<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
January 28, 1994
Date of Report
(Date of Earliest Event Reported)
Helmerich & Payne, Inc.
(Exact Name of Registrant as Specified in Its Charter)
<TABLE>
<S> <C> <C>
Delaware 1-4221 73-0679879
-------- ------ ----------
(State or Other (Commission (IRS Employer
Jurisdiction of File Identification
Incorporation) Number) Number)
</TABLE>
1579 East 21st Street Tulsa, Oklahoma 74114
(Address of Principal Executive Offices) (Zip Code)
(918) 742-5531
(Registrant's Telephone
Number, Including
Area Code)
N/A
(Former Name or Former Address, if Changed since Last Report)
Page 1 of 2 Pages
<PAGE> 2
ITEM 5. OTHER MATERIALLY IMPORTANT EVENTS
On January 18, 1994, the District Court of Harris County, Texas
dismissed without prejudice the lawsuit styled Theresa Arceneaux, et al. v.
Natural Gas Odorizing, Inc., Case Number 93-568602, District Court Harris
County, Texas, 165th Judicial District. Prior to dismissal, plaintiffs had
sought actual damages of $500 million dollars and punitive damages of $500
billion dollars against Registrant's wholly owned subsidiary, Natural Gas
Odorizing, Inc.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HELMERICH & PAYNE, INC.
By: STEVEN R. MACKEY
----------------
Steven R. Mackey
Vice President, Secretary,
and General Counsel
DATED this 28th day of January, 1994.
Page 2 of 2 Pages
