi-year projects. Each drilling rig operates under a separate drilling contract. All drilling services were performed on a "daywork" contract basis, under which we charge a fixed rate per day, with the price determined by the location, depth and complexity of the well to be drilled, operating conditions, the duration of the contract, and the competitive forces of the market. We have previously performed contracts on a combination "footage" and "daywork" basis, under which we charged a fixed rate per foot of hole drilled to a stated depth, usually no deeper than 15,000 feet, and a fixed rate per day for the remainder of the hole. Contracts performed on a "footage" basis involve a greater element of risk to the contractor than do contracts performed on a "daywork" basis. Also, we have previously accepted "turnkey" contracts under which we charge a fixed sum to deliver a hole to a stated depth and agree to furnish services such as testing, coring and casing the hole which are not normally done on a "footage" basis. "Turnkey" contracts entail varying degrees of risk greater than the usual "footage" contract. We have not accepted any "footage" or "turnkey" contracts in over fifteen years.

We believe that under current market conditions, "footage" and "turnkey" contract rates do not adequately compensate us for the added risks. The duration of our drilling contracts are "well-to-well" or for a fixed term. "Well-to-well" contracts are cancelable at the option of either party upon the completion of drilling at any one site. Fixed-term contracts generally have a minimum term of at least six months but customarily provide for termination at the election of the customer, with an "early termination payment" to be paid to us if a contract is terminated prior to the expiration of the fixed term. However, under certain limited circumstances such as destruction of a drilling rig, our bankruptcy, sustained unacceptable performance by us or delivery of a rig beyond certain grace and/or liquidated damage periods, no early termination payment would be paid to us.

Contracts generally contain renewal or extension provisions exercisable at the option of the customer at prices mutually agreeable to us and the customer. In most instances contracts provide for additional payments for mobilization and demobilization.


Helmerich And Payne Inc 's Comment on Sales, Marketing and Customers


In the United States, we draw our customers primarily from the major oil companies and the larger independent oil companies. In South America, our current customers include major international oil companies.

BHP Billiton, Devon Energy Production Co. LP and Occidental Oil and Gas Corporation, including their affiliates, are our three largest contract drilling customers.

Our drilling contracts are obtained through competitive bidding or as a result of negotiations with customers, and often cover multi-well and multi-year projects. Each drilling rig operates under a separate drilling contract. All drilling services were performed on a "daywork" contract basis, under which we charge a fixed rate per day, with the price determined by the location, depth and complexity of the well to be drilled, operating conditions, the duration of the contract, and the competitive forces of the market. We have previously performed contracts on a combination "footage" and "daywork" basis, under which we charged a fixed rate per foot of hole drilled to a stated depth, usually no deeper than 15,000 feet, and a fixed rate per day for the remainder of the hole. Contracts performed on a "footage" basis involve a greater element of risk to the contractor than do contracts performed on a "daywork" basis. Also, we have previously accepted "turnkey" contracts under which we charge a fixed sum to deliver a hole to a stated depth and agree to furnish services such as testing, coring and casing the hole which are not normally done on a "footage" basis. "Turnkey" contracts entail varying degrees of risk greater than the usual "footage" contract. We have not accepted any "footage" or "turnkey" contracts in over fifteen years.

We believe that under current market conditions, "footage" and "turnkey" contract rates do not adequately compensate us for the added risks. The duration of our drilling contracts are "well-to-well" or for a fixed term. "Well-to-well" contracts are cancelable at the option of either party upon the completion of drilling at any one site. Fixed-term contracts generally have a minimum term of at least six months but customarily provide for termination at the election of the customer, with an "early termination payment" to be paid to us if a contract is terminated prior to the expiration of the fixed term. However, under certain limited circumstances such as destruction of a drilling rig, our bankruptcy, sustained unacceptable performance by us or delivery of a rig beyond certain grace and/or liquidated damage periods, no early termination payment would be paid to us.

Contracts generally contain renewal or extension provisions exercisable at the option of the customer at prices mutually agreeable to us and the customer. In most instances contracts provide for additional payments for mobilization and demobilization.








