Boca de Pozo
About the job
- Previous experience in a Boca de Pozo position.
- Know alarm types, evacuation and rescue procedures, emergency and fire drill assignments, and the locations, uses, and application of available fire extinguishers.
- Follow company prevention and control standards, assigned safe work procedures, and required personal protective equipment practices; report hazards, unsafe conditions, accidents, and incidents promptly.
- Do not leave the work station without a qualified replacement, and provide the next shift with information about upcoming operations, equipment changes, and known risks.
- Know safe procedures for handling drill pipe, making and breaking connections, operating and aligning valves, connecting the top drive, and using winches, rotary bushings, mud buckets, elevators, torque and manual tongs, slips, and related equipment.
- Know tubular torque, how to select subs, heads, safety valves, reductions, and lifting heads, and how to handle and track tubulars in and out of the well.
- Know casing operations and the assembly and disassembly procedures for the casing running tool.
- Know pre-shift inspection requirements, preventive maintenance, and changing jaws on the ST-80 torque wrench and other rig equipment.
- Know how to lubricate and protect pipe box, pin, and shoulder connections and follow proper lifting procedures.
- Know maintenance procedures for running and cutting the drilling line and the torque specifications for drilling-line clamps.
- Verify that cables and slings are fit for use; properly use pipe brushes, gauges, thread protectors, and pipe grease.
- Assist with pipe measurement and pipe tally preparation, including measuring outside diameter, inside diameter, bottom-hole assembly length, and drill pipe; read measuring tapes and use inside- and outside-diameter gauges.
- Maintain shaker screens, including their maintenance, inspection, replacement, and cleaning; take mud samples, weigh mud, and measure funnel viscosity.
- Record mud weight, funnel viscosity, pit volume, screen types, and relevant times; adjust mud flow across shaker screens.
- Operate machinery, valves, controls, and solids-control equipment correctly and follow procedures for its maintenance, repair, and adjustment.
- Assist with mud and chemical handling under health, safety, and environmental procedures; know how to use material safety data sheets and perform chemical mixing operations.
- Report changes in mud returns to the driller; align, fill, and circulate the trip tank correctly.
- Assist with or perform under supervision simple blowout preventer maintenance and repairs; know well-control procedures, ram configurations and functions, and responsibilities during tripping, tank operations, and drilling.
- Understand blowout preventer, diverter, and valve assembly and disassembly procedures, including nipple-up and nipple-down, and be able to change rams.
- Know rig assembly, disassembly, and mobilization procedures.
- Follow housekeeping standards during maintenance, repair, and testing of equipment such as mud pumps, engines, and tanks; maintain and care for tools.
- Clean pits according to procedures and use lockout, tagout, and test procedures during maintenance.
- Monitor mud pumps, report problems to a supervisor, know how to change the pump feeding the well, and align valves.
- Change pump lubrication water, pistons, liners, valves, seats, and other wear parts; keep current operating-hour records for pump modules, liners, pistons, valves, and seats.
- Attend pre-shift meetings and perform assigned roles in emergency, fire, evacuation, and rescue drills.
- Keep the work area and rig floor clean and orderly; maintain company facilities and work equipment properly and avoid improvised repairs or procedures that could compromise safety or operations.
- Handle drill pipe during trips in and out of the hole and make and break connections using the correct procedures and relevant equipment.
- Align all valves before operations, including standpipe valves, and perform the basic steps for connecting the top drive.
- Connect and break stands while tripping pipe, using winches, the ST-80 torque wrench, manual tongs, and related equipment.
- Handle tubulars on the rig floor with safety lines and ropes and correct positioning; maintain accurate pipe counts and markings in and out of the well.
- Carry out casing operations in accordance with required safety procedures and procedures for assembling and disassembling the casing running tool.
- Grease designated lubrication points on the top drive, drawworks, brake, traveling equipment, standpipe valves, chicksans, deadline anchor, winches, torque wrenches, and manual tongs.
- Perform minor maintenance and inspections in the derrick and verify the condition of cables and slings used.
- Organize pipe in the pipe racks and assist with measuring pipe and preparing tubular pipe tallies.
- Maintain and clean shaker screens, take mud samples, weigh mud, measure funnel viscosity, record required mud and pit data, and adjust mud flow through the screens.
- Operate solids-control equipment and assist with its maintenance, repairs, and adjustments.
