Oklahoma Business Briefs For April 26

NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Thu, 04/25/2019 - 11:19pm

TULSA Helmerich & Payne posts quarterly results Helmerich & Payne announced Wednesday it earned a net income of about $61 million, or 55 cents a share, on operating revenues of about $721 million during its quarter that ended March 31. Company officials said those results were based on a rig revenue increase of more than $450 a day and boosted daily average rig margins, which were up by about $900 a day. “From the outset, this was a quarter challenged by industry uncertainty, so I am pleased to report that the company not only stayed on target and delivered sequentially improved net income, but also achieved two significant milestones,” CEO John Lindsay said. Lindsay said the company boosted its count of super-spec FlexRigs to 230 and successfully commercialized new drilling automation technology.Read more on NewsOK.com

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Topics:  tulsa   march   company    from   ceo john lindsay   lindsay   newsok   helmerich    payne   i    lindsay   net   quarter   day   results   boosted   
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