TULSA – Helmerich & Payne, Inc. (H&P) (NYSE: HP) recently announced its wholly-owned subsidiary, Helmerich & Payne Technologies, LLC (H&P Technologies), has acquired DrillScan, a leading provider of proprietary drilling engineering software, well engineering services and training for the oil and gas industry.
TULSA – Helmerich & Payne, Inc. (H&P) (NYSE: HP) recently announced its wholly-owned subsidiary, Helmerich & Payne Technologies, LLC (H&P Technologies), has acquired DrillScan, a leading provider of proprietary drilling engineering software, well engineering services and training for the oil and gas industry.
DrillScan will operate as part of H&P Technologies, H&P’s dedicated business entity focused on developing advanced technologies and directional drilling automation solutions to help customers achieve greater reliability involving wellbore quality, accuracy, and performance. John Lindsay, H&P President and Chief Executive Officer said, “The capabilities DrillScan brings are highly complementary to H&P Technologies’ drilling optimization and automation solutions. These software solutions, like other offerings in our portfolio, will be available to all E&P operators and directional drillers, regardless of drilling rig contractor.”
Todd Benson, H&P Technologies president, said, “We are pleased to welcome the talented DrillScan team to the H&P Technologies family and expect our collaboration with them to meaningfully advance our vision for autonomous drilling.”
Stéphane Menand, DrillScan president, said, “This acquisition is a strong recognition of the quality of our modeling software that has been extensively validated with lab and field data, in collaboration with E&P operators and academic partners. “DrillScan is a natural fit with H&P Technologies as we share an intense focus on performance-driving innovation and a commitment to creating value for the drilling industry.” The terms of the DrillScan transaction were not disclosed.