Helmerich & Payne News

Precision Drilling Corp swung to a fourth-quarter profit on increased oil-powered drilling in North America and plans to sign more contracts this year as the boom continues.

In its weekly release, Houston-based oilfield services company Baker Hughes Inc.

Diamond Offshore Drilling Inc. A reported its results for the fourth quarter.A Net income for Diamond Offshore Drilling Inc.

The company reported new records for both revenue and income from continuing operations of $732.6 million and $144.3 million, respectively.

The 10-second takeaway For the quarter ended Dec. 31 , Helmerich & Payne beat slightly on revenues and beat expectations on earnings per share.

In its weekly release, Houston-based oilfield services company Baker Hughes Inc.

Helmerich & Payne was downgraded by equities research analysts at Global Hunter Securities from an "accumulate" rating to a "neutral" rating in a research note issued to investors on Tuesday.

Eli Lilly fourth quarter net slumped 27% to $858 million and Pfizer fourth quarter net declined 50% to $1.44 billion.

Helmerich & Payne, Inc. reported income from continuing operations of $144,297,000 from operating revenues of $732,588,000 for the first quarter of fiscal 2012, compared to income from continuing operations of $104,365,000 from operating revenues of $594,642,000 during the first fiscal quarter of 2011, and income from continuing operations of ... (more)

S&P 500 component Diamond Offshore Drilling, Inc. will unveil its latest earnings on Thursday, February 2, 2012.

On Monday, natural gas prices soared some 10% from a decade-low after key producer Chesapeake Energy said it would cut its drilling of wells containing only natural gas by half, shifting resources to shale plays yielding the much more profitable crude and other liquids.

These are momentous times in the North American drilling industry. On Monday, natural gas prices soared some 10% from a decade low after key producer Chesapeake Energy said it would cut its drilling of wells containing only natural gas by half, shifting resources to shale plays yielding the much more profitable crude and other liquids.

In conjunction with Helmerich & Payne, Inc.'s first quarter earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet on Tuesday, January 31, 2012, at 11:00 a.m. with Hans Helmerich, President and CEO; John Lindsay, Executive Vice President and COO; and Juan Pablo Tardio, Vice President and ... (more)