Helmerich & Payne, Inc. — Director's Dealing 2004

Jan 5, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HELMERICH & PAYNE INC (HP)
CIK: 0000046765
Period of Report: 2003-12-30

Reporting Person: DOTSON GEORGE S (Director, Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-30	Common Stock	G	4000.0000	—	Disposed	77519.0000	Direct

Footnotes

F1: Includes the following shares held indirectly: 4,546 shares in the reporting person's 401(k) account as of September 30, 2003; 1,300 shares held by a trust for certain family members with respect to which the reporting person is a co-trustee; and 35,554 shares with respect to which beneficial ownership is disclaimed as such shares are owned by the reporting person's spouse.