Company: HLX
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001558370-25-001617
Chunk: 38

Company: HELIX ENERGY SOLUTIONS GROUP INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7M
Chunk 38
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 continue to contribute to commodity price volatility with the potential to temper customer spending for oil and gas projects.

We maximize production of existing oil and gas reserves for our customers primarily in our Well Intervention segment. Historically, drilling rigs have been the asset class used for offshore well intervention work, and rig day rates are a pricing indicator for our services. Our customers have used drilling rigs on existing long-term contracts (rig overhang) to perform well intervention work instead of new drilling activities. Current volumes of work, rig utilization rates, the day rates quoted by drilling rig contractors and existing rig overhang affect the utilization and/or rates we can achieve for our assets and services.