H&P executives expect higher rig activity, contract pricing in 2022

Demand will require reactivation of long-idled rigs

North American demand for oil and gas rigs is expected to rise along with contract pricing in 2022 as the market remains disciplined but also heavy on capital investment. Drilling company Helmerich & Payne lost more than $320 million in the fourth fiscal quarter ending Sept. 30, but the commodity environment is expected to be […]

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