Helmerich & Payne (HP)

Company ID: 234 | CIK: 0000046765
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

Business Unit / Product Segments

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Major Customers (% of Revenue)

Operational KPIs

Average rig revenue per day (adr)

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Contract drilling backlog (backlog)

New FlexRig agreements announced (bookings)

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Chemical plant capacity (capacity)

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FlexRigs built (fleet_size)

Rig utilization (fleet_utilization)

Rocky East gas production (gas_production)

Employees (headcount)

Average lifting cost (lifting_cost)

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Undeveloped acreage (net_acreage)

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Real estate occupancy (occupancy)

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Oil production (oil_production)

New rig construction commitments (order_book)

New FlexRig orders (orders_received)

3D seismic coverage (other)

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Active platform rigs (other)

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Active rigs (other)

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Activity Days (other)

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Activity days (other)

Argentina idle rigs (other)

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Average Rig Expense Per Day (other)

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Average Rig Margin Per Day (other)

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Average Rig Revenue Per Day (other)

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Average U.S. land rigs available (other)

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Average active rigs (other)

Average crude oil price (other)

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Average crude oil sales price (other)

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Average dayrate (other)

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Average depth per well (other)

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Average expense per day (other)

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Average gas price (other)

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Average gas sales price (other)

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Average land rig margin per day (other)

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Average land rig revenue per day (other)

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Average margin per day (other)

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Average natural gas price (other)

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Average natural gas sales price (other)

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Average offshore rig margin per day (other)

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Average oil price (other)

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Average oil sales price (other)

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Average realized gas price (other)

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Average realized oil price (other)

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Average revenue per day (other)

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Average rig expense per day (other)

Average rig margin per day (other)

Average rig revenue per day (other)

Average rigs available (other)

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Average rigs working (other)

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Average sales price (other)

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Average well depth (other)

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Backlog beyond FY2020 (other)

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Backlog conversion rate (other)

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Backlog expected FY2020+ (other)

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Backlog fill timing (other)

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Backlog fulfilled FY2025+ (other)

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Backlog fulfillment timing (other)

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Backlog not expected in FY2009 (other)

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Backlog not expected in FY2010 (other)

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Backlog not expected in FY2014 (other)

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Backlog not expected in fiscal 2009 (other)

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Backlog not expected in fiscal 2011 (other)

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Backlog not expected in fiscal 2012 (other)

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Backlog not expected in fiscal 2013 (other)

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Backlog not expected to be filled (other)

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Backlog not expected to be filled in FY2014 (other)

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Backlog not expected to be filled in fiscal 2013 (other)

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Backlog not expected to fill (other)

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Backlog not expected to fill FY2013 (other)

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Backlog not expected to fill FY2016 (other)

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Backlog not expected to fill in fiscal 2011 (other)

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Bolivia and Argentina rig revenue days (other)

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Capital expenditures (other)

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Capitalized fulfillment costs (other)

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Chemicals sold (other)

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Colombia revenue days (other)

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Colombia rig revenue days (other)

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Common shares outstanding (other)

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Condominium units owned (other)

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Contract wells drilled (other)

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Contracted Rigs (other)

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Contracted rigs (other)

Crude oil price (other)

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Crude oil prices (other)

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Direct margin (other)

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Drilling activity days (other)

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Dry hole expense (other)

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Dryhole expense (other)

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Early termination revenue (other)

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Equipment purchase commitments (other)

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Estimated capital expenditures (other)

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Existing rigs contracted (other)

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Existing rigs under fixed term contracts (other)

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Existing rigs working in spot market (other)

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Fixed term contract rigs (other)

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Fixed-term contract rigs (other)

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Fixed-term contracted rigs (other)

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FlexRigs Under Construction (other)

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FlexRigs built (other)

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FlexRigs built and delivered (other)

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FlexRigs committed (other)

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FlexRigs committed to build (other)

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FlexRigs completed (other)

FlexRigs completed for delivery (other)

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FlexRigs contracted (other)

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FlexRigs expected delivered (other)

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FlexRigs in field operations (other)

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FlexRigs ordered (other)

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FlexRigs placed in service (other)

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FlexRigs placed into service (other)

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FlexRigs scheduled for delivery (other)

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FlexRigs to be delivered (other)

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FlexRigs under construction (other)

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Footage drilled (other)

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Gas discoveries (other)

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Gross leased acreage (other)

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Idle U.S. land rigs (other)

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Idle international land rigs (other)

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Idle international rigs (other)

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Idle platform rigs (other)

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Idle rigs (other)

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Idle super-spec rigs (other)

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International revenue days (other)

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International revenue share (other)

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International rig revenue days (other)

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Land dayrate (other)

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Land rig dayrate (other)

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Land rig margin per day (other)

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Land rig revenue days (other)

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Land rig revenue days growth (other)

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Land rig revenue per day (other)

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Market value of securities portfolio (other)

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Natural gas price (other)

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Natural gas prices (other)

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Near-term liquidity (other)

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Net Dry Holes (other)

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Net gas wells (other)

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Net gas wells owned (other)

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Net oil wells (other)

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Net oil wells owned (other)

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Net productive gas wells (other)

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Net productive oil wells (other)

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New FlexRig commitments (other)

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New FlexRigs completed (other)

New FlexRigs delivered (other)

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New FlexRigs placed into service (other)

New FlexRigs scheduled for completion (other)

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New rigs completed (other)

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New rigs placed into service (other)

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Number of Reportable Segments (other)

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Offshore margin per day (other)

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Offshore revenue days (other)

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Offshore rig revenue days (other)

