Helmerich & Payne, Inc. announced that it has completed its acquisition of KCA Deutag International Limited , establishing a global leader in onshore drilling. The deal, originally announced in July 2024, involved an acquisition for $1.9725 billion in cash. President and CEO of H&P, John Lindsay, commented, “We are excited to complete this transformative …
January 18, 2025 archive
Oklahoma remained steady while US rig count showed decline
The nation saw a drop of 4 oil and gas rigs in the past week, leaving 580 still active across the different states, according to the latest Baker Hughes rig count released Friday. Oklahoma remained at 43 rigs, the count from the previous week and one more than the 42 rigs reported a year …
Energy briefs
** Dozens of climate protesters with Sunrise Movement LA rallied outside Phillips 66’s Los Angeles Lubricant Terminal on Thursday morning, with 16 demonstrators storming the facility’s office building. Sunrise Movement LA is demanding big oil companies, including Phillips 66, “pay up” to support wildfire relief and aid the state’s transition to clean energy. ** Nevada residents …
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