HP's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Helmerich and Payne inc 4,847.89 2,368.80 155.46 10,352
Atlas Growth Partners L p 0.00 3.52 -1.87 389
Altex Industries Inc 0.92 0.03 0.25 1
Amazing Energy Oil and Gas Co 0.01 0.82 -9.61 6
Apache Corporation 0.00 4,308.00 1,416.00 3,163
Anadarko Petroleum Corp 35,730.07 13,706.00 -288.00 6,100
Alpha Energy Inc 131.97 0.00 -1.50 0
Antero Resources Corporation 8,603.06 7,444.59 2,189.87 528
Arete Industries Inc 0.01 1.04 -3.75 1
Approach Resources Inc 2.20 71.75 -48.71 100
Abraxas Petroleum Corp 8.73 62.85 43.68 109
Battalion Oil Corp 157.91 365.98 157.92 0
Breitburn Energy Partners L.p. 0.00 634.66 -43.67 671
Bill Barrett Corporation 231.13 567.03 -126.09 111
Petrolia Energy Corporation 0.53 3.79 -6.86 7
Bakken Resources Inc 8.00 1.57 -0.81 1
Broadridge Financial Solutions Inc 17,912.88 5,832.80 1,202.00 12,000
Barnwell Industries inc 24.66 28.55 6.17 29
Breezer Ventures Inc. 0.98 0.00 -0.05 1
Black Stone Minerals L p 3,500.19 612.65 427.46 7
Camber Energy Inc 951.00 6.78 -30.96 0
Chaparral Energy Inc 18.01 183.35 -753.99 0
Chesapeake Energy Corporation 10,836.47 8,749.00 703.00 0
Chord Energy Corporation 5,971.61 3,061.47 2,761.12 0
Cobalt International Energy, Inc. 154.60 44.18 -589.02 111
Calumet Specialty Products Partners L p 1,446.70 4,552.70 336.90 2,000
Citadel Exploration, Inc. 1.40 0.51 -3.48 3
Conocophillips 142,189.34 75,899.00 41,051.00 10,075
Callon Petroleum Co 2,427.78 3,218.90 1,222.70 121
Carbon Energy Corp 18.27 93.58 -36.49 55
California Resources Corp 3,063.45 2,659.00 1,155.00 0
Comstock Resources Inc 3,152.07 3,316.48 963.96 117
Carrizo Oil and Gas Inc 725.84 1,074.70 600.47 227
Coterra Energy Inc 18,976.57 8,995.26 3,971.47 0
Chevron Corp 337,715.55 237,908.00 34,312.00 48,200
Concho Resources Inc 12,908.39 3,476.00 1,202.00 1,085
Daybreak Oil And Gas Inc 10.00 1.43 -1.84 6
Denbury Inc 4,478.22 1,695.40 525.68 0
Discovery Energy Corp 15.44 0.00 -2.34 1
Dorchester Minerals L p 1,059.68 162.22 125.98 24
Dow Inc 43,842.74 56,902.00 4,640.00 35,700
Deep Down Inc 6.90 15.38 -0.03 59
Devon Energy Corp 40,890.11 19,431.00 6,345.00 1,800
Encana Corp 5,233.99 6,933.00 1,160.00 2,200
Energen Corp 7,054.63 1,076.30 392.34 390
Vaalco Energy Inc 266.34 314.12 68.50 104
Eog Resources Inc 74,995.12 25,027.00 7,467.00 2,900
Empire Petroleum Corporation 314.05 72.28 10.76 0
Ep Energy Llc 40.16 820.00 -1,886.00 502
Evolution Petroleum Corp 200.58 129.84 38.12 5
Eqt Corporation 12,381.22 7,857.56 1,869.66 1,750
Erin Energy Corp. 350.60 93.67 -189.74 74
Earthstone Energy Inc 1,403.14 1,344.21 534.52 48
Harvest Oil and Gas Corp 0.00 113.82 -138.32 7
Enxnet Inc 0.09 0.00 0.00 1
Energy Xxi Gulf Coast, Inc. 129.19 481.83 -308.75 237
Diamondback Energy Inc 23,914.82 9,635.00 4,585.00 712
Fieldpoint Petroleum Corp 2.13 2.14 -3.32 3
Freedom Holding Corp 3,833.66 -17,420.40 297.65 0
Fortem Resources Inc 20.24 0.00 -67.96 2
New Concept Energy Inc 7.39 0.20 0.12 41
Goodrich Petroleum Corp 314.02 157.61 -56.57 43
Gulfport Energy Corp 1,193.81 1,024.03 -904.99 0
Gulfslope Energy Inc 4.52 0.00 -8.70 7
Gastar Exploration Inc. 11.75 78.83 -53.22 45
Gran Tierra Energy Inc 319.33 684.07 140.76 387
Hyperdynamics Corp 0.75 0.00 -20.01 16
Hess Corporation 44,246.84 10,771.00 2,221.00 1,775
Houston American Energy Corp 37.53 1.72 -0.91 3
American Noble Gas Inc 2.32 0.13 -2.09 2
Imperial Oil Limited 31,292.44 44,067.21 4,922.32 5,600
Isramco Inc 330.60 83.49 12.78 170
Jones Energy, Inc. 12.75 204.83 -204.23 90
Kosmos Energy Ltd 3,411.25 2,308.00 439.54 270
Loews Corp 15,107.69 13,818.00 1,170.00 12,200