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Oil discoveries (other)

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Oil price (other)

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Oil prices (other)

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Platform rigs active (other)

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Platform rigs contracted (other)

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Producing wells (other)

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Productive gas wells (other)

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Productive oil wells (other)

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Productive wells (other)

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Productive wells owned (other)

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Purchase commitments (other)

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Real Estate Undeveloped Land (other)

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Real estate land holdings (other)

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Realized natural gas price (other)

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Reserve additions (other)

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Revenue Days (other)

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Revenue days (other)

Rig activity days (other)

Rig expense per day (other)

Rig fleet (other)

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Rig margin per day (other)

Rig reactivations (other)

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Rig revenue per day (other)

Rigs available for redeployment (other)

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Rigs by contract type (other)

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Rigs contracted (other)

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Rigs decommissioned (other)

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Rigs generating revenue (other)

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Rigs in spot market (other)

Rigs operating (other)

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Rigs suspended (other)

Rigs under contract (other)

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Rigs under fixed term contracts (other)

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Rigs under fixed-term contract (other)

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Rigs under fixed-term contracts (other)

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Rigs upgraded to super-spec (other)

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Rigs with term contracts (other)

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Rigs working in spot market (other)

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Saudi Arabia rig deployment (other)

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Secondary recovery projects (other)

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Securities portfolio market value (other)

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Spot market rigs (other)

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Stacked rigs (other)

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Stacked super-spec rigs (other)

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Standardized measure of discounted future net cash flows (other)

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Super-Spec Market Share (other)

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Super-spec FlexRig fleet (other)

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Super-spec market share (other)

Super-spec rigs (other)

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Super-spec rigs contracted (other)

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Suspended rigs (other)

Total footage drilled (other)

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U.S. Land rigs generating revenue (other)

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U.S. land drilling market share (other)

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U.S. land market share (other)

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U.S. land rig dayrate change (other)

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U.S. land rig dayrate guidance (other)

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U.S. land rigs in spot market (other)

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U.S. super-spec market share (other)

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US drilling market share (other)

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Undeveloped land acreage (other)

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Undeveloped real estate (other)

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Vendor Y2K assurance rate (other)

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Vendor Y2K response rate (other)

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Venezuela revenue days (other)

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Venezuela rig revenue days (other)

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Walking rigs (other)

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Well-to-well contracted rigs (other)

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Wells completed by FlexRig3 (other)

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Wells in process (other)

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Wells in progress (other)

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Y2K project costs incurred (other)

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Chemicals Sold (production_volume)

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Proved Developed Gas Reserves (proved_developed_reserves)

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Proved Gas Reserves (proved_reserves)

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Proved undeveloped gas reserves (proved_undeveloped_reserves)

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International land rigs (rigs_active)

Revenue, Remaining Performance Obligation, Amount (rpo)

COVID-19 cases (safety_incidents)

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Facility square footage (square_footage)

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FlexRigs placed in service (units_shipped)

Rig utilization (utilization_rate)

Wells drilled (wells_drilled)

Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

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Demographics

No demographic data found.

Workforce Breakdowns

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HCM Metrics — Point-in-Time

No point-in-time HCM metrics found.

HCM Metrics — Flow (Annual / YTD)

