| Business Summary | | Helmerich
&
Payne,
Inc.
is
primarily
engaged
in
the
exploration,
production,
and
sale
of
crude
oil
and
natural
gas
and
in
contract
drilling
of
oil
and
gas
wells
for
others.
Most
of
the
Company's
current
exploration
efforts
are
concentrated
in
Louisiana,
Oklahoma,
Texas
and
the
Hugoton
Field
of
western
Kansas.
The
Company
also
explores
from
time
to
time
in
the
Rocky
Mountain
area,
New
Mexico,
Alabama,
Michigan
and
Mississippi.
Substantially
all
of
the
Company's
gas
production
is
sold
to
and
resold
by
its
marketing
subsidiary.
The
Company's
domestic
contract
drilling
is
conducted
primarily
in
Oklahoma,
Texas,
and
Louisiana,
and
offshore
from
platforms
in
the
Gulf
of
Mexico
and
offshore
California.
The
Company
has
also
operated
during
fiscal
2000
in
six
international
locations:
Venezuela,
Ecuador,
Colombia,
Argentina,
Bolivia
and
Equatorial
Guinea.
The
Company
is
also
engaged
in
the
ownership,
development,
and
operation
of
commercial
real
estate. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HP
explores,
produces
and
sells
crude
oil
and
natural
gas,
and
engages
in
contract
drilling
of
oil
and
gas
wells
for
others.
HP
also
owns,
manages
and
develops
commercial
real
estate
properties.
For
the
nine
months
ended
6/30/01,
revenues
increased
39%
to
$631.3
million.
Net
income
rose
99%
to
$116
million.
Revenues
reflect
higher
average
natural
gas
prices.
Net
income
also
reflects
lower
depreciation,
depletion
and
amortization
expense
as
a
percentage
of
revenues. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| W. Helmerich III, 78 Chairman | -- | -- | Hans Helmerich, 42 Pres,
CEO, Director | $894K | -- | Douglas Fears, 51 VP,
Fin. | 382K | $359K | George Dotson, 60 VP,
Drilling and Pres and COO of Helmerich & Payne International Drilling C | 635K | -- | Steven Shaw, 49 VP,
Exploration and Production | 495K | 360K | Dollar
amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|