<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
July 11, 1994
Date of Report
(Date of Earliest Event Reported)
Helmerich & Payne, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware 1-4221 73-0679879
(State or Other (Commission (IRS Employer
Jurisdiction of File Identification
Incorporation) Number) Number)
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 3 Pages
<PAGE> 2
ITEM 5. OTHER EVENTS.
Helmerich & Payne International Drilling Co. ("H&PIDC"), a wholly owned
subsidiary of Helmerich & Payne, Inc., has completed a purchase from ENSCO
Drilling Company, a wholly owned subsidiary of Energy Service Company, Inc., of
its United States land rig operations. The operations purchased by H&PIDC
consist of 12 land drilling rigs and related equipment and pipe, as well as an
office building and yard located on approximately 14.5 acres in Alice, Texas.
The purchase was consummated on June 30, 1994 pursuant to the terms of two
separate purchase agreements between H&PIDC and ENSCO Drilling Company. The
total purchase price was approximately $15.5 million, consisting of cash, a
promissory note and certain deferred payment obligations.
Page 2 of 3 Pages
<PAGE> 3
SIGNATURE
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: /s/ STEVEN R. MACKEY
Steven R. Mackey
Vice President, Secretary,
and General Counsel
DATED this 11th day of July, 1994.
Page 3 of 3 Pages