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Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30restructuringin_progress2025-10-01North AmericaNorth America SolutionsUSD 98 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Plan to scrap 30 rigs and auxiliary equipment. Charge represents non-cash impairment/write-down to fair value less cost to sell. Employee count not disclosed.
2026-06-30restructuringin_progress2025-10-01OffshoreOffshore SolutionsUSD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Plan to scrap three rigs. Charge represents non-cash impairment/write-down to fair value less cost to sell. Employee count not disclosed.
2026-06-30restructuringin_progress2026-03-01InternationalInternational SolutionsUSD 23 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Identification of one international drilling rig for sale/scrap. Charge represents write-down to scrap value. Employee count not disclosed.
2026-06-30restructuringin_progress2026-06-01InternationalInternational SolutionsUSD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Identification of two additional international drilling rigs for sale/scrap. Charge represents write-down to fair value less cost to sell. Employee count not disclosed.
2026-06-30restructuringin_progressNorth America Solutions [Member]USD 393,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressInternational Solutions Segment [Member]USD 498,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOffshore Solutions [Member]USD 58,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-30restructuringin_progressOperating Segments [Member]USD 949,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progress2025-10-01North AmericaNorth America SolutionsUSD 98 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Plan to scrap 30 rigs and auxiliary equipment. Non-cash impairment charge of $97.9 million recognized. Employee count not disclosed.
2026-03-31restructuringin_progress2025-10-01InternationalInternational SolutionsUSD 26 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Identification of assets held-for-sale including six land rigs. Non-cash impairment charge of $26.1 million recognized. Employee count not disclosed.
2026-03-31restructuringin_progress2025-10-01OffshoreOffshore SolutionsUSD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Plan to scrap three rigs. Non-cash impairment charge of $2.1 million recognized. Employee count not disclosed.
2026-03-31restructuringin_progressNorth America Solutions [Member]USD 402,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressInternational Solutions Segment [Member]USD 302,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressOffshore Solutions [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-31restructuringin_progressOperating Segments [Member]USD 704,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-12-31restructuringin_progressInternationalInternational SolutionsUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Restructuring charge of $1,318 thousand recorded in International Solutions for the quarter; no employee count or completion date disclosed.
2025-12-31restructuringin_progressUnited StatesOther (BENTEC manufacturing/engineering, real estate, captive insurance)USD 0 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Restructuring charge of $273 thousand recorded in Other segment for the quarter; no employee count or completion date disclosed.
2025-12-31restructuringcompleted2025-12-312025-12-31North AmericaNorth America SolutionsUSD 98 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Plan to scrap 30 rigs and auxiliary equipment; 10 previously decommissioned. Non-cash impairment charge recognized.
2025-12-31restructuringcompleted2025-12-312025-12-31OffshoreOffshore SolutionsUSD 2 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Plan to scrap three rigs. Non-cash impairment charge recognized.
2025-12-31restructuringcompleted2025-12-312025-12-31InternationalInternational SolutionsUSD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructuring charges recorded in International Solutions segment.
2025-12-31restructuringin_progressNorth America Solutions [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-12-31restructuringin_progressInternational Solutions Segment [Member]USD 1,318,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-12-31restructuringin_progressOffshore Solutions [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-12-31restructuringin_progressOperating Segments [Member]USD 1,318,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-30reduction_in_forcein_progressUSD 12 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Workforce reduction plan initiated in the third quarter of fiscal 2025 (April–June 2025) to improve operating margins by cutting direct and indirect support costs; costs were primarily one-time severance for involuntarily terminated employees. No affected-employee count or completion timeline disclosed. Exact charge $12.131 million; per Note 17 segment disclosures, charges of approximately $4.1M (North America Solutions), $4.9M (International Solutions), $0.3M (Offshore Solutions) and $0.5M (Other), with the remainder of the $12.1M in corporate.
2025-09-30acquisition_additioncompleted2024-07-252025-01-16International — Middle East, South America, Europe, Northern Africa; plus North Sea offshore management contractsInternational Solutions (land operations), Offshore Solutions (management contract operations), Other (BENTEC manufacturing and engineering)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquisition of KCA Deutag closed January 16, 2025 (deal announced July 25, 2024); expected_completion_date reflects the actual closing date on which the workforce addition became effective. Aggregate cash consideration approximately $2.0 billion. Acquired-employee headcount is not separately disclosed; the acquisition expanded the workforce into the Middle East, South America, Europe and Africa and introduced unionized international employees and non-US pension/end-of-service benefit obligations.
2025-09-30restructuringin_progressPrimarily United StatesDirect and indirect support functions across all segmentsUSD 12 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Workforce reduction plan initiated in the third quarter of fiscal 2025; specific announcement date, employee count, and completion date not disclosed. Charge comprises one-time severance for involuntarily terminated employees; segment charges were $4.1M North America, $4.9M International, $0.3M Offshore, $0.5M Other, with the remainder at corporate.
2025-09-30acquisition_additioncompleted2024-07-252025-01-16Middle East, South America, Europe, Northern Africa, North Sea and other international locationsInternational Solutions, Offshore Solutions, and Other (BENTEC manufacturing and engineering)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of KCA Deutag International Limited closed January 16, 2025 for approximately $2.0 billion cash consideration; results included for 258 days of the fiscal year. Headcount added through the acquisition is not disclosed; international headcount of approximately 9,500 at year-end reflects the acquired workforce.
2025-09-30restructuringcompleted2025-07-012025-09-30GlobalVariousUSD 12 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Workforce reduction plan initiated in Q3 FY2025. Charge primarily for one-time severance payments to involuntarily terminated employees. Employee count not disclosed.
