Record-Breaking International Expansion
H&P became the largest active land driller globally after exporting 8 FlexRigs to Saudi Arabia and completing the KCAD acquisition.
Strong North America Solutions Performance
North America Solutions segment positioned H&P as the leading driller in the U.S. land market with increased market share in the Permian Basin and a 5% increase in average lateral lengths.
Successful Debt Reduction
The company paid off $210 million on its term loan, significantly ahead of its debt reduction goals.
Financial Resilience
Generated quarterly revenues of over $1 billion for the third consecutive quarter and operating cash flow of $207 million in Q4.