With 80% of its onshore drilling rigs equipped with its FlexRig advanced drilling technologies, Helmerich & Payne may be one of the few oilfield services companies with the ability to grow in the declining American land market, thanks to its ability to extract oil from traditionally difficult-to-reach places. The company's 193 rigs are deployed across the U.S., throughout South America and across the sea in Tunisia. H&P also has a small offshore segment which operates exclusively in the shallow Gulf of Mexico. This means the company has little hope of expanding into the competitive offshore market, since most Gulf E&P companies are moving abroad because of declining production; it also means that a relatively small portion of the company will suffer from that trend. Onshore, the company's FlexRig technology allows it to benefit from growing demand for unconventional drilling and productivity-growth technology, as it can drill wells to reserves that were previously impossible or uneconomical to get to. Furthermore, rising oil prices are driving up dayrates for these coveted pieces of capital equipment, causing H&P's margins to grow as well as its revenues. H&P competes with other American onshore drilling companies, including Nabors Industries, Patterson-UTI Energy, Grey Wolf, Unit, and Pioneer Drilling Co. (Read more at Wikinvest )