2025-09-30acquisition_additioncompleted2025-01-162025-01-16GlobalVariousbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of KCA Deutag. Specific headcount added not disclosed in filing, but total employee count increased significantly.
2025-09-30restructuringin_progressNorth America Solutions [Member]USD 4,121,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-09-30restructuringin_progressInternational Solutions Segment [Member]USD 4,945,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-09-30restructuringin_progressOffshore Gulfof Mexico [Member]USD 266,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-09-30restructuringin_progressOperating Segments [Member]USD 9,332,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-06-30restructuringin_progressDirect and indirect support functionsUSD 5 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Workforce reduction plan begun in Q3 FY2025 to reduce support costs; charges are primarily one-time severance for involuntarily terminated employees. No employee count, announcement date, or completion date disclosed.
2025-06-30acquisition_additioncompleted2025-01-162025-01-16Middle East, Europe, South America, Northern Africa, North SeaInternational Solutions, Offshore Solutions, Other (Kenera)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
KCA Deutag acquisition closed 2025-01-16 for ~$2.0B cash consideration; acquired workforce headcount not disclosed in this filing.
2025-06-30restructuringin_progress2025-04-01GlobalDirect and indirect support costsUSD 5 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Workforce reduction plan initiated in Q3 FY25 to improve operating margins; costs primarily related to one-time severance payments to involuntarily terminated employees.
2025-03-31acquisition_additioncompleted2025-01-16Global (Middle East, Europe, South America, Africa, North Sea)International Solutions, Offshore Solutions, Other (Kenera)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
KCA Deutag acquisition closed 2025-01-16; no employee headcount added disclosed in filing.
2025-03-31acquisition_additioncompleted2025-01-16GlobalAll SegmentsUSD 2,036 (thousands)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
H&P completed acquisition of KCA Deutag International Limited. Total cash consideration was approximately $2.0 billion. Specific headcount added is not disclosed in the 10-Q.
2024-12-31acquisition_additioncompleted2024-07-252025-01-16Global (Middle East, South America, Europe, Africa, North Sea, Angola, Azerbaijan, Canada)International Solutions; Offshore Solutions (management contracts); Kenera manufacturing/engineeringsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closed 2025-01-16 for ~$2.0 billion cash consideration; no employee headcount acquired disclosed. Business combination accounting incomplete at filing date. Post-close, International Solutions contracted rigs expected to rise to ~89 from 20; Offshore segment to ~37 from six.
2024-09-30acquisition_additionannounced2024-07-252024-12-31Global — KCA Deutag land drilling in the Middle East, South America, Europe and Africa; offshore management contracts in the North Sea, Angola, Azerbaijan and CanadaLand drilling; asset-light offshore management contracts; Kenera manufacturing and engineering (including Bentec)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Purchase Agreement signed July 25, 2024 for roughly $2.0 billion total cash consideration, comprising a $0.9 billion share purchase price plus $1.1 billion to retire certain KCA Deutag debt. Transaction was pending at fiscal year-end, with closing expected before calendar year-end 2024 subject to customary conditions and regulatory approvals. No employee headcount impact was disclosed; completion would add KCA Deutag's global workforce and substantially expand the Company's Middle East and offshore management contract presence.
2024-09-30acquisition_additionannounced2024-07-252024-12-31Middle East, South America, Europe, Africa, North SeaInternational Solutions / drilling and offshore management servicesItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pending acquisition of KCA Deutag for approximately $2.0 billion total cash consideration; expected to close prior to calendar 2024 year end. No employee headcount associated with the transaction is disclosed. Approximately $15.0 million of acquisition transaction costs recognized in FY2024 (legal and advisory), not severance.
2024-06-30acquisition_additionannounced2024-07-252024-12-31Global (KCA Deutag operations)Drilling servicessubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to acquire KCA Deutag for ~$946.4M cash; no headcount disclosed. Closing expected before end of calendar 2024, subject to antitrust and other conditions.
2022-09-30divestiture_reductioncompleted20212021-11-15North America Solutions — FlexServices (trucking and casing running services)USD 3 (millions)other
f5-10k / GLM-5.3-flash-HTML
Plan to divest two lower-margin service lines was formalized during fiscal 2021 (assets classified as held-for-sale at 2021-09-30 with a $14.4M impairment) and executed in fiscal 2022 via two transactions: trucking assets sold 2021-11-03 and casing running assets sold 2021-11-15, producing a combined $3.4M loss on sale recognized in fiscal 2022. Headcount impact is not disclosed; the filing frames the action as an asset sale. Prior-year restructuring items (IT reorganization, Argentina voluntary separation program, Houston facility relocation) are attributed to fiscal 2021 and excluded to avoid double-counting; the $0.8M fiscal 2022 restructuring charge is not tied to any described workforce action.
2022-09-30restructuringin_progressUSD 1 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2022 restructuring charges of $0.8 million (income statement: $838 thousand); no employee counts, scope, or timeline disclosed for FY2022 activity.
2022-09-30divestiture_reductioncompleted2021-10-012021-11-03United StatesNorth America Solutions — trucking servicesother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of trucking service assets closed 2021-11-03; associated $14.4 million impairment was recorded in FY2021. Headcount impact not disclosed.
2022-09-30divestiture_reductioncompleted2021-10-012021-11-15United StatesNorth America Solutions — casing running servicesother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of casing running service assets closed 2021-11-15 for $6.0 million less costs to sell, resulting in a $3.4 million loss in FY2022. Headcount impact not disclosed.
2022-09-30restructuringcompleted2022-01-012022-09-30North AmericaNorth America SolutionsUSD 1 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Incurred $0.5 million in restructuring charges during fiscal year 2022.
2022-09-30restructuringcompleted2022-01-012022-09-30CorporateCorporateUSD 0 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Total restructuring charges were $0.8 million for fiscal year 2022, with $0.5 million in North America Solutions and remaining in Corporate/Other.
2022-06-30restructuringcompletedNorth AmericaNorth America SolutionsUSD 1 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Incurred $0.5 million in restructuring charges during the nine months ended June 30, 2022. Employee count not disclosed.
2022-06-30restructuringcompletedNorth AmericaNorth America SolutionsUSD 0 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Incurred $0.03 million in restructuring charges during the three months ended June 30, 2022. Employee count not disclosed.
2022-03-31restructuringcompletedNorth AmericaNorth America SolutionsUSD 1 (millions)financial_statements
f5-10q / Qwen3.6-27B-Q8_0