- Assist with mud and chemical handling, mix chemicals, and inform the driller about changes in mud returns.
- Align, fill, and circulate the trip tank; assist with or perform simple blowout preventer maintenance and repairs under supervision.
- Perform maintenance, repairs, and testing on yard equipment, including mud pumps, engines, and tanks, following health, safety, and environmental procedures.
- Clean pits and apply lockout, tagout, and testing procedures during maintenance.
- Monitor mud pumps, notify a supervisor of problems, perform pump changeover and valve alignment, replace pump components, and record pump-component operating hours.
- Verifiable references are valued.
About the company
Helmerich & Payne provides drilling services for oil and gas on land, internationally, and offshore. It operates and maintains drilling rigs and related equipment to enable customers to extract resources, using advanced rig technologies and drilling solutions to boost productivity, reliability, and safety. The company differentiates itself through deep industry experience (dating back to 1920), a reputation as a trusted partner, and a focus on dependable performance, safety, and efficiency for customers. Its primary goal is to help customers increase drilling productivity, minimize downtime, and improve safety and efficiency across all rig operations.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Tulsa, Oklahoma
Founded
1920
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Simplify's Take
What believers are saying
- August 2026 Q3 backlog reached $9.1 billion, after new offshore extensions.
- Beetaloo Basin FlexRig contract secures Australian drilling capacity through 2032 options.
- North America reactivated 10 rigs in Q3 2026, lifting margins and activity.
What critics are saying
- August 2026 adjusted EPS missed by $0.20, signaling pricing pressure and execution volatility.
- Middle East disruptions already suspended Iraq and Bahrain rigs; renewed unrest hits utilization fast.
- The $350 million bond due 2027 plus insider selling pressures returns if cash flow weakens.
What makes Helmerich & Payne unique
- H&P runs North America's largest super-spec FlexRig fleet, with high-efficiency rapid mobilization.
- Offshore O&M contracts in Azerbaijan and Saudi Arabia create recurring, multi-year cash flows.
- Global presence across U.S., Australia's Beetaloo, Saudi Arabia, and Argentina diversifies rig demand.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
401(k) Retirement Plan
401(k) Company Match
Parental Leave
Family Planning Benefits
Fertility Treatment Support
Adoption Assistance
Flexible Spending or Health Savings Accounts
Learning & Development Opportunities
Educational Assistance
Parental & Adoption Benefits
Disability Coverage
Employee Assistance Program
Flexible Scheduling
Flex-scheduling available for qualifying positions to achieve work-life integration
401k match
Paid Leave Plans
Leave Plans
Leave Plans
504
Company News
Helmerich & Payne (NYSE: HP), which runs the largest fleet of super-spec drilling rigs in North America, trades at $39.88 per share. The stock has gained 11.6% over six months, slightly behind the S&P 500's 12.8%. The company's revenue grew 30.3% a year over the last five years, ahead of the average upstream and integrated energy company. Its EBITDA margin rose 6.3 percentage points over the past year to 21.8% for the trailing 12 months, helped by operating leverage. One concern is weak profitability. Gross margin averaged 35.1% over five years, which means the company may struggle more than peers if commodity prices fall. The stock trades at 29.2 times forward earnings.
Helmerich & Payne expects direct margins across its North America, International and Offshore Solutions businesses to reach the high end of fiscal fourth-quarter guidance. The company's North America Solutions average rig count is projected near the high end of its range, whilst International Solutions is expected to generate direct margins of around $45 million. Management anticipates overall direct margins in fiscal 2027 will exceed fiscal 2026 levels, supported by customer discussions and contracting activity. The company remains committed to reducing leverage to approximately 1x net debt to adjusted EBITDA by calendar year-end 2027. Separately, ExxonMobil is expanding its deployment of Helmerich & Payne's FlexRobotics technology from two systems to nine over the next 12 months. The automation technology is designed to reduce employee exposure to higher-risk tasks whilst improving operating efficiency.
