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SUBSEQUENT EVENTS | 12 Months Ended
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Sep. 30, 2021
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS |
NOTE 19 SUBSEQUENT EVENTS
On October 27, 2021, we redeemed all of the outstanding 2025 Notes, which resulted in the principal payment of $487.1 million, a make-whole premium and accrued interest payment of $58.1 million and the write off of unamortized discount and debt issuance costs of $3.7 million, which will be recognized during the first fiscal quarter of 2022 contemporaneously with the October 27, 2021 redemption. Additional details are fully discussed in Note 7—Debt. Subsequent to September 30, 2021, we sold the assets associated with two lower margin service offerings, trucking and casing running services, which contributed approximately 2.8 percent to our consolidated revenues during fiscal year 2021, in two separate transactions. The sale of our trucking services was completed on November 3, 2021 while the sale of our casing running services was completed on November 15, 2021 for combined cash consideration less costs to sell of $5.8 million, in addition to the possibility of future earnout revenue. On November 12, 2021, we settled a drilling contract dispute with YPF S.A. (Argentina). The settlement requires that YPF make a one-time cash payment to H&P in the amount of approximately $11.0 million and enter into drilling service contracts for three drilling rigs, each with multi-year terms.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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