Restructuring charges of $0.8 million recognized for the six months ended March 31, 2022. No specific employee count disclosed.
2021-12-31restructuringcompletedNorth AmericaNorth America SolutionsUSD 0 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructuring charges of $0.5 million recognized in Q1 FY2022.
2021-12-31restructuringcompletedCorporateCorporateUSD 0 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Corporate restructuring charges included in unallocated amounts.
2021-09-30restructuringin_progress2020-10-01United StatesCorporate — Information Technologyrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
IT operations reorganized in Q2 FY2021 with select functions moved to a managed service provider; severance for involuntarily terminated employees, some termination dates extending beyond 2021-09-30. Combined IT reorganization and Argentina separation program costs were $1.5 million; not split between the two programs.
2021-09-30voluntary_separationcompleted2020-10-01ArgentinaInternational Solutionsrestructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Voluntary separation program commenced in Q3 FY2021 at the local Argentina office; one-time severance for voluntary terminations. Combined with the IT reorganization, total costs were $1.5 million. Footnote shows $0.2 million of employee termination benefits in the International Solutions segment for FY2021.
2021-09-30restructuringcompleted2020-10-01United StatesNorth America Solutions — assembly and storage facilitiesUSD 4 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
One-time moving expenses from downsizing and relocating the Houston assembly facility (new Galena Park, TX lease commenced 2021-01-01) and downsizing storage yards for idle rigs. Footnote reports $4,450 thousand of other restructuring expenses; MD&A rounds this to $4.5 million.
2021-09-30divestiture_reductioncompleted2021-11-032021-11-03United StatesNorth America Solutions — trucking servicessubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of lower-margin trucking service assets closed after fiscal year-end; assets had been written down to fair value less cost to sell and classified held-for-sale at 2021-09-30. No headcount disclosed.
2021-09-30divestiture_reductioncompleted2021-11-152021-11-15United StatesNorth America Solutions — casing running servicessubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of lower-margin casing running service assets closed after fiscal year-end for combined cash consideration with the trucking sale of $5.8 million less costs to sell, plus possible earnout. Trucking and casing running together contributed about 2.8% of FY2021 consolidated revenue. No headcount disclosed.
2021-09-30othercompleted1,8002020-10-012021-09-30United StatesRig-based field operationsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 1,800 former employees were recalled during fiscal 2021 as activity recovered; described as recalls of experienced prior employees rather than external hires.
2021-09-30restructuringcompleted2021-06-302021-09-30United StatesIT OperationsUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
IT reorganization and move to managed service provider. Charge includes severance for involuntarily terminated employees.
2021-09-30voluntary_separationcompleted2021-07-012021-09-30ArgentinaInternational Solutionsrestructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Voluntary separation program at local office in Argentina. Included in total $1.5M severance charge.
2021-09-30restructuringcompleted2021-10-012021-09-30United StatesOperationsUSD 5 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
One-time moving expenses due to downsizing and relocation of Houston assembly facility and storage yards.
2021-09-30restructuringin_progressOperating Segments [Member] / Employee Severance [Member] / North America Solutions [Member]USD 54,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressOperating Segments [Member] / Employee Severance [Member] / International Solutions Segment [Member]USD 207,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressCorporate, Non-Segment [Member] / Employee Severance [Member]USD 1,215,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressEmployee Severance [Member]USD 1,476,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressOperating Segments [Member] / Other Restructuring [Member] / North America Solutions [Member]USD 3,815,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressOperating Segments [Member] / Other Restructuring [Member] / International Solutions Segment [Member]USD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressCorporate, Non-Segment [Member] / Other Restructuring [Member]USD 635,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressOther Restructuring [Member]USD 4,450,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressOperating Segments [Member] / North America Solutions [Member]USD 3,869,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressOperating Segments [Member] / International Solutions Segment [Member]USD 207,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressCorporate, Non-Segment [Member]USD 1,850,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30restructuringin_progressUSD 5,926,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-06-30restructuringin_progress2021-01-01United StatesCorporate / ITUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
IT operations reorganized with select functions moved to a managed service provider; includes one-time severance for involuntary terminations, some extending beyond quarter-end. Charge shown is Q3 FY2021 total across all segments.
2021-06-30voluntary_separationin_progress2021-04-01ArgentinaInternational SolutionsUSD 0 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Voluntary separation program commenced at local Argentina office during Q3 FY2021; one-time severance charges for voluntary terminations. Charge shown is Q3 FY2021 International Solutions restructuring total.
2021-06-30plant_closurein_progress2021-01-01United StatesNorth America Solutions — Houston assembly facilityUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Houston assembly facility downsized and relocated; new Galena Park, TX lease commenced 2021-01-01. Charge shown is nine-month FY2021 North America Solutions restructuring total, primarily moving-related expenses.
2021-06-30restructuringin_progress2021-04-01North AmericaIT OperationsUSD 1,387 (thousands)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of IT operations and moving select functions to a managed service provider. Charges include severance benefits and moving expenses related to downsizing Houston assembly facility.
2021-06-30voluntary_separationin_progress2021-04-01ArgentinaInternational SolutionsUSD 207 (thousands)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Voluntary separation program at local office in Argentina. Charges incurred for employees who were voluntarily terminated.
2021-06-30restructuringin_progress2021-04-01CorporateCorporateUSD 516 (thousands)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
One-time severance benefits to employees who were involuntarily terminated as part of ongoing cost structure measures.
