46765--11/25/2009--HELMERICH_&_PAYNE_INC

related topics
{gas, price, oil}
{operation, natural, condition}
{customer, product, revenue}
{operation, international, foreign}
{condition, economic, financial}
{cost, regulation, environmental}
{loan, real, estate}
{personnel, key, retain}
{debt, indebtedness, cash}
A sluggish global economy may affect our business. The contract drilling business is highly competitive. Our operations are subject to a number of operational risks, including weather. Fixed-term contracts may in certain instances be terminated without an early termination payment. Our operations present risks of loss that, if not insured or indemnified against, could adversely affect our results of operations. Shortages of drilling equipment and supplies could adversely affect our operations. We depend on a limited number of vendors, some of which are thinly capitalized and the loss of any of which could disrupt our operations. Oil and natural gas prices are volatile, and low prices could negatively affect our financial results in the future. International uncertainties and local laws could adversely affect our business. Our business and results of operations may be adversely affected by foreign currency devaluation. Government regulations and environmental laws could adversely affect our business. Variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly. Our securities portfolio may lose significant value due to a decline in equity prices and other market-related risks, thus impacting our debt ratio and financial strength. The loss of one or a number of our large customers could have a material adverse effect on our business, financial condition and results of operations. Competition for experienced technical personnel may negatively impact our operations or financial results. New technologies may cause our drilling methods and equipment to become less competitive, resulting in an adverse effect on our financial condition and results of operations.

Full 10-K form ▸

related documents
46765--11/24/2010--HELMERICH_&_PAYNE_INC
68589--3/11/2008--QUESTAR_GAS_CO
1030749--3/1/2007--GULFMARK_OFFSHORE_INC
48039--2/27/2009--HOLLY_CORP
1030749--2/29/2008--GULFMARK_OFFSHORE_INC
1163165--2/22/2008--CONOCOPHILLIPS
68589--3/20/2007--QUESTAR_GAS_CO
314606--3/12/2008--GEOKINETICS_INC
1283140--2/26/2007--HOLLY_ENERGY_PARTNERS_LP
1283140--2/22/2006--HOLLY_ENERGY_PARTNERS_LP
915840--12/8/2006--BEAZER_HOMES_USA_INC
1035002--2/29/2008--VALERO_ENERGY_CORP/TX
1035002--3/1/2006--VALERO_ENERGY_CORP/TX
1060990--2/28/2008--QUICKSILVER_RESOURCES_INC
1060990--3/3/2009--QUICKSILVER_RESOURCES_INC
874992--3/14/2006--REMINGTON_OIL_&_GAS_CORP
916076--2/25/2008--MARTIN_MARIETTA_MATERIALS_INC
56868--4/2/2007--PRIMEENERGY_CORP
835011--9/12/2007--MGP_INGREDIENTS_INC
33213--2/18/2010--EQT_Corp
33213--2/20/2009--EQT_Corp
1366744--2/26/2009--HOMELAND_ENERGY_SOLUTIONS_LLC
889900--2/19/2010--PATTERSON_UTI_ENERGY_INC
70145--11/25/2009--NATIONAL_FUEL_GAS_CO
101778--3/1/2007--MARATHON_OIL_CORP
835011--9/7/2006--MGP_INGREDIENTS_INC
6769--2/29/2008--APACHE_CORP
25232--2/26/2008--COUSINS_PROPERTIES_INC
926423--4/15/2009--MITCHAM_INDUSTRIES_INC
1260349--3/15/2007--SOUTHERN_STAR_CENTRAL_CORP