Filing Flows › Industries › Drilling Oil & Gas Wells › Capital spending and supply chain
Drilling Oil & Gas Wells: capital spending and supply chain
SIC 1381 · 7 companies with filed cash-flow statements
Analysis
7 companies in Drilling Oil & Gas Wells (SIC 1381) spent $3.0B on capital projects over their latest twelve months, 69% of the $4.4B their operations generated; the three largest spenders — NE, NBR, PTEN — account for 60%.
Capital spending is 12.8% of the industry's $23.8B of annual revenue.
By the industry's asset mix most of it goes to equipment (39%); about $252M is imported.
The largest supplier of that spending is manufacturing structures ($726M).
Its largest supplying industries, by the input-output tables: management of companies and enterprises ($1.8B), imports ($1.8B), commercial and industrial machinery and equipment rental and leasing ($936M).
Charts
Capital spending by company
| Company | Capital spending | Operating cash flow | Capex / OCF | Period |
|---|---|---|---|---|
| NE Noble | $652M | $749M | 87% | TTM to Q3 2026 |
| NBR Nabors Industries | $623M | $733M | 85% | TTM to Q3 2026 |
| PTEN Patterson UTI Energy | $552M | $818M | 67% | TTM to Q3 2026 |
| VAL Valaris | $434M | $228M | 191% | TTM to Q3 2026 |
| HPK HighPeak Energy | $396M | $394M | 100% | TTM to Q2 2026 |
| HP Helmerich & Payne | $264M | $580M | 46% | TTM to Q3 FY26 |
| RIG Transocean | $123M | $923M | 13% | TTM to Q3 2026 |
Customers and suppliers named in annual reports
| Supplier | Customer | Share of supplier revenue | Evidence | Source |
|---|---|---|---|---|
| RIG | SHEL | 22% | Stated in 10-K (sentence) | filing |
| VAL | BP | 35% | Stated in 10-K (sentence) | filing |
| HPK | DK Trading and Supply, LLC | 82% | Stated in 10-K (XBRL) | filing |
| NE | Exxon Mobil Corporation (“ExxonMobil”) | 20% | Stated in 10-K (XBRL) | filing |
| NE | BP | 17% | Stated in 10-K (sentence) | filing |
| RIG | EQNR | 12% | Stated in 10-K (sentence) | filing |
| NE | XOM | 12% | Stated in 10-K (sentence) | filing |
| NE | SHEL | 12% | Stated in 10-K (customer table) | filing |
| HPK | ET | 8% | Stated in 10-K (sentence) | filing |
The interactive money flow: switch views, follow each dollar →
Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.