Here's a breakdown:
What they do:
* Drilling: HP owns and operates a fleet of land-based drilling rigs used to drill wells for oil and natural gas.
* Contract services: They offer these drilling rigs and their expertise to oil and gas companies on a contractual basis.
* Technology: HP is known for its focus on technological advancements and efficiency in drilling operations. They have developed their own proprietary drilling technology, such as their "FlexRig" system which allows for more flexibility and adaptability in drilling operations.
What EIN means:
* EIN stands for Employer Identification Number. It's a unique nine-digit number assigned by the Internal Revenue Service (IRS) to businesses in the United States.
* The EIN is used for tax purposes, such as filing tax returns and paying taxes.
Essentially, Helmerich & Payne, Inc. is a company that provides drilling services to oil and gas companies. Their EIN is the unique identification number assigned to them for tax purposes.
If you're interested in learning more about Helmerich & Payne, you can visit their website at www.helmerichpayne.com.