Walter Helmerich III
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Walter Helmerich III
Helmerich & Payne, Inc. ( ) is an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies headquartered in Tulsa, Oklahoma, with operations throughout the world. Their FlexRigs, introduced in 1998, have been used extensively in drilling unconventional shale formations, such as the Bakken formation in North Dakota and the Permian Basin and Eagle Ford formation in Texas. H&P is the largest on-shore driller in the United States of America with over 20% of the American land drilling market share and over 40% of the super-spec American land drilling market share. History The company was founded in 1920 as a joint venture between Walt Helmerich II and Bill Payne, who met on an oil rig in South Bend, Texas. The company moved to Tulsa six years later. After benefiting and growing as a result of shale drilling, as of 2015, the company was losing market share and shrinking in size as lower pri ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Walt Helmerich II
Walt is a masculine given name, generally a short form of Walter, and occasionally a surname. Notable people with the name include: People Given name * Walt Arfons (1916-2013), American drag racer and competition land speed record racer * Walt Bellamy (1939-2013), American National Basketball Association player, two-time Basketball Hall of Fame inductee * Walt Bellamy (ice hockey) (1881-1941), Canadian hockey player * Walter Blackman, American member of the Arizona House of Representatives * Walt Bowyer (born 1960), American former National Football League player * Walt Brown (politician) (born 1926), American politician * Walt Clago (1899-1955), American football player * Walt Corey (born 1938), American former National Football League player * Walt Disney (1901-1966), American film producer, director, screenwriter, voice actor, animator, entrepreneur and philanthropist * Walt Dropo (1923-2010), American Major League Baseball and college basketball player * Walt Frazier ...
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Companies Based In Tulsa, Oklahoma
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Energy Companies Of The United States
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has mass when ...
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1920 Establishments In Oklahoma
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album ''Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus. * "Nineteen", a song by Tegan and Sara from the 2007 album '' The Con''. * "XIX" (song), a 2014 song by Slipknot. ...
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Inverness, Scotland
Inverness (; from the gd, Inbhir Nis , meaning "Mouth of the River Ness"; sco, Innerness) is a city in the Scottish Highlands. It is the administrative centre for The Highland Council and is regarded as the capital of the Highlands. Historically it served as the county town of the county of Inverness-shire. Inverness lies near two important battle sites: the 11th-century battle of Blàr nam Fèinne against Norway which took place on the Aird, and the 18th century Battle of Culloden which took place on Culloden Moor. It is the northernmost city in the United Kingdom and lies within the Great Glen (Gleann Mòr) at its northeastern extremity where the River Ness enters the Beauly Firth. At the latest, a settlement was established by the 6th century with the first royal charter being granted by Dabíd mac Maíl Choluim (King David I) in the 12th century. Inverness and Inverness-shire are closely linked to various influential clans, including Clan Mackintosh, Clan Fraser and Clan ...
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Angus Jamieson Consulting
Angus may refer to: Media * ''Angus'' (film), a 1995 film * ''Angus Og'' (comics), in the ''Daily Record'' Places Australia * Angus, New South Wales Canada * Angus, Ontario, a community in Essa, Ontario * East Angus, Quebec Scotland * Angus, Scotland, a traditional county of Scotland and modern council area * Angus (Scottish Parliament constituency) * Angus (UK Parliament constituency) United States * Angus, Iowa * Angus, Nebraska * Angus, Ohio * Angus, Texas * Angus, Wisconsin * Angus Township, Polk County, Minnesota People Historical figures * Óengus I of the Picts (died 761), king of the Picts * Óengus of Tallaght (died 824), Irish bishop, reformer and writer * Óengus II of the Picts (died 834), king of the Picts * Óengus mac Óengusa (died 930), Irish poet * Óengus of Moray (died 1130), last King of Moray * Aonghus Mór (died 1293), chief of Clann Domhnaill * Aonghus Óg of Islay (died 1314×1318/c.1330), chief of Clann Domhnaill * Aonghas Óg (died 149 ...
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Drilling Rig
A drilling rig is an integrated system that drills wells, such as oil or water wells, or holes for piling and other construction purposes, into the earth's subsurface. Drilling rigs can be massive structures housing equipment used to drill water wells, oil wells, or natural gas extraction wells, or they can be small enough to be moved manually by one person and such are called augers. Drilling rigs can sample subsurface mineral deposits, test rock, soil and groundwater physical properties, and also can be used to install sub-surface fabrications, such as underground utilities, instrumentation, tunnels or wells. Drilling rigs can be mobile equipment mounted on trucks, tracks or trailers, or more permanent land or marine-based structures (such as oil platforms, commonly called 'offshore oil rigs' even if they don't contain a drilling rig). The term "rig" therefore generally refers to the complex equipment that is used to penetrate the surface of the Earth's crust. Small to medi ...
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Crude Oil
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other Unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by Continuous distillation#Continuous distillation of crude oil, distillation, into innume ...
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South Bend, Texas
South Bend is an unincorporated community in Young County, Texas, United States. According to the Handbook of Texas, the community had an estimated population of 140 in 2000. Geography South Bend is located at (33.0045619, -98.6683934) in south central Young County. It is situated at the junction of State Highway 67 and FM 701. History The area was settled in the late 1890s. The first storekeeper in the vicinity was J.N. Smith, who named the community Arkansas. When a post office was established, the name had changed to South Bend, after its location at a bend on the Clear Fork of the Brazos River. Oil discoveries in the 1920s led to a brief boom in the local economy. In 1929, an oil well drilled to 4,250 feet began flowing with 130 °F mineral water, leading to the development of Stovall Hot Wells health resort. It remained in operation through 1994, when it was destroyed in a fire. South Bend had approximately 500 residents in 1940, but soon suffered the same post war d ...
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Bill Payne (oiler)
William H. Payne (born March 12, 1949) is an American pianist who, with Lowell George, co-founded the American rock band Little Feat. He is considered by many other rock pianists, including Elton John, to be one of the finest American piano rock and blues musicians. In addition to his trademark barrelhouse blues piano, he is noted for his work on the Hammond B3 organ. Payne is an accomplished songwriter whose credits include "Oh, Atlanta". Following the death of Little Feat drummer Richie Hayward on August 12, 2010, Payne is the only member of the group from the original four-piece line-up currently playing in the band. Payne has worked and recorded with J. J. Cale, Jimmy Buffett, Doobie Brothers, Emmylou Harris, Bryan Adams, Pink Floyd, Bob Seger, Toto, Linda Ronstadt, Jackson Browne, Carly Simon, James Taylor, Bonnie Raitt, Helen Watson, Stevie Nicks, Robert Palmer, Richard Torrance, Stephen Bruton, and Shocking Edison. He was a guest performer on Bonnie Raitt's album ''Sw ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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