H&P signs rig deals
04 June 2014 08:27 GMT
H&P inks rig orders, ups capex
24 April 2014 10:43 GMT
YPF confirms $1.2bn in rig deals
05 March 2014 03:18 GMT
FlexRigs orders joy for H&P
07 February 2014 12:00 GMT
H&P inks newbuild rig sextet
14 November 2013 11:12 GMT
By Noah Brenner
25 June 2014 17:37 GMT
So far this year, the drilling contractor has received orders for 61 of its signature high-spec FlexRigs from 15 different customers and has already delivered 31 of them.
H&P plans to ramp up its build rate later this year from three rigs per month to four rigs per month to meet demand, the company said.
The red-hot Permian basin is the most popular destination for the newbuilds, with 29 heading to the area along the border between West Texas and New Mexico.
The next most popular destination was Eagle Ford (12 rigs), the Scoop tight-oil play in Oklahoma (8), Utica shale (4), Bakken (4), Haynesville (2), Niobrara (1) and the Tuscaloosa Marine shale (1).
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