Drilling and solutions provider Helmerich & Payne (H&P) is joining the Permian Strategic Partnership (PSP) to contribute to the coalition’s mission of improving the quality of life of Permian Basin residents, PSP announced Jan. 10.
Founded in 2019, the PSP is committed to responsibly developing resources in the Permian Basin by partnering with federal, state and local leaders to serve the local community.
H&P is joining as the twentieth member of the coalition after Kinetic and WaterBridge Resources, who joined in September.
“We are excited to partner with PSP and the coalition of Permian Basin energy companies who are working to make a difference in West Texas and southeastern New Mexico,” said John Lindsay, president and CEO of H&P. “H&P deeply values our ability to be involved in philanthropic efforts throughout the communities where we live, work and play, and this partnership demonstrates just that.”
The PSP has leveraged $975 million towards providing residents with education, safer roads, housing and healthcare. $125 million came from member company contributions, according to the press release.
“John Lindsay and the team at H&P bring extraordinary talent and passion for the Permian Basin to our organization,” said Tracee Bentley, president and CEO of the PSP. “They are joining the PSP at a time when we have seen transformational initiatives after four years of dedicated service to our community, and we still have so much to work on together. We look forward to continuing our momentum in 2023 and making lasting impacts across the Permian Basin."
Additional members of the PSP are Apache, BPX Energy, Chevron, ConocoPhillips, Coterra Energy, Devon, Diamondback, Endeavor, EOG Resources, Exxon Mobil, Halliburton, Occidental, Ovintiv, Permian Resources, Pioneer Natural Resources, Plains All American and SLB.
Recommended Reading
Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest
2024-03-04 - Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.
Pitts: Heavyweight Battle Brewing Between US Supermajors in South America
2024-04-09 - Exxon Mobil took the first swing in defense of its right of first refusal for Hess' interest in Guyana's Stabroek Block, but Chevron isn't backing down.
Exxon Ups Mammoth Offshore Guyana Production by Another 100,000 bbl/d
2024-04-15 - Exxon Mobil, which took a final investment decision on its Whiptail development on April 12, now estimates its six offshore Guyana projects will average gross production of 1.3 MMbbl/d by 2027.
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
2024-05-17 - A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.
Exxon Mobil Guyana Awards Two Contracts for its Whiptail Project
2024-04-16 - Exxon Mobil Guyana awarded Strohm and TechnipFMC with contracts for its Whiptail Project located offshore in Guyana’s Stabroek Block.