2021-06-30restructuringin_progressOperating Segments [Member] / Employee Severance [Member] / North America Solutions [Member]USD 10,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressOperating Segments [Member] / Employee Severance [Member] / International Solutions Segment [Member]USD 207,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressCorporate, Non-Segment [Member] / Employee Severance [Member]USD 516,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressEmployee Severance [Member]USD 733,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressOperating Segments [Member] / Other Restructuring [Member] / North America Solutions [Member]USD 1,377,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressOperating Segments [Member] / Other Restructuring [Member] / International Solutions Segment [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressCorporate, Non-Segment [Member] / Other Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressOther Restructuring [Member]USD 1,377,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressOperating Segments [Member] / North America Solutions [Member]USD 1,387,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressOperating Segments [Member] / International Solutions Segment [Member]USD 207,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressCorporate, Non-Segment [Member]USD 516,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressUSD 2,110,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progress2020-10-01United StatesIT / Corporate; North America Solutions (Houston assembly facility)USD 1,746 (thousands)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Consolidated program covering IT reorganization with severance and Houston assembly facility downsizing/relocation. Charges of $1,608K in Q2 and $1,746K YTD. No employee count disclosed. Some terminations extend beyond quarter-end.
2021-03-31restructuringin_progress2021-03-31United StatesInformation TechnologyUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reorganization of IT operations and move to managed service provider; one-time severance benefits to involuntarily terminated employees. Employee count not disclosed.
2021-03-31restructuringcompleted2021-03-31United StatesOperationsUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Downsizing and relocation of Houston assembly facility; moving related expenses. Employee count not disclosed.
2021-03-31restructuringin_progressOperating Segments [Member] / Employee Severance [Member] / North America Solutions [Member]USD 17,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressCorporate, Non-Segment [Member] / Employee Severance [Member]USD 165,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressEmployee Severance [Member]USD 182,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressOperating Segments [Member] / Moving Related Expenses [Member] / North America Solutions [Member]USD 1,564,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressCorporate, Non-Segment [Member] / Moving Related Expenses [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressMoving Related Expenses [Member]USD 1,564,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressOperating Segments [Member] / North America Solutions [Member]USD 1,581,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressCorporate, Non-Segment [Member]USD 165,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressUSD 1,746,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressAccounts Payable [Member]USD 1,539,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-03-31restructuringin_progressAccrued Liabilities [Member]USD 207,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-12-31restructuringin_progressUnited StatesNorth America SolutionsUSD 0 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Filer reports a $138 thousand restructuring charge for the quarter but discloses no employee count or completion timing. MD&A indicates further cost reductions in North America and International Solutions may lead to additional restructuring charges in future periods.
2020-12-31restructuringcompletedGlobalCorporate / North America SolutionsUSD 0 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Restructuring charges of $138,000 recorded in Q1 FY2021. Part of broader FY2020 restructuring efforts to reduce fixed overhead and SG&A.
2020-09-30restructuringin_progress2020-05-01GlobalNorth America Solutions; Offshore Gulf of Mexico; International Solutions; Other; Corporate G&AUSD 16 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Charges comprise $19.5M of employee termination benefits net of a $3.5M stock-compensation benefit; $19.0M paid in cash during FY2020 with $0.6M accrued at year-end. No employee count disclosed. Began in Q3 FY2020 in response to weak commodity prices and COVID-19.
2020-09-30divestiture_reductioncompleted2019-12-012019-12-31United StatesNorth America Solutions (TerraVici Drilling Solutions, Inc.)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of wholly-owned subsidiary TerraVici for approximately $15.1M with a $15.0M gain; no headcount associated with the divestiture disclosed.
2020-09-30restructuringcompleted2020-07-012020-09-30GlobalCorporate and Operating SegmentsUSD 16 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Reduction in staffing levels and organizational changes. Employee count not explicitly disclosed, only charges ($16.0M total, including $19.5M severance offset by $3.5M stock comp benefit).
2020-09-30restructuringin_progressOperating Segments [Member] / Employee Severance [Member] / U.S. Land Segment [Member]USD 10,041,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Employee Severance [Member] / Offshore Segment [Member]USD 1,432,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Employee Severance [Member] / International Land Segment [Member]USD 2,991,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Employee Severance [Member] / Other Segments [Member]USD 321,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressCorporate, Non-Segment [Member] / Employee Severance [Member]USD 4,745,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressEmployee Severance [Member]USD 19,530,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Stock-Based Compensation Expense (Benefit) [Member] / U.S. Land Segment [Member]USD 3,036,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Stock-Based Compensation Expense (Benefit) [Member] / Offshore Segment [Member]USD 178,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Stock-Based Compensation Expense (Benefit) [Member] / International Land Segment [Member]USD 11,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Stock-Based Compensation Expense (Benefit) [Member] / Other Segments [Member]USD 61,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressCorporate, Non-Segment [Member] / Stock-Based Compensation Expense (Benefit) [Member]USD 197,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressStock-Based Compensation Expense (Benefit) [Member]USD 3,483,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / U.S. Land Segment [Member]USD 7,005,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Offshore Segment [Member]USD 1,254,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / International Land Segment [Member]USD 2,980,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressOperating Segments [Member] / Other Segments [Member]USD 260,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressCorporate, Non-Segment [Member]USD 4,548,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30restructuringin_progressUSD 16,047,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-06-30restructuringin_progressUnited StatesNorth America SolutionsUSD 7 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program began in Q3 FY2020 in response to weak commodity prices, COVID-19 and market volatility; includes severance, forfeitures and stock-comp modification costs. Employee headcount affected not disclosed. Accrued balance of $7.0 million remained at 2020-06-30.
