The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from GlobeNewswire (a Nasdaq OMX company)

Helmerich & Payne Announces Election of New Director

Friday, March 09, 2012

Helmerich & Payne Announces Election of New Director09:33 EST Friday, March 09, 2012TULSA, Okla., March 9, 2012 (GLOBE NEWSWIRE) -- Helmerich & Payne, Inc. (NYSE:HP) today announced that Donald F. Robillard, Jr. was elected a Director at the Company's Annual Shareholders' Meeting held March 7, 2012. Mr. Robillard, Senior Vice President and Chief Financial Officer of Hunt Consolidated, Inc., has extensive experience in the oil and gas business. Company Chairman and CEO, Hans Helmerich, commented, "We are pleased to have Don join the Company's Board. He brings years of domestic and international energy experience and will be a valuable addition to the Company." Helmerich & Payne, Inc. is primarily a contract drilling company. As of March 9, 2012, the Company's existing fleet included 263 land rigs in the U.S., 26 international land rigs and nine offshore platform rigs. In addition, the Company is scheduled to complete another 35 new H&P-designed and operated FlexRigs under long-term contracts with customers. Upon completion of these commitments, the Company's global fleet is expected to have a total of 324 land rigs, including 287 FlexRigs.CONTACT: Roberta Montgomery (918) 588-5202