Helmerich & Payne expects to report strong operational and financial results for its fourth quarter of fiscal 2026, with direct margins for its North America Solutions, International Solutions, and Offshore Solutions businesses all at or near the high end of previously issued guidance ranges. The International Solutions segment is expected to report direct margins of around $45 million during the quarter. North America Solutions average rig count is anticipated near the high end of guidance, whilst International and Offshore Solutions are expected near the midpoint of their respective ranges. Looking ahead to fiscal 2027, the company maintains a constructive outlook, expecting stronger overall direct margins compared to 2026. The firm remains committed to reaching approximately 1x net debt to adjusted EBITDA by calendar year-end 2027 whilst maintaining its base dividend.
Helmerich & Payne (NYSE:HP) trading down 4.5% - here's what happened. September 3, 2026 Key points. * Helmerich & Payne shares fell 4.5% to about $45.50 in midday trading, with volume 77% below the average session level. * The company reported a quarterly loss of $0.11 per share, missing analysts' $0.09 profit estimate, while revenue of $1.03 billion topped expectations but declined slightly year over year. * Analysts' consensus rating remains Hold with a $41 price target, while insiders sold 110,673 shares worth approximately $4.86 million over the past 90 days. * MarketBeat previews the top five stocks to own by October 1st. Shares of Helmerich & Payne, Inc. (NYSE:HP - Get Free Report) traded down 4.5% on Thursday. The company traded as low as $45.65 and last traded at $45.5020. 324,529 shares were traded during mid-day trading, a decline of 77% from the average session volume of 1,403,101 shares. The stock had previously closed at $47.64. Analysts set new price targets. A number of analysts have commented on HP shares. Royal Bank Of Canada boosted their price objective on Helmerich & Payne from $38.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, May 8th. Susquehanna increased their price target on Helmerich & Payne from $40.00 to $44.00 and gave the company a "positive" rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of Helmerich & Payne from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. The Goldman Sachs Group upped their target price on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Finally, Barclays raised their target price on Helmerich & Payne from $47.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $41.00. Helmerich & Payne trading down 4.9%. The firm has a market cap of $4.53 billion, a P/E ratio of -32.13 and a beta of 0.66. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. The company's fifty day moving average price is $37.18 and its two-hundred day moving average price is $36.85. Discover more Stock Split Calculator Live News Feed Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.20). Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the previous year, the business earned $0.22 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. As a group, sell-side analysts predict that Helmerich & Payne, Inc. will post -0.18 EPS for the current fiscal year. Insider buying and selling. In related news, SVP Cara M. Hair sold 11,149 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $44.27, for a total transaction of $493,566.23. Following the completion of the transaction, the senior vice president directly owned 136,095 shares of the company's stock, valued at approximately $6,024,925.65. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Hans Helmerich sold 94,470 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $43.90, for a total transaction of $4,147,233.00. Following the completion of the sale, the director owned 20,000 shares of the company's stock, valued at approximately $878,000. This represents a 82.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 110,673 shares of company stock valued at $4,864,590 over the last 90 days. Company insiders own 4.40% of the company's stock. Institutional trading of Helmerich & Payne. Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Helmerich & Payne by 2,433.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 1,582 shares during the last quarter. Leonteq Securities AG acquired a new position in Helmerich & Payne during the fourth quarter worth $26,000. Parallel Advisors LLC lifted its position in Helmerich & Payne by 407.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company's stock worth $49,000 after acquiring an additional 1,787 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Helmerich & Payne by 24.3% during the fourth quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company's stock valued at $65,000 after purchasing an additional 445 shares in the last quarter. Finally, Strs Ohio purchased a new position in Helmerich & Payne during the first quarter valued at approximately $101,000. 96.05% of the stock is currently owned by institutional investors. About Helmerich & Payne. Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide. Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Helmerich & Payne, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Helmerich & Payne wasn't on the list. While Helmerich & Payne currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. 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Helmerich & Payne reported second-quarter revenue of $1.03 billion, beating analyst estimates of $982.1 million despite flat year-on-year sales. The company attributed the performance to increased rig reactivations in North America, expansion in Argentina, and resilient offshore operations. Adjusted EBITDA reached $234.2 million, exceeding expectations of $214.1 million with a 22.6% margin. Operating margin improved to 18.2%, up from negative 12.3% in the prior-year quarter. CEO Raymond John Adams highlighted the company's ability to deliver margin growth whilst reactivating 10 rigs across its Lower 48 fleet. Technology-driven efficiencies helped offset volatility in the Middle East and challenging pricing conditions. However, adjusted earnings per share of negative $0.11 significantly missed analyst estimates of $0.10.