Legacy Reserves Lp 3.03 611.71 -5.89 328
Lilis Energy Inc 1.31 33.43 -261.14 0
Lonestar Resources Us Inc 161.49 226.77 24.23 0
Laredo Petroleum inc 799.27 2,026.89 729.56 324
Laredo Oil Inc 10.03 1.17 -2.53 70
Mid con Energy Partners Lp 79.00 58.30 -20.44 1
Contango Oil and Gas Co 639.88 204.10 -68.99 67
Marathon Oil Corporation 18,056.64 8,103.00 3,736.00 2,000
Matador Resources Company 7,255.72 2,916.91 1,245.65 165
Murphy Oil Corporation 6,707.23 3,696.40 1,122.09 1,712
Mexco Energy Corporation 28.80 7.65 3.67 3
Noble Energy Inc 4,052.34 3,884.00 -5,546.00 2,527
New Century Resources Corp 0.00 0.00 0.00 1
Newfield Exploration Co 3,431.07 2,479.00 524.00 1,331
Northern Minerals and Exploration Ltd 0.00 0.00 -0.15 1
Northern Oil And Gas Inc 2,688.47 1,519.35 802.90 19
Oneok Inc 30,967.31 22,775.35 1,616.67 2,882
Viva Entertainment Group Inc. 0.17 0.00 -1.64 4
Occidental Petroleum Corporation 70,404.39 36,328.00 13,314.00 14,400
Par Pacific Holdings Inc 1,560.99 6,806.43 287.56 863
Pdc Energy Inc 5,981.67 3,820.87 1,901.45 395
Parsley Energy Inc 6,402.25 1,754.85 -4,137.03 298
Pedevco Corp 87.36 28.63 4.15 6
PEOPLES ENERGY CORPORATION 0.00 0.00 0.00 0
Phx Minerals Inc. 115.01 40.02 7.49 21
Trillion Energy International Inc 28.94 3.70 -2.05 1
Primeenergy Resources Corporation 245.29 133.51 42.42 155
Petroquest Energy Inc 5.44 79.50 -8.98 64
Permian Resources Corporation 3,144.23 1,686.13 711.88 0
Petroshare Corp. 1.77 24.63 -19.79 7
Pioneer Natural Resources Co 56,542.50 23,648.00 7,409.00 2,323
Qep Resources Inc 990.22 734.20 3.20 765
Ring Energy inc 338.65 307.22 148.25 30
Resolute Energy Corp 681.19 596.54 -15.56 206
Riley Exploration Permian Inc 616.40 300.95 112.60 0
Rex Energy Corp 2.56 218.22 -136.72 104
Rose Hill Acquisition Corporation 199.88 277.44 22.44 4
Royale Energy Inc. 0.00 1.90 -3.73 11
Range Resources Corporation 5,838.90 4,409.94 1,967.70 990
Rsp Permian, Inc. 7,571.92 910.10 282.78 115
Reserve Petroleum Co 36.07 14.72 3.25 8
Silverbow Resources Inc 532.27 705.79 374.51 0
Sandridge Energy Inc 552.05 252.63 230.83 509
Stone Energy Corp 709.73 378.09 -383.49 241
Sm Energy Co 3,902.36 3,542.29 1,278.39 607
Sanchez Energy Corp 35.16 837.66 -62.97 235
Spindletop Oil and Gas Co 25.32 9.00 3.84 23
Src Energy Inc 976.52 703.38 248.82 0
Samson Oil and Gas Ltd 255.26 15.62 -1.00 12
Sitio Royalties Corp 330.79 424.80 126.62 1,745
Southwestern Energy Company 5,824.06 14,569.00 1,309.00 2,781
Transatlantic Petroleum Ltd 16.55 39.96 -37.18 169
Tiger Oil & Energy, Inc. 0.06 0.02 -1.21 2
Trecora Resources 231.52 301.32 8.99 310
Ageagle Aerial Systems Inc 61.36 13.55 -25.51 0
Uniti Group Inc 1,520.52 1,138.12 -13.19 0
Ultra Petroleum Corp 26.90 527.00 -253.22 166
Us Energy Corp 59.73 36.19 -0.63 2
Premier Product Group Inc 0.00 0.00 -0.10 2
Viper Energy Partners Lp 2,261.03 828.63 626.76 1
Grizzly Energy, Llc 0.00 408.11 -407.84 357
Victory Oilfield Tech Inc 5.83 1.41 -0.09 2
Whiting Petroleum Corp 2,667.05 1,752.95 391.42 850
Williams companies inc 39,259.69 11,834.00 1,902.00 4,812
Wpx Energy Inc 5,290.23 2,347.00 -1,071.00 650
Wildhorse Resource Development Corporation 1,684.19 591.65 -86.15 85
W and t Offshore inc 841.74 896.89 236.60 302
West Texas Resources, Inc. 1.97 0.01 -0.48 1
Exco Resources Inc 15.33 297.58 -194.88 183
Cimarex Energy Co 8,988.58 2,228.23 -26.56 925
Extraction Oil and Gas Inc 1,811.44 718.40 248.91 161
Exxon Mobil Corporation 482,741.22 403,216.00 53,601.00 74,900
XTO Energy Inc. 0.00 0.00 0.00 0
Yuma Energy, Inc. 2.41 11.34 -27.90 30
SUBTOTAL 1,719,914.56 1,154,067.59 208,682.38 274,656
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