This is more than just a story of two high-performance rigs. It speaks volumes about what some folks think about the potential of the Bakken. Note the phrase about this being early in the current cycle.
I sure wish I could be in the coffee shop when the roughnecks come in after working on this rig to hear the stories. Okay, Appleby's and then the local bar.
In case the link is broken in the future:
Last month, Helmerich & Payne (ticker: HP) announced plans to build 16 high-performance rigs, many under multiyear contracts commanding day rates in the mid-$20,000s to service the most promising oil and gas shale basins in the U.S. The latest orders bring the company's total to 19 rigs for this fiscal year, ending Sept. 30.Two of those rigs are heading for the North Dakota Bakken.
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