Having checked in on the quarterly results of three more land drillers, I'm sticking to my druthers. Helmerich & Payne
Still, these guys just aren't in the same league as Helmerich & Payne. This technological leader has one of the very best rigs when it comes to directional and horizontal drilling. On its earnings call, the company cited a Baker Hughes
All 50 of those are signed on to contracts of three-plus years, and H&P continues to pull down premium dayrates. This quarter, the firm's fleet averaged more than $24,500 per day. At a cost of around $15.5 million each, these rigs appear to pay for themselves within that initial contract period.
Yes, I like Nabors Industries'
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