2020-06-30restructuringin_progressUnited StatesOffshore Gulf of MexicoUSD 1 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sub-component of the consolidated FY2020 restructuring program; employee headcount affected not disclosed.
2020-06-30restructuringin_progressInternational (Argentina, Bahrain, Colombia, United Arab Emirates)International SolutionsUSD 2 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sub-component of the consolidated FY2020 restructuring program; employee headcount affected not disclosed. MD&A states further cost reductions are anticipated in International Solutions, subject to local jurisdictional regulations.
2020-06-30restructuringin_progressUnited StatesOther (real estate, incubator, captive insurance)USD 0 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sub-component of the consolidated FY2020 restructuring program; employee headcount affected not disclosed.
2020-06-30restructuringin_progressUnited StatesCorporate G&AUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sub-component of the consolidated FY2020 restructuring program; employee headcount affected not disclosed. Segment charges net of a $3.483 million stock-based compensation benefit total $15.495 million, matching the income statement restructuring charge line.
2020-06-30divestiture_reductioncompleted2019-12-31United StatesFormer H&P Technologies (TerraVici Drilling Solutions, Inc.)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of wholly-owned subsidiary TerraVici closed December 2019 for approximately $15.1 million with a $15.0 million gain; headcount removed through the sale not disclosed. Filer states the transaction is not a strategic shift.
2020-06-30restructuringin_progress2020-04-01GlobalCorporate G&A, North America Solutions, Offshore Gulf of Mexico, International SolutionsUSD 15 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Restructuring to accommodate scale during industry downturn. Includes severance benefits and stock-based compensation modifications. Employee count not explicitly disclosed in footnote.
2020-06-30restructuringin_progressUSD 3,536,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressEmployee Severance [Member]USD 18,978,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-30restructuringcompleted2019-062019-06-30United StatesU.S. LandUSD 217 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Domestic FlexRig4 fleet downsized from 71 marketed rigs to 20; decommissioned rigs used for capital spares. Charge is an asset impairment, not severance; no employee impact disclosed.
2019-09-30restructuringcompleted2019-062019-06-30InternationalInternational LandUSD 7 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
International FlexRig4 fleet downsized from 10 marketed rigs to 8. Charge is an asset impairment, not severance; no employee impact disclosed.
2019-09-30acquisition_additioncompleted2019-08-212019-08-21France (headquarters) and international locationsH&P Technologiesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of DrillScan Energy SAS for approximately $32.7 million total consideration; acquired headcount not disclosed.
2019-09-30acquisition_additioncompleted2018-11-012018-11-01United KingdomH&P Technologiesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Angus Jamieson Consulting for approximately $3.4 million; acquired headcount not disclosed. Completed in fiscal year 2019 (first quarter).
2019-09-30otherannounced2019-112019-11ArgentinaInternational LandItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Worker strike after fiscal year-end impacted six rigs in Argentina for approximately twenty-four hours; number of employees involved not disclosed.
2019-03-31acquisition_additioncompleted2018-11-01Inverness, ScotlandH&P TechnologiesUSD 3 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Completed acquisition of Angus Jamieson Consulting for approximately $3.4 million total consideration (including $3.1 million goodwill); headcount added through the acquisition is not disclosed.
2018-12-31acquisition_additioncompleted2018-11-01ScotlandH&P TechnologiesUSD 3 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Angus Jamieson Consulting (AJC) completed Nov 1, 2018 for $3.4M. AJC is a software-based training and consultancy company. Specific headcount added is not disclosed.
2018-09-30acquisition_additioncompleted2017-12-082017-12-08United States (Colorado)Other non-reportable segments — drilling technology services (MagVAR)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Magnetic Variation Services, LLC completed December 8, 2017; headcount added not disclosed. Transaction costs of approximately $1.2 million recorded in SG&A.
2018-09-30divestiture_reductioncompleted2018-09-302018-11-30EcuadorInternational Land segmentUSD 11 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Operations ceased in Ecuador in Q4 FY2018; six conventional rigs sold for recycling (sale completed November 2018) with $9.2M plus $1.4M impairment charges. No employee count disclosed.
2017-12-31acquisition_additioncompleted2017-12-08Other (Non-reportable)USD 48 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired Magnetic Variation Services, LLC. Headcount not disclosed. Cash consideration of $47.8 million.
2017-09-30acquisition_additioncompleted2017-06-022017-06-02United StatesOther (non-reportable segments) — drilling technologyUSD 3 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
MOTIVE Drilling Technologies merger completed June 2, 2017; $3.2M transaction costs in G&A. Headcount added not disclosed.
2017-09-30restructuringcompletedUnited StatesCorporate / operationsUSD 6 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Employee workforce reductions starting in 2015 and continuing into 2016 caused a partial 401(k)/Thrift Plan termination; $6.3M additional employer contributions accrued in FY2016. No FY2017 workforce reduction disclosed; included for context only as prior-period activity.
2017-09-30restructuringcompleted2016-09-302016-09-30United StatesCorporate / GeneralUSD 6 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Partial plan termination of 401(k)/Employee Thrift Plan due to workforce reductions started in 2015 and continued into 2016. Affected participants became fully vested. Specific headcount not disclosed.
2017-09-30acquisition_additioncompleted2017-06-022017-06-02United StatesTechnology / Otherbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of MOTIVE Drilling Technologies, Inc. Headcount added not explicitly disclosed.
2016-09-30restructuringin_progressMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Filer attributes higher FY2016 G&A expense partly to employee workforce reductions and related severance; reductions began in FY2015 and continued into FY2016 due to reduced drilling activity. No affected-employee count or severance amount is quantified. The reductions triggered a partial plan termination of the 401(k)/Thrift Plan, resulting in $6.3 million of additional employer contributions (not a severance charge).
2016-09-30restructuringcompletedUnited StatesCorporate / GeneralUSD 6 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Employee workforce reductions resulted in a partial plan termination of the 401(k)/Thrift Plan. Additional employer contributions of $6.3 million were recorded due to full vesting of affected participants.
