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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
Date of Report: December 5, 1997
HELMERICH & PAYNE, INC.
________________________________________________________________________________
(Exact name of registrant as specified in its charter)
Delaware 1-4221 73-0679879
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
incorporation) Number)
Utica at Twenty-first Street, Tulsa, Oklahoma 74114
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(Address of principal executive offices) (Zip Code)
(918) 742-5531
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address, if changed since last report)
Page 1 of 2 Pages.
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Item 5. Other Events.
(i) On December 3, 1997, the Board of Directors of Helmerich &
Payne, Inc., (the "Company") declared a 2 for 1 stock split with a record date
of December 15, 1997. The stock split is to be effected by mailing
certificates for additional shares on or before December 31, 1997.
(ii) On December 1 and 2, 1997, Helmerich & Payne, Inc. sold a
total of 600,000 shares of Occidental Petroleum Corporation common stock.
After such sale, Helmerich & Payne, Inc. owned 1,400,000 shares of Occidental
Petroleum Corporation common stock.
SIGNATURES
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, thereunto duly authorized.
HELMERICH & PAYNE, INC.
(Registrant)
By: /S/ Steven R. Mackey
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Name: Steven R. Mackey
Title: Vice President
Dated: December 5, 1997
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