Oklahoma business brief for March 6

Oklahoma business brief for March 6, 2014
Oklahoman Published: March 6, 2014


10 FlexRigs going to Argentina

Helmerich and Payne Inc. will send 10 of its FlexRigs to Argentina, thanks to new drilling contracts with YPF Sociedad Anonima. The first rig is expected to begin working in the Vaca Muerta play in the fourth quarter, while the rest will be deployed by the middle of fiscal year 2015. “We are pleased to announce a growing presence in one of the most promising unconventional plays outside of the U.S.,” President John Lindsay said. “These contracts allow us the opportunity to continue our efforts to demonstrate the FlexRig value proposition in key markets around the world.

From Staff Reports