TULSA, Okla, Nov. 29, 2018 (GLOBE NEWSWIRE) — Helmerich & Payne, Inc. (NYSE:HP) announced it has formed a new business entity, H&P Technologies, that will be used to drive development of advanced technologies and directional drilling automation solutions, resulting in greater reliability and well performance. John Lindsay, Helmerich & Payne, Inc.’s President and CEO, stated, “H&P’s longstanding […]Read More
DALLAS–(BUSINESS WIRE)–MOTIVE® Drilling Technologies, Inc., the industry leader in automated bit guidance, announced today that it has set a new record of five million feet of directional drilling using its automated bit guidance system. The MOTIVE Bit Guidance System™ uses task automation technology to lower the cost of drilling horizontal wells while increasing the hydrocarbon production […]Read More
TULSA, Okla., May 22, 2017 (GLOBE NEWSWIRE) — Helmerich & Payne, Inc. (NYSE:HP) announced today it has entered into an agreement to acquire MOTIVE® Drilling Technologies, Inc. (‘MOTIVE®‘) for $75 million payable at closing and up to an additional $25 million in potential earnout payments based on future performance during the next few years. The […]Read More
February 22, 2017–InnovOil MOTIVE® Drilling Technologies explains how its automated Directional Drilling Bit Guidance System can help make better decisions and improve performance. One of the most significant problems identified by oil and gas operators in unconventional plays is the inability to follow a prescribed well path consistently, and to hit and stay within the […]Read More
February 08, 2017 11:15 AM Eastern Standard Time DALLAS–(Read More
For Immediate Release: Tuesday, May 31, 2016 MOTIVE® Directional Drilling Decision-Automation Now Available Through Channel Partners. Dallas, Texas – The MOTIVE® Bit Guidance System is now available through a select number of innovative top-tier directional drilling companies through a Channel Partner program. The Bit Guidance System has proven its capability to use machine intelligence […]Read More
For Immediate Release: Wednesday, February 17th, 2016 MOTIVE® Drilling Technologies Announces $10.5 Million Series A Funding with Formation 8 and GE Ventures Dallas, Texas – MOTIVE® Drilling Technologies, the rapidly growing drilling decision-automation company, today announced a $10.5 million Series A funding round led by California based investors Formation 8 and GE Ventures. Funding […]Read More
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