Helmerich & Payne, Inc.

Abstract

Oil and Gas (MIC: 14.2 SIC: 381 NAIC: 13111) Helmerich & Payne is engaged in contract drilling of oil and gas wells for others. Co. is also engaged in the ownership, development, and operation of commercial real estate. Co. is organized into two separate autonomous operating entities being contract drilling and real estate. Both businesses operate independently of the other. Both the contract drilling and real estate businesses are conducted through wholly-owned subsidiaries. Operating decentralization is balanced by a centralized finance division, which handles all accounting, data processing, budgeting, insurance, cash management, and related activities.