2016-06-30restructuringin_progressUnited States; International (Argentina, Colombia, Ecuador, Bahrain, U.A.E.)U.S. Land, Offshore, International LandMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MD&A discloses severance expense per revenue day for early retirement and workforce reductions in each segment ($363/day U.S. Land, $1,236/day Offshore, $924/day International Land for Q3 FY2016) but gives no affected-employee count, total charge, announcement date, or completion date. No restructuring footnote is provided. Consolidated into one record because the filer does not present sub-component headcounts.
2016-06-30restructuringin_progressGlobalCorporate and Operating SegmentsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Filing discloses 'employee severance expense for early retirement and workforce reductions' impacting per-day operating expenses across U.S. Land, Offshore, and International Land segments. Specific headcount affected is not disclosed.
2011-09-30othercompleted2010-06-30VenezuelaInternational Land drilling (Venezuelan subsidiary)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Government decree ordered forceful acquisition of the Venezuelan subsidiary's 11 rigs and related property, effective June 30, 2010 (prior fiscal year); operations reclassified as discontinued operations. No employee headcount impact quantified; recovery litigation and arbitrations remain pending.
2011-09-30othercompletedInternational LandMD&A
f5-10k / GLM-5.3-flash-HTML
Labor union interruptions in one country cited as a primary driver of lower fiscal 2011 segment operating income; country, timing, and number of employees affected are not disclosed.
2010-09-30othercompleted2010-06-302010-06-30VenezuelaInternational Land segment (Venezuelan subsidiary)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Venezuelan government seized 11 rigs and associated property; operations reclassified as discontinued operations. No employee headcount affected is disclosed; related charges (approx. $70.2M asset derecognition, $21.1M cash impairment, $20.4M exchange loss) are asset/currency items, not severance.
2009-09-30othercompleted2008-12-312009-09-30VenezuelaInternational Land segmentItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company decided during second fiscal quarter 2009 to wind down PDVSA work as contracts expired amid collectability concerns; eleven active rigs at end of 2008 reduced to one by fiscal year-end (since idle). No employee headcount impact quantified. Announcement date approximated to the disclosed quarter (Oct–Dec 2008).
2009-06-30othercompleted2009-07-30Latin AmericaCustoms/logistics operations of a subsidiaryother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Disciplinary action taken against certain employees tied to the FCPA matter, including some employment terminations; no headcount, timing detail, or severance amounts disclosed.
2008-09-30acquisition_additioncompleted2008-05-21Other/non-reportable segments (rotary steerable drilling technology R&D)USD 12 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquisition of TerraVici Drilling Solutions completed May 21, 2008 for $12.2 million, including $1.2 million of acquisition-related fees; also included an $11.1 million in-process R&D charge. Number of employees acquired is not disclosed. Charge value shown is the acquisition purchase price (label 'other'), not a severance charge.
2008-09-30acquisition_additioncompleted2008-05-212008-05-21United StatesOther (rotary steerable technology / R&D)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of TerraVici Drilling Solutions for $12.2 million completed 2008-05-21; headcount added through the acquisition not disclosed.
2008-09-30acquisition_additioncompleted2008-05-212008-05-21United StatesResearch and DevelopmentUSD 12 (millions)Item 1. Business
f5-10k / Qwen3.6-27B-Q8_0
Acquired TerraVici for $12.2 million. Specific headcount added not disclosed.
2003-09-30divestiture_reductioncompleted2002-09-30Exploration and production business (Cimarex Energy Co.)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Spin-off of Cimarex Energy Co., the Company's former E&P division, completed September 30, 2002 — the final day of fiscal 2002, immediately before the fiscal 2003 period covered by this filing — removing that workforce from continuing operations. The number of employees transferred to Cimarex is not disclosed. The stock distribution was recorded as a dividend reducing shareholders' equity by roughly $152.2 million; this is an equity distribution, not a severance or restructuring charge, so no charge value is captured.
2002-09-30divestiture_reductioncompleted2002-02-232002-09-30Exploration and Production (spun off as Cimarex Energy Co.)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Spin-off completed September 30, 2002: 100% of Cimarex Energy Co. stock, holding the E&P business, was distributed to shareholders, removing the E&P workforce from the Company; number of employees transferred not disclosed. The distribution was recorded as a dividend reducing stockholders' equity by roughly $152.2 million (informational, not a severance charge). The Company also adopted an E&P Severance Plan effective August 26, 2002 covering regular full-time E&P Division employees in US locations in connection with the transaction.
2002-09-30divestiture_reductioncompleted2002-02-232002-09-30United StatesExploration and Production (E&P) Divisiondiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Spin-off of Cimarex Energy Co. completed 2002-09-30; E&P employees transferred to Cimarex, headcount not disclosed
2002-09-30voluntary_separationcompleted2002-08-26United StatesExploration and Production (E&P) Divisionother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance plan effective 2002-08-26 for E&P employees in connection with change of control; no affected-employee count or charge disclosed
1996-09-30divestiture_reductioncompleted1996-08-231996-08-30United States (Baytown, Texas)Chemical operations — Natural Gas Odorizing, Inc.USD 24 (millions)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Chemical subsidiary sold to Occidental Petroleum effective August 30, 1996 for 2,018,928 shares (~$48 million); recorded as a gain on sale, not a charge, and net of ~$14.8 million deferred income taxes. Headcount transferred with the business was not disclosed.
1996-09-30divestiture_reductioncompleted1996-08-231996-08-30United States (Baytown, Texas)Chemical Operations (Natural Gas Odorizing, Inc.)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
NGO sold to Occidental Petroleum subsidiary for 2,018,928 shares (~$48M). Employee headcount transferred not disclosed.
1995-09-30restructuringcompleted1995-09United StatesExploration and Production divisionItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Reorganization consolidated or eliminated several management positions and eliminated several consulting geologists; formed geographic exploitation teams. Most division employees were retained, and division headcount expected to remain approximately the same in fiscal 1996.
1995-09-30restructuringcompleted1995-09-011995-09-30United StatesExploration and Production DivisionItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
September 1995 reorganization consolidated or eliminated several management positions and several consulting geologists, and formed geographic exploitation teams; no headcount or charge quantified
1995-09-30restructuringcompleted1995-09-301995-09-30United StatesOil and Gas Exploration and ProductionItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Reorganization resulted in consolidation or elimination of several management positions and elimination of several consulting geologists. Total number of employees expected to remain approximately the same.