-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TJKMWgdyO4MQafvEfp6Ydr/FCGe93Fo5p3siI7yM+MSdTpDjy8IXX/aLWqNSPwYU 5HwKBrQgirxFVC9NkgMr+w== 0000950134-01-000292.txt : 20010123 0000950134-01-000292.hdr.sgml : 20010123 ACCESSION NUMBER: 0000950134-01-000292 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010118 ITEM INFORMATION: FILED AS OF DATE: 20010118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HELMERICH & PAYNE INC CENTRAL INDEX KEY: 0000046765 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 730679879 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-04221 FILM NUMBER: 1510978 BUSINESS ADDRESS: STREET 1: UTICA AT 21ST ST CITY: TULSA STATE: OK ZIP: 74114 BUSINESS PHONE: 9187425531 MAIL ADDRESS: STREET 1: UTICA AT 21ST ST CITY: TULSA STATE: OK ZIP: 74114 8-K 1 d83408e8-k.txt FORM 8-K 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 Date of Report: January 18, 2001 HELMERICH & PAYNE, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-4221 73-0679879 - -------------------------------------------------------------------------------- (State or other (Commission File (I.R.S. Employer jurisdiction of Number) Identification incorporation) Number) Utica at Twenty-first 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. 2 Item 9. Regulation FD Disclosure. On January 18, 2001, Helmerich & Payne, Inc. issued the following press release: "TULSA, OK - Helmerich & Payne, Inc. announced today that, as a result of a recently completed economic evaluation of the useful lives of its drilling equipment, it has extended the depreciable life of its rig equipment from 10 to 15 years. This will provide a better matching of revenue and depreciation expense over the useful life of the equipment. This change, effective October 1, 2000, will reduce depreciation expense in fiscal 2001 by an estimated $30 million, resulting in an earnings increase of approximately $0.36 per share, or $0.09 per share per quarter. Helmerich & Payne, Inc. also announced that it will release its first quarter earnings the morning of Thursday, January 25th and will hold a conference call that afternoon at 3:30 p.m. EST (2:30 CST). The call will be broadcast live over the Internet at http://www.videonewswire.com/HELMERICHPAYNE012501.com. The call will be archived for later review on the website www.prnewswire.com. Helmerich & Payne, Inc. (HP/NYSE) is an energy-oriented company engaged in contract drilling and oil and gas exploration and production. Its contract drilling subsidiary owns 39 land rigs and 10 platform rigs in the U.S., and 39 land rigs in South America. The Company also holds substantial equity investments in several other publicly owned corporations. The information contained within this announcement is forward looking and involves risks and uncertainties that could significantly impact expected results. A discussion of these risks and uncertainties is contained in the Company's Form 10-K filed with the Securities and Exchange Commission on December 28, 2000." 2 3 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 ----------------------------- Name: Steven R. Mackey Title: Vice President Dated: January 18, 2001 3 -----END PRIVACY-ENHANCED